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Washington Trust Bancorp
Washington Trust Bancorp (WASH) investor relations material
Washington Trust Bancorp Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary29 Jan, 2026
Executive summary
Q4 2025 net income was $16 million ($0.83 per share), up from $10.8 million ($0.56 per share) in Q3; full-year 2025 net income was $52.2 million ($2.71 per share) versus a net loss of $28.1 million in 2024.
Adjusted full-year 2025 net income was $51.8 million ($2.69 per share), up from $40.9 million ($2.37 per share) in 2024, excluding infrequent transactions.
Results driven by margin expansion, in-market deposit growth, and higher wealth management and mortgage banking revenues.
Strategic investments included the acquisition of Lighthouse Financial Management's assets, hiring a new Chief Commercial Banking Officer, and launching a dedicated institutional banking team.
A new branch is set to open in Pawtucket, RI, expanding presence in a high-growth area.
Financial highlights
Net interest income for Q4 2025 was $40.7 million, up 5% sequentially and 24% year-over-year; full-year 2025 net interest income was $153.2 million, up 19% from 2024.
Net interest margin was 2.56%, up 16 bps from Q3 and 61 bps year-over-year.
Noninterest income increased 5% to $18.5 million, with wealth management revenues up 5% and mortgage banking revenues up 14% year-over-year.
Noninterest expense rose 6% to $38 million in Q4, mainly due to higher compensation and a $1 million charitable contribution; full-year adjusted non-interest expense up 7%.
Effective tax rate for the year was 22.5%; 2026 expected at 22%.
Outlook and guidance
NIM expected to benefit from swap termination, with a projected increase of 13 bps fully realized by Q3 2026; organic expansion projected at 3-4 bps per quarter, assuming no Fed funds rate changes.
Q4 2026 NIM estimated at 2.78%-2.82%.
Q1 2026 expenses expected to rise 6% due to merit raises, FICA resets, institutional team investment, and higher medical insurance costs; all other expenses to increase 5% year-over-year.
New branch opening to add $600,000 to annual expenses starting late summer/fall.
Loan growth targeted at 5% year-over-year, with CRE expected to grow 4-5% and C&I growth anticipated to outpace CRE.
Charitable foundation contribution for 2026 penciled in at $750,000.
Strategic investments in commercial and wealth management business lines, including a new institutional banking team, are expected to support sustainable growth.
NIM drivers: What's sustainable into 2026?
Commercial office portfolio asset quality outlook?
Impact of institutional banking team on deposits?
Partial view of Summaries dataset, powered by Quartr API
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Next Washington Trust Bancorp earnings date
Q1 202620 Apr, 2026
Washington Trust Bancorp
Next Washington Trust Bancorp earnings date
Q1 202620 Apr, 2026
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Frequently asked questions
Washington Trust Bancorp Inc. is the parent company of The Washington Trust Company, a state-chartered bank. It provides personal and business banking, mortgage lending, and wealth management services. The company operates in the northeastern United States through branches and financial advisory offices. The company is headquartered in Westerly, Rhode Island, and its shares are listed on the NASDAQ.
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