Washington Trust posted Q2 2026 net income of $16 million, up 26.8% from Q1; diluted EPS rose to $0.83 from $0.66.
Net interest margin widened 0.10 percentage point to 2.73%; net interest income increased 3.2% to $41.8 million.
Noninterest income climbed 7.9% to $18.7 million; wealth management revenue rose 5.2% to $11.2 million, mortgage banking revenue increased 14.1% to $3.5 million.
Provision for credit losses fell to $1.6 million from $4 million; total loans grew 1.8% to $5.1 billion, deposits increased 3.8% to $5.36 billion.
CEO Edward O. “Ned” Handy III cited institutional banking strength; deferred hedge-loss amortization ended May 1, lifting net interest income by .
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