v3.26.3
Business Segments (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Statement of Operations and Total Assets by Reportable Segment
The following tables present the components of net income, as well as other supplemental information for Washington Trust’s reportable business segments:
(Dollars in thousands)BankingWealth Management ServicesConsolidated Total
Three months ended September 30, 202620252026202520262025
Total interest and dividend income$78,405 $80,945 $— $— $78,405 $80,945 
Total interest expense33,713 42,112 — — 33,713 42,112 
Net interest income44,692 38,833 — — 44,692 38,833 
Provision for credit losses1,800 6,800 — — 1,800 6,800 
Net interest income after provision for credit losses42,892 32,033 — — 42,892 32,033 
Noninterest income8,915 7,115 11,350 10,521 20,265 17,636 
Noninterest expenses:
Salaries and employee benefits19,795 17,246 5,329 5,428 25,124 22,674 
Outsourced services3,888 3,540 717 580 4,605 4,120 
Net occupancy2,519 2,512 214 179 2,733 2,691 
Equipment876 854 54 63 930 917 
Legal, audit and professional fees716 603 86 116 802 719 
FDIC deposit insurance costs
794 1,055 — — 794 1,055 
Advertising and promotion598 637 105 126 703 763 
Amortization of intangibles— — 155 200 155 200 
Other expenses2,332 2,237 619 350 2,951 2,587 
Total noninterest expenses31,518 28,684 7,279 7,042 38,797 35,726 
Income before income taxes20,289 10,464 4,071 3,479 24,360 13,943 
Income tax expense4,060 2,254 919 843 4,979 3,097 
Net income$16,229 $8,210 $3,152 $2,636 $19,381 $10,846 
Supplemental Information:
Total assets at period end$6,473,811 $6,655,634 $64,680 $62,287 $6,538,491 $6,717,921 
Expenditures for long-lived assets2,483 423 182 9 2,665 432 
Depreciation expense (1)
749 772 69 80 818 852 
(1)Included in net occupancy and equipment expenses in the table above.
(Dollars in thousands)BankingWealth Management ServicesConsolidated Total
Nine months ended September 30, 202620252026202520262025
Total interest and dividend income$228,556 $239,254 $— $— $228,556 $239,254 
Total interest expense101,536 126,814 — — 101,536 126,814 
Net interest income127,020 112,440 — — 127,020 112,440 
Provision for credit losses7,400 8,600 — — 7,400 8,600 
Net interest income after provision for credit losses119,620 103,840 — — 119,620 103,840 
Noninterest income 22,595 26,470 33,635 30,887 56,230 57,357 
Noninterest expenses:
Salaries and employee benefits58,335 51,659 16,441 16,462 74,776 68,121 
Outsourced services11,074 10,179 2,180 2,691 13,254 12,870 
Net occupancy7,693 7,376 665 718 8,358 8,094 
Equipment2,549 2,524 171 214 2,720 2,738 
Legal, audit and professional fees1,956 1,655 606 540 2,562 2,195 
FDIC deposit insurance costs
2,681 3,552 — — 2,681 3,552 
Advertising and promotion1,714 1,586 307 304 2,021 1,890 
Amortization of intangibles— — 466 607 466 607 
Other expenses6,618 11,211 1,703 3,174 8,321 14,385 
Total noninterest expenses92,620 89,742 22,539 24,710 115,159 114,452 
Income before income taxes49,595 40,568 11,096 6,177 60,691 46,745 
Income tax expense10,220 8,884 2,509 1,591 12,729 10,475 
Net income$39,375 $31,684 $8,587 $4,586 $47,962 $36,270 
Total assets at period end$6,473,811 $6,655,634 $64,680 $62,287 $6,538,491 $6,717,921 
Expenditures for long-lived assets4,708 811 348 22 5,056 833 
Depreciation expense (1)
2,230 2,370 210 253 2,440 2,623 
(1)Included in net occupancy and equipment expenses in the table above.