Washington Trust reported FY 2025 net income of USD 52.2 million, compared with a net loss in FY 2024, as net interest income rose to USD 153.2 million (+19%) and total revenues reached USD 229.0 million (+128%). FY 2025 noninterest income was USD 75.9 million, reflecting USD 7.0 million of pre-tax net gains from sale-leaseback transactions for five branch properties, while FY 2025 noninterest expense totaled USD 152.4 million and included a USD 6.4 million pre-tax non-cash pension plan settlement charge tied to the termination of the qualified pension plan. Provision for credit losses was USD 9.2 million, and the effective tax rate was 22.5%. Diluted EPS was USD 2.71, with cash dividends declared of USD 2.24 per share and a dividend payout ratio of 82.7%. The bank said it plans to open a new full-service branch in Pawtucket, Rhode Island in the latter half of 2026, and noted that its registered investment adviser subsidiary acquired client advisory contracts from Lighthouse on July 31, 2025, adding USD 195.4 million of assets under administration.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000737468-26-000034), on February 24, 2026, and is solely responsible for the information contained therein.