Washington Trust FY26 Q2 net income rises 21% to $16 million; revenue climbs 11% to $60.47 million
Reuters2026/08/06 14:27- Washington Trust Bancorp posted GAAP net income of $16 million for the quarter ended June 30, 2026, up 21% year over year.
- GAAP diluted EPS rose to $0.83 from a year earlier, while return on average assets widened 19 percentage points to 0.99%.
- Net interest income climbed 12% to $41.8 million, while noninterest income increased 9% to $18.7 million.
- Provision for credit losses more than doubled to $1.6 million, while noninterest expense increased 6% to $38.6 million.
- Washington Trust plans to open two new full-service branches later in 2026, in Pawtucket and Bristol, Rhode Island.
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