Washington Trust Bancorp (WASH) Investor presentation summary

Financial performance and rate outlook

• Q3 2026 net interest income was $44.7M, versus $41.8M in Q2 2026 and $38.8M in Q3 2025.

• Q3 2026 net income was $19.4M, versus $16.0M in Q2 2026 and $10.8M in Q3 2025.

• NIM increased 11 bps QoQ; the remaining deferred cash-flow-hedge loss was fully amortized May 1, 2026, improving the ongoing earnings and NIM run rate.

• 64% of loans were variable rate as of Sep. 30, 2026; the balance sheet was expected to benefit from rate increases.

Market position and deposits

• Rhode Island deposit market share was 11.6%, ranking third; average in-market deposits per branch were $194M as of Sep. 30, 2026.

• In-market deposits grew 4.1% YoY; their cost was 2.13% for Q3 2026.

• In-market deposit mix at Sep. 30, 2026: 39% demand and NOW, 38% money market and savings, and 23% time deposits.

• Franchise spans Rhode Island, Massachusetts and Connecticut, with 28 bank branches, 5 wealth offices, 7 residential mortgage offices and 4 commercial lending offices.

Lending and credit

• Total loans were $5.16B at Sep. 30, 2026; the portfolio included $2.1B of CRE and $661.6M of C&I loans.

• Net cumulative loan and lease charge-offs were 193 bps through June 30, 2026, versus a 695 bps peer average and 415 bps peer median.

• CRE office balances were $208.1M, with 63% weighted-average LTV and 1.27x debt-service coverage; 61% was suburban income-producing property and 61% matures before Sep. 30, 2028.

• Residential mortgage and home equity balances were $2.03B and $340.3M; nine-month delinquencies were 0.52% and 0.59%, respectively.