Washington Trust Reports Strong Q3 Earnings Growth in 2026
Washington Trust Bancorp reported a significant increase in net income for the third quarter of 2026, reaching $19.4 million—a rise of 21% compared to the previous quarter and an improvement of $8.5 million from Q3 2025. Diluted earnings per share also increased by $0.18 year-over-year to $1.01. The bank attributed its performance to growth in net interest income, margin expansion, improved operating efficiency, and strong deposit growth that reached an all-time high of $5.4 billion. Key highlights included a 7% increase in net interest income driven by higher average earning assets and yields, as well as a rise in noninterest income by 9%. The bank also reported capital strength with a common equity tier 1 ratio of 11.93%, reflecting its resilience amid economic conditions. Chairman and CEO Edward O. 'Ned' Handy III emphasized the company's focus on personalized service, operational efficiency, and leveraging regional banking capabilities to deliver long-term shareholder value.
Tickers: $WASH
Topics: banking financial_performance net_income
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