WASH

This article first appeared on GuruFocus. Net Income: $16 million or $0.83 per share, up by $3.4 million or $0.17 from the preceding quarter. Pre-provision Pretax Net Revenue (PPNR): Up 9% from Q1 and up 23% year over year. Net Interest Income: $41.8 million, up by 3% from Q1 and up by 12% year over year. Net Interest Margin (NIM): 2.73%, up by 10 basis points from Q1 and up by 37 basis points year over year. Noninterest Income: $38.6 million, up by 2% from Q1. Wealth Management Revenues: Up $554,000 or 5% compared to Q1, and up by $1.1 million or 11% year over year. Mortgage Banking Revenues: $3.5 million, up 14% from Q1 and year over year. Total Loans: Up 2% from March 31. Deposits: Up 4% from the end of Q1 and up by 6% year over year. Loan-to-Deposit Ratio: Improved from 96.9% to 95.1% at June 30. Total Equity: $554 million, up by $7 million from the end of Q1. Dividend: Remained at $0.56 per share. Nonaccruing Loans: 78 basis points against total loans, decreasing from 81 basis points at the end of Q1. Past Due Loans: 81 basis points, up from 33 basis points at the end of Q1. Provision for Credit Losses: $1.6 million. Allowance for Credit Losses: $42.6 million or 83 basis points against total loans. Warning! GuruFocus has detected 8 Warning Signs with WASH. Is WASH fairly valued? Test your thesis with our free DCF calculator. Release Date: July 21, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Washington Trust Bancorp Inc (NASDAQ:WASH) reported strong net income of $16 million, up by $3.4 million from the previous quarter. The company experienced solid loan and deposit growth, driven by its institutional banking initiative. Net interest income increased by 3% from Q1 and 12% year over year, with a margin expansion to 2.73%. Plans to open new branches in Bristol and Pawtucket, Rhode Island, are underway, expanding their market presence. The company is set to roll out an enhanced digital banking solution for small business customers, aiming to improve customer experience and security. Nonaccruing loans were 78 basis points against total loans, indicating some asset quality concerns. Past due loans increased to 81 basis points, primarily due to a single commercial real estate office loan. The commercial real estate segment faced headwinds from payoffs, impacting overall loan growth. Salaries and benefits expenses rose by 4%, reflecting staffing additions and performance-related compensation changes. The company recognized a $1.6 million provision for credit losses, indicating potential future credit risks. Q: Can you elaborate on the loan growth, particularly the contribution from the Commercial & Industrial (C&I) and Institutional Banking teams? A: Edward Handy, Chairman and CEO, explained that the Institutional Banking Group had a strong quarter, contributing significantly to the 2.4% increase in commercial loans. The growth is expected to continue, with a balance between Institutional Banking and Commercial Real Estate (CRE) loans. The third quarter might see more growth from CRE due to seasonal factors affecting the not-for-profit space. Q: Is the Institutional Banking Group's growth primarily driven by the not-for-profit sector? A: Yes, Edward Handy confirmed that the growth was largely educational in nature, with a focus on not-for-profit institutions. The third quarter is expected to be slower in this sector, with CRE likely leading growth. Q: How do you view the outlook for commercial real estate, given the headwinds from payoffs? A: Edward Handy noted that while payoffs were a headwind, the pipeline remains strong. With potential upward pressure on rates, payoff rates might slow, allowing for net growth in the real estate space in the third quarter. Q: What are the expectations for the net interest margin (NIM) in the coming quarters? A: Ronald Ohsberg, CFO, projected a NIM of 2.75% for Q3 and 2.80% for Q4, benefiting from the full impact of the swap termination and improvements in deposit mix. Q: Can you provide insights into the Wealth Management segment's performance and future trajectory? A: Ronald Ohsberg highlighted a record in assets under management for the quarter, with overall performance being strong. While specific net flows weren't disclosed, the outlook remains positive. Q: How are you managing deposit pricing trends amid competition? A: Ronald Ohsberg mentioned that most CDs and FHLB have repriced, and efforts are focused on improving deposit mix. The Institutional Banking team aims to self-fund a significant portion of their production, aiding in deposit growth. Q: What is the outlook for expenses in the second half of the year? A: Ronald Ohsberg expects a $1 million increase in Q3 expenses due to mortgage volume, new branches, and filling open positions, keeping expenses just under $39 million. Q: Can you provide more details on the C&I loan growth, particularly in the education sector? A: Edward Handy clarified that the growth was primarily in high-school-oriented not-for-profit institutions, with no current loans to colleges, although it remains a focus area. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Washington Trust Bancorp, Inc.? Here are five stocks we like better. Washington Trust Bancorp posted stronger second-quarter 2026 results, with net income rising to $16 million, or $0.83 per share, as higher net interest income and margin expansion boosted profitability. Loan and deposit growth were led by commercial banking, especially C&I lending from the institutional banking initiative, while deposits rose 4% sequentially and the loan-to-deposit ratio improved to 95.1%. Fee income also improved, with gains in wealth management and mortgage banking, while credit quality remained stable and the company continued investing in new branches and digital banking tools. Washington Trust Bancorp (NASDAQ:WASH) reported stronger second-quarter 2026 earnings as higher net interest income, margin expansion and growth in commercial lending helped lift profitability from the prior quarter. The Westerly, Rhode Island-based bank posted net income of $16 million, or $0.83 per share, for the quarter, up $3.4 million, or $0.17 per share, from the first quarter, Chief Financial Officer Ron Ohsberg said on the company’s earnings call. Pre-provision pretax net revenue rose 9% from the prior quarter and 23% from a year earlier. → Buyback Boom: These 3 Companies Are Betting Billions on Their Own Stocks Chairman and Chief Executive Officer Ned Handy said the company delivered “strong results” as disciplined execution drove higher profitability and loan and deposit growth. He pointed to the bank’s institutional banking initiative as a contributor to growth in commercial and industrial loans and deposits. Net interest income totaled $41.8 million in the second quarter, up 3% from the first quarter and 12% from the year-earlier period, Ohsberg said. The net interest margin was 2.73%, up 10 basis points from the prior quarter and 37 basis points year over year. → Cybersecurity Stocks Are Holding Up as the AI Trade Starts to Crack Ohsberg said the quarter benefited from the end of amortization tied to a deferred loss from a terminated hedge. The remaining deferred loss was fully amortized on May 1, eliminating that expense from the bank’s ongoing run rate. The second quarter included a two-month benefit of $1.4 million to net interest income, equal to nine basis points of margin. The third quarter is expected to capture an additional month of benefit, totaling about $700,000, or four basis points, compared with the second quarter. In response to analyst questions, Ohsberg said the company expects the margin to be about 2.75% in the third quarter and 2.80% in the fourth quarter. He said most certificates of deposit and Federal Home Loan Bank funding have repriced lower, though “there’s probably a little bit left to go.” He also said the institutional banking team is expected to self-fund about 35% of its production, which should help the deposit mix. → Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Total loans increased 2% from March 31, with total commercial loans up $63 million. Ohsberg said the increase was driven by growth in the commercial and industrial portfolio, mainly from the institutional banking team. Residential loans rose $13 million, while consumer loans increased $12 million. Commercial real estate had solid production in the quarter, but that was more than offset by payoffs, Ohsberg said. The commercial pipeline stood at approximately $143 million at quarter-end. Handy said commercial loans overall were up 2.4% and said the company expects that type of pace to continue in coming quarters. He reiterated that Washington Trust is targeting mid-single-digit overall loan growth for the year, led by the institutional banking group and C&I lending. During the question-and-answer session, Handy said the institutional banking growth in the quarter was largely education-related, focused on schools rather than colleges. He said the existing loans were to “very well-heeled” not-for-profit schools with strong deposit relationships and operations. While colleges are a focus and some are in the pipeline, Handy said none of the current volume in that category is to colleges. Deposits increased 4% from the end of the first quarter and 6% year over year. Wholesale funding declined $120 million, or 21%, from March 31. The loan-to-deposit ratio improved to 95.1% at June 30 from 96.9% at the end of the first quarter. Non-interest income rose $1.4 million, or 8%, from the first quarter and was up 9% year over year. Wealth management revenue increased $554,000, or 5%, from the prior quarter and $1.1 million, or 11%, from a year earlier. Ohsberg said the quarter included a $265,000 increase in transaction-based revenue, largely reflecting seasonal tax servicing fee income, while asset-based revenue increased $289,000 from the first quarter. Mortgage banking revenue totaled $3.5 million, up 14% from both the first quarter and the year-earlier quarter. The mortgage pipeline was $121 million at June 30, up $7 million, or 6%, from March 31. Asked about wealth management trends, Ohsberg said the company set a record in the quarter for wealth assets under management, though he said Washington Trust was not breaking out net flows. Salaries and benefits expense increased $972,000, or 4%, reflecting staffing additions in commercial and retail banking, as well as volume- and performance-related compensation changes. Other categories of non-interest expense decreased by a net $140,000 in the second quarter, Ohsberg said. Ohsberg told analysts the company expects third-quarter expenses to increase by about $1 million, citing mortgage volume, branch openings, open positions expected to be filled and timing of advertising expense. He said that would put third-quarter expenses just under $39 million. New branches are expected to add about $200,000 of expense in the third quarter and another $200,000 in the fourth quarter. Total equity was $554 million at quarter-end, up $7 million from the end of the first quarter. The company’s dividend remained $0.56 per share. Ohsberg said the effective tax rate was 21.2% in the second quarter and that the company expects its full-year 2026 rate to be approximately 21.5%. Ohsberg described asset and credit quality metrics as stable. Non-accruing loans were 78 basis points of total loans at June 30, down from 81 basis points at the end of the first quarter. Past-due loans rose to 81 basis points from 33 basis points, which Ohsberg attributed to a single commercial real estate office loan that had already been placed on non-accrual status in the prior quarter. He said the increase did not reflect further deterioration in portfolio credit quality during the quarter. The company recorded a $1.6 million provision for credit losses in the second quarter. The allowance for credit losses totaled $42.6 million, or 83 basis points of total loans. Handy also highlighted planned investments in the franchise. Washington Trust plans to open its 30th branch later this year in Bristol, Rhode Island, and is finalizing its new Pawtucket branch. The company is also targeting a fall rollout of an enhanced digital banking solution for small business customers. Handy said Washington Trust remains focused on disciplined growth, prudent risk management, customer service and long-term shareholder value. Washington Trust Bancorp, Inc is the bank holding company for The Washington Trust Company, a community bank headquartered in Westerly, Rhode Island. Through its subsidiary, the company operates a network of branch offices across Rhode Island and southeastern Connecticut, serving individuals, small businesses and municipalities with a full suite of financial services. The company's core business activities encompass retail and commercial banking, including checking and savings accounts, consumer and commercial loans, mortgage financing, and cash management solutions. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Washington Trust Bancorp Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Washington Trust Bancorp (WASH) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +9.21%. A quarter ago, it was expected that this holding company for The Washington Trust Co. would post earnings of $0.77 per share when it actually produced earnings of $0.66, delivering a surprise of -14.29%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Washington Trust, which belongs to the Zacks Banks - Northeast industry, posted revenues of $60.47 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.26%. This compares to year-ago revenues of $54.26 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Washington Trust shares have added about 23.9% since the beginning of the year versus the S&P 500's gain of 8.9%. While Washington Trust has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Washington Trust was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.82 on $61.29 million in revenues for the coming quarter and $3.07 on $240.76 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Byline Bancorp (BY), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 23. This bank holding company is expected to post quarterly earnings of $0.79 per share in its upcoming report, which represents a year-over-year change of +5.3%. The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level. Byline Bancorp's revenues are expected to be $115.9 million, up 4.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Washington Trust Bancorp, Inc. (WASH) : Free Stock Analysis Report Byline Bancorp, Inc. (BY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

WESTERLY, R.I., July 20, 2026 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH; "Washington Trust" or the "Corporation"), today reported second quarter 2026 net income of $16.0 million, or $0.83 per diluted share, up by $3.4 million, or $0.17 per diluted share, from the preceding quarter. Compared to the second quarter of 2025, net income was up by $2.7 million, or $0.15 per diluted share. "We are pleased with our second quarter performance, as strong execution across the company drove higher profitability, and solid loan and deposit growth," said Washington Trust Chairman and Chief Executive Officer Edward O. "Ned" Handy III. "The success of our institutional banking team was a key highlight of the quarter, helping drive growth in our commercial and industrial loan portfolio and also contributing meaningfully to overall deposits. Combined with our strong capital position, these results reinforce our confidence in the outlook for the remainder of 2026 and our ability to deliver sustainable, profitable growth." SECOND QUARTER HIGHLIGHTS (Q2 2026 vs. Q1 2026, unless otherwise noted): Returns on average equity and average assets were 11.61% and 0.99% for the second quarter. Net interest margin ("NIM") was 2.73%, up by 10 basis points. The provision for credit losses was $1.6 million for the second quarter. Wealth management revenues increased by 5%. Mortgage banking revenues were up by 14%. Loan balances were up by 2% from March 31, 2026. Deposits were up by 4% from March 31, 2026. Capital ratios remained strong, with a common equity tier 1 ratio of 11.89% at June 30, 2026. RESULTS OF OPERATIONS (Q2 2026 vs. Q1 2026, unless otherwise noted): Net Interest IncomeNet interest income was up by $1.3 million, or 3%, and NIM was up by 10 basis points. Compared to the second quarter of 2025, net interest income was up by $4.6 million, or 12%, and NIM was up by 37 basis points. As of May 1, 2026, the remaining deferred loss from a previously terminated cash flow hedge was fully amortized, eliminating this expense from the Bank's ongoing run rate. The second quarter reflected approximately two months of benefit from the cessation of this amortization, contributing $1.4 million to net interest income and 9 basis points to NIM. Beginning in third quarter, there will be no amortization expense and the Bank's results will reflect a permanent improvement to its earnings and margin run rate. Average interest-earning assets decreased by $95 million, and the yield was up by 4 basis points. Average interest-bearing liabilities decreased by $122 million, and the rate was down by 5 basis points. Noninterest IncomeNoninterest income was up by $1.4 million, or 8%. Compared to the second quarter of 2025, noninterest income was up by $1.6 million, or 9%. Wealth management revenues increased by $554 thousand, or 5%. This included an increase of $265 thousand in transaction-based revenues, which was concentrated in seasonal tax servicing fee income. Asset-based revenues were up by $289 thousand, or 3%. Compared to the second quarter of 2025, wealth management revenues increased by $1.1 million, or 11%. Mortgage banking revenues were up by $428 thousand, or 14%, largely driven by higher sales volume. Compared to the second quarter of 2025, mortgage banking revenues were also up by 14%. Loan related derivative income totaled $583 thousand, up by $356 thousand. Noninterest ExpenseNoninterest expense was up by $832 thousand, or 2%. Compared to the second quarter of 2025, noninterest expense was up by $2.1 million, or 6%. Salaries and employee benefits expense increased by $972 thousand, or 4%, reflecting staffing additions in our commercial and retail banking business lines, as well as volume- and performance-related compensation changes. Compared to the second quarter of 2025, salaries and employee benefits expense increased by $2.3 million, or 10%, reflecting annual merit and staffing increases, including the addition of resources in our commercial banking and wealth management business lines. All other categories of noninterest expenses decreased by a net $140 thousand. Compared to the second quarter of 2025, these were down by a net $220 thousand. Income TaxIncome tax expense was up by $824 thousand. The effective tax rate was 21.2%, compared to 21.6%. The Corporation expects its full-year 2026 effective tax rate to be approximately 21.5%. FINANCIAL CONDITION (Jun 30, 2026 vs. Mar 31, 2026, unless otherwise noted): Investment SecuritiesThe securities portfolio totaled $885 million, down by $27 million, or 3%, and remained at 14% of total assets. LoansTotal loans amounted to $5.1 billion, up by $88 million, or 2%. Commercial loans increased by $63 million, or 2%, driven by growth in the commercial & industrial loan portfolio, primarily from our institutional banking team. Residential real estate loans increased by $13 million, or 1%. Consumer loans increased by $12 million, or 4%. Deposits and BorrowingsTotal deposits amounted to $5.4 billion, and were up by $194 million, or 4%. Compared to June 30, 2025, deposits were up by $314 million, or 6%. There were no wholesale brokered deposits at June 30, 2026 or March 31, 2026, compared to $2 million at June 30, 2025. FHLB advances totaled $456 million, and were down by $120 million, or 21%. Compared to June 30, 2025, FHLB advances were down by $545 million, or 54%. Contingent liquidity amounted to $2.1 billion at June 30, 2026 and consisted of available cash, unencumbered securities, and unused collateralized borrowing capacity. Capital and DividendsTotal shareholders' equity was $553.5 million, up by $6.8 million, or 1%. The Board of Directors declared a quarterly dividend of 56 cents per share for the second quarter. The dividend was paid on July 10, 2026 to shareholders of record on July 1, 2026. Capital levels exceeded the regulatory minimum levels to be considered well capitalized, with a common equity tier 1 ratio of 11.89%, compared to 11.99%. Book value per share was $29.02, compared to $28.72. ASSET QUALITY (Jun 30, 2026 vs. Mar 31, 2026, unless otherwise noted):Nonaccrual loans were $39.8 million, or 0.78% of total loans, down from $40.4 million, or 0.81%. Past due loans were $41.4 million, or 0.81% of total loans, up from $16.4 million, or 0.33%. The increase was attributable to a single commercial real estate office loan that had already been placed on nonaccrual status in the preceding quarter and did not reflect broader deterioration in portfolio credit quality during the quarter. The provision for credit losses totaled $1.6 million in the second quarter, compared to $4.0 million in the prior quarter. The second quarter provision provided for loan growth and an increase in specific reserves. The Corporation recorded $55 thousand of net charge-offs in the second quarter, compared to $10 thousand of net charge-offs in the preceding quarter. The allowance for credit losses ("ACL") on loans amounted to $42.6 million, or 0.83% of total loans, compared to $41.1 million, or 0.82%. Conference CallWashington Trust will host a conference call to discuss its second quarter results, business highlights, and outlook on July 21, 2026, at 8:30 a.m. (Eastern Time). Individuals may dial in to the call at 1-833-461-5787 and enter Meeting ID 369767940. A replay of the call will be available on Washington Trust's investor relations website, https://ir.washtrust.com, in the events section under "Q2 - 2026 Washington Trust Bancorp, Inc. Earnings Conference Call Webcast". BackgroundWashington Trust Bancorp, Inc. is the parent of The Washington Trust Company. Founded in 1800, Washington Trust is the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast's premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking, and wealth management and trust services through its offices located in Rhode Island, Connecticut, and Massachusetts. The Corporation's common stock trades on NASDAQ under the symbol WASH. Investor information is available on the Corporation's website at https://ir.washtrust.com. Forward-Looking StatementsThis press release contains statements that are "forward-looking statements." We may also make forward-looking statements in other documents we file with the U.S. Securities and Exchange Commission ("SEC"), in our annual reports to shareholders, in press releases and other written materials, and in oral statements made by our officers, directors, or employees. You can identify forward-looking statements by the use of the words "believe," "expect," "anticipate," "intend," "estimate," "assume," "outlook," "will," "should," and other expressions that predict or indicate future events and trends and which do not relate to historical matters. You should not rely on forward-looking statements, because they involve known and unknown risks, uncertainties, and other factors, some of which are beyond our control. These risks, uncertainties, and other factors may cause our actual results, performance, or achievements to be materially different from the anticipated future results, performance, or achievements expressed or implied by the forward-looking statements. Some of the factors that might cause these differences include the following: changes in general business and economic conditions (including the impact of ongoing armed conflicts, tariffs, inflation, future U.S government shutdowns, and concerns about liquidity) on a national basis and in the local markets in which we operate; interest rate changes or volatility, as well as changes in the balance and mix of loans and deposits; changes in customer behavior due to political, business and economic conditions; changes in loan demand and collectability; the possibility that future credit losses are higher than currently expected due to changes in economic assumptions or adverse economic developments; ongoing volatility in national and international financial markets; reductions in the market value or outflows of wealth management assets under administration; decreases in the value of securities and other assets; increases in defaults and charge-off rates; changes in the size and nature of our competition; changes in, and evolving interpretations of, existing and future laws, rules and regulations; changes in accounting principles, policies and guidelines; operational risks including, but not limited to, changes in information technology, cybersecurity incidents, fraud, natural disasters, war, terrorism, civil unrest and future pandemics; regulatory, litigation and reputational risks; and changes in the assumptions used in making such forward-looking statements. In addition, the factors described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as updated by our Quarterly Reports on Form 10-Q and other filings submitted to the SEC, may result in these differences. You should carefully review all of these factors, and you should be aware that there may be other factors that could cause these differences. The forward-looking statements in this report were based on information, plans, and estimates at the date of this report, and we assume no obligation to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes. Supplemental Information - Explanation of Non-GAAP Financial MeasuresIn addition to results presented in accordance with generally accepted accounting principles ("GAAP"), this press release contains certain non-GAAP financial measures. Washington Trust's management believes that the supplemental non-GAAP information, such as adjusted noninterest income, adjusted noninterest expense, adjusted income before income taxes, adjusted income tax expense, adjusted net income, adjusted diluted earnings per common share, adjusted return on average assets, adjusted return on average equity, and adjusted efficiency ratio, as well as measurements and ratios based on tangible equity and tangible assets, is utilized by regulators and market analysts to evaluate a company's financial condition and therefore, such information is useful to investors. These disclosures should not be viewed as a substitute for financial results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures, which may be presented by other companies. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures having the same or similar names. Tier 1 risk-based capital 12.36 %12.46 %12.17 %(10) bps19 bpsTotal risk-based capital 13.28 %13.38 %13.06 %(10) bps22 bpsTier 1 leverage ratio9.02 %8.80 %8.66 %22 bps36 bpsCommon equity tier 111.89 %11.99 %11.71 %(10) bps18 bpsBalance Sheet Ratios:Equity to assets8.45 %8.47 %7.82 %(2) bps63 bpsTangible equity to tangible assets (non-GAAP) (1)7.49 %7.49 %6.90 %— bps59 bpsLoans to deposits (3)95.1 %96.9 %101.8 %(180) bps(670) bps Category: Earnings View original content to download multimedia:https://www.prnewswire.com/news-releases/washington-trust-reports-second-quarter-2026-results-302829845.html

The upcoming report from Washington Trust Bancorp (WASH) is expected to reveal quarterly earnings of $0.76 per share, indicating an increase of 11.8% compared to the year-ago period. Analysts forecast revenues of $59.71 million, representing an increase of 10% year over year. The current level reflects a downward revision of 1.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock. While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective. With that in mind, let's delve into the average projections of some Washington Trust metrics that are commonly tracked and projected by analysts on Wall Street. Based on the collective assessment of analysts, 'Efficiency Ratio' should arrive at 64.9%. The estimate is in contrast to the year-ago figure of 67.3%. The consensus estimate for 'Total noninterest income' stands at $17.80 million. The estimate compares to the year-ago value of $17.08 million. The average prediction of analysts places 'Net Interest Income' at $41.92 million. Compared to the current estimate, the company reported $37.19 million in the same quarter of the previous year. View all Key Company Metrics for Washington Trust here>>> Over the past month, Washington Trust shares have recorded returns of +1.9% versus the Zacks S&P 500 composite's +1.6% change. Based on its Zacks Rank #4 (Sell), WASH will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Washington Trust Bancorp, Inc. (WASH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Washington Trust Bancorp (WASH) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 20. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This holding company for The Washington Trust Co. is expected to post quarterly earnings of $0.76 per share in its upcoming report, which represents a year-over-year change of +11.8%. Revenues are expected to be $59.71 million, up 10% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.21% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Washington Trust, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.18%. On the other hand, the stock currently carries a Zacks Rank of #4. So, this combination makes it difficult to conclusively predict that Washington Trust will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Washington Trust would post earnings of $0.77 per share when it actually produced earnings of $0.66, delivering a surprise of -14.29%. Over the last four quarters, the company has beaten consensus EPS estimates three times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Washington Trust doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Among the stocks in the Zacks Banks - Northeast industry, Webster Financial (WBS), is soon expected to post earnings of $1.61 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +5.9%. This quarter's revenue is expected to be $749.32 million, up 4.7% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Webster Financial has been revised 0.1% up to the current level. Nevertheless, the company now has an Earnings ESP of +3.46%, reflecting a higher Most Accurate Estimate. When combined with a Zacks Rank of #2 (Buy), this Earnings ESP indicates that Webster Financial will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Washington Trust Bancorp, Inc. (WASH) : Free Stock Analysis Report Webster Financial Corporation (WBS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research