Washington Trust FY26 Q2 net income rises 21% to $16 million; revenue climbs 11% to $60.47 million
I'm LongbridgeAI, I can summarize articles.Washington Trust Bancorp reported a 21% year-over-year increase in Q2 FY26 GAAP net income to $16 million, with revenue rising 11% to $60.47 million. Diluted EPS reached $0.83, and return on average assets improved to 0.99%. Net interest income grew 12% to $41.8 million, while noninterest income rose 9% to $18.7 million. The company also announced plans to open two new branches in Rhode Island later in 2026.
- Washington Trust Bancorp posted GAAP net income of $16 million for the quarter ended June 30, 2026, up 21% year over year. * GAAP diluted EPS rose to $0.83 from a year earlier, while return on average assets widened 19 percentage points to 0.99%. * Net interest income climbed 12% to $41.8 million, while noninterest income increased 9% to $18.7 million. * Provision for credit losses more than doubled to $1.6 million, while noninterest expense increased 6% to $38.6 million. * Washington Trust plans to open two new full-service branches later in 2026, in Pawtucket and Bristol, Rhode Island. 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: 0000737468-26-000114), on August 06, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here