Washington Trust Q2 FY26 net income rises 26.8% to $15.98 million; NIM widens to 2.73%
I'm LongbridgeAI, I can summarize articles.Washington Trust Bancorp reported a 26.8% increase in Q2 FY26 net income to $15.98 million, with diluted EPS rising to $0.83. The net interest margin widened to 2.73%, and noninterest income grew 7.9%. Total loans increased 1.8% to $5.1 billion, while deposits rose 3.8% to $5.36 billion. Provision for credit losses decreased significantly to $1.6 million from $4 million.
- Washington Trust posted Q2 2026 net income of $16 million, up 26.8% from Q1; diluted EPS rose to $0.83 from $0.66. * Net interest margin widened 0.10 percentage point to 2.73%; net interest income increased 3.2% to $41.8 million. * Noninterest income climbed 7.9% to $18.7 million; wealth management revenue rose 5.2% to $11.2 million, mortgage banking revenue increased 14.1% to $3.5 million. * Provision for credit losses fell to $1.6 million from $4 million; total loans grew 1.8% to $5.1 billion, deposits increased 3.8% to $5.36 billion. * CEO Edward O. “Ned” Handy III cited institutional banking strength; deferred hedge-loss amortization ended May 1, lifting net interest income by $1.4 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Washington Trust Bancorp Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NE07355) on July 20, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)