Washington Trust Bancorp

Q2 FY2026 EarningsFY26 Q2 beat consensus across nearly all financial metrics: diluted EPS of $0.83 vs. $0.77 expected, and total revenue of $60.5M vs. $59.9M expected. Net interest margin (NIM) expanded to 2.73%, surpassing the 2.69% mean consensus, driven by falling funding costs and the cessation of deferred loss amortization. Despite a $1.6M provision for credit losses related to two nonaccrual CRE office loans, net income outperformed the $14.7M consensus by 8.8%. Management's plans to open two new full-service branches in late 2026 signal continued focus on organic deposit growth.