Lumida
/WASH
⌘K
Washington Trust Bancorp Inc

Washington Trust Bancorp Inc

WASH
$36.62USD↓-2.27%-0.85 today

MARKET CAP

698.2M

P/E (TTM)

13.4x

FWD P/E

10.6x

DAY RANGE

$36 – $37

52W RANGE

$25
$38

AI Summary

Stalk
StalkMedium

WASH remains in a Stage 2 corrective reset within its broader uptrend, maintaining a medium-term bullish bias. However, the primary Bullish Exhaustion pattern signals weakening upside momentum, and price has been rejected at rising short-term EMAs. We defer bullish engagement until pullbacks into the EMA zone are absorbed.

  • ↑Q1 net income $12.6M (66¢/share) shows resilience amid economic challenges
  • ↑Net interest income $40.5M (+11% YoY); NIM expected to rise to ~2.63%
  • ↓Provision for credit losses jumped to $4M due to two CRE loans moving non-accrual
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Washington Trust Bancorp, Inc. (NASDAQ: WASH) is a prominent community bank headquartered in the Northeastern United States, primarily serving the New England region. The bank provides a range of financial services, including commercial banking, residential lending, wealth management, and mortgage banking. Washington Trust has positioned itself as a customer-centric institution leveraging both traditional banking values and modern technology to strengthen local relationships and enhance operational efficiency.

Bull says

  • ↑Q1 net income $12.6M (66¢/share) shows resilience amid economic challenges
  • ↑Net interest income $40.5M (+11% YoY); NIM expected to rise to ~2.63%
  • ↑Dividend yield of 6.24% highlights strong capital return policy
  • ↑Opened 30th branch in Bristol, RI to deepen New England market reach
  • ↑Management targeting mid-single-digit growth from core C&I and institutional lending
  • ↑High earnings yield and strong book-to-price ratio suggest valuation upside

Bear says

  • ↓Provision for credit losses jumped to $4M due to two CRE loans moving non-accrual
  • ↓Total loans fell 2% QoQ, pointing to soft commercial lending demand
  • ↓Weak profitability factors and negative growth momentum pressure margins
  • ↓Operating expenses set to rise ~6%, potentially compressing net income
  • ↓High short interest and low institutional ownership signal bearish sentiment
  • ↓Smaller scale versus larger peers limits market share expansion

Investment themes with WASH

Regional Banks↑ +0.50%

FLG · TCBI · ZION

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-23-2026neutral

Transcript signals

Bull points

  • Q1 included 116,000 of loan prepayment fee income, which benefited NIM by one basis point compared to 516,000 or three basis points last quarter.
  • Mortgage banking revenues were 3 million seasonally down 6% and we're up by 32% year over year. Our mortgage pipeline at March 31st was $114 million, up by $33 million or 41% from the end of December.
  • quarterly performance was driven by continued net interest margin expansion, reflecting the underlying strength of our core banking business and continued benefits from our December 2024 balance sheet repositioning transactions.

Bear points

  • Net income in the first quarter was $12.6 million, or 66 cents per share, compared to $16 million, or 83 cents per share, last quarter.
  • PPNR was down 6% from Q4 and up by 23% year-over-year on an adjusted basis.
  • Non-interest income was down 1.2 million or 6% compared to Q4 and up by 11% year over year on an adjusted basis.
Read full transcript analysis ›