Washington Trust Bancorp (WASH)
NASDAQ:WASH
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Earnings Data
Report Date
Jul 27, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.77Last Year’s EPS
0.68Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of positive operating and strategic developments (margin expansion, year-over-year revenue gains, mortgage pipeline growth, digital conversion, new commercial and institutional banking talent, and strong capital) alongside notable near-term credit and revenue headwinds (two CRE office loans moved to nonaccrual triggering a $4 million provision, QoQ net income decline, commercial loan payoffs, and some noninterest income pressure). Management provided forward-looking mitigants including swap-related NIM tailwinds, targeted loan growth from C&I and institutional banking, and continued portfolio de-risking. Overall, the positives and negatives are balanced, with the firm emphasizing that the CRE issues are contained and being actively managed while executing on strategic investments.Company Guidance
Net Interest Margin Expansion
NIM improved to 2.63%, up 7 basis points quarter-over-quarter and up 34 basis points year-over-year, reflecting margin expansion from core banking and balance sheet repositioning.
Net Interest Income and PPNR Year-over-Year Growth
Net interest income was $40.5 million (down 1% QoQ but up 11% YoY). Pre-provision pre-tax net revenue (PPNR) was down 6% from Q4 but increased 23% year-over-year on an adjusted basis.
Mortgage Banking Strength and Growing Pipeline
Mortgage banking revenues were $3.0 million, seasonally down 6% QoQ but up 32% YoY. Mortgage pipeline increased to $114 million, up $33 million or +41% from December 31.
Digital Conversion and Talent Additions
Completed digital banking conversion for personal accounts (improved security and CX) with business account conversion ongoing; added experienced commercial bankers and an institutional banking team (added in January) that is showing strong momentum to drive future loan and deposit growth.
Capital Position and Expense Control
Management reports strong capital ratios and noninterest expense of $37.8 million was down 1% QoQ. The allowance for credit losses totaled $41.1 million (82 bps).
Office Exposure Reduced from Peak
Management noted office exposure has declined from a peak of about $300 million to roughly $230 million, indicating active portfolio reduction and repositioning.
NIM Tailwinds Identified
Management expects swap termination to add approximately 9 basis points to NIM in Q2 and another ~4 basis points in Q3, supporting modest margin expansion through the year.
Loan Growth Guidance
Company reiterated mid-single-digit loan growth target for 2026, expecting high-single-digit growth in core C&I and $50+ million in institutional bank fundings in the near term.
WASH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WASH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 20, 2026 | $36.10 | $30.00 | -16.90% |
Jan 28, 2026 | $29.68 | $33.45 | +12.69% |
Oct 20, 2025 | $25.89 | $26.57 | +2.65% |
Jul 21, 2025 | $27.52 | $26.87 | -2.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Washington Trust Bancorp (WASH) report earnings?
Washington Trust Bancorp (WASH) is schdueled to report earning on Jul 27, 2026, After Close (Confirmed).
What is Washington Trust Bancorp (WASH) earnings time?
Washington Trust Bancorp (WASH) earnings time is at Jul 27, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WASH EPS forecast?
WASH EPS forecast for the fiscal quarter 2026 (Q2) is 0.77.