Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans consists of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. This segment also offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits, as well as debit card, automated teller machine, telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services. The Wealth Management Services segment provides investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services comprising custody and fiduciary services. This segment serves personal and institutional clients. The company also operates as a licensed broker-dealer that offers variable annuities and college savings plans. As of December 31, 2020, it had 10 branch offices located in southern Rhode Island; 12 branch offices located in the greater Providence area in Rhode Island; and 1 branch office located in southeastern Connecticut. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.
IPO Year:
Exchange: NASDAQ
Website: washtrust.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/28/2025 | $28.00 | Neutral | BofA Securities |
| 3/14/2025 | $36.00 | Neutral → Buy | Seaport Research Partners |
| 10/22/2024 | $30.00 → $34.00 | Underweight → Neutral | Piper Sandler |
| 1/31/2024 | Buy → Neutral | Seaport Research Partners | |
| 9/12/2023 | $34.00 | Buy | Seaport Research Partners |
| 5/15/2023 | $27.00 → $26.00 | Underweight → Neutral | Piper Sandler |
| 4/24/2023 | Neutral → Underweight | Piper Sandler | |
| 10/26/2022 | $60.00 → $49.00 | Buy → Neutral | Compass Point |
| 4/7/2022 | $62.00 → $56.00 | Overweight → Neutral | Piper Sandler |
| 7/8/2021 | $58.00 | Neutral → Overweight | Piper Sandler |
Unveils Anniversary Logo, Community Checking Campaign, and Special Events WESTERLY, R.I., May 29, 2025 /PRNewswire/ -- Washington Trust ("the Bank"), founded in Rhode Island and recognized as the nation's oldest community bank, is proud to announce the celebration of its 225th birthday in 2025. August 22, 2025 will mark more than two centuries of service, trust, and commitment to its communities throughout Rhode Island, Connecticut, and Massachusetts. "As we mark this milestone, we recognize the privilege of celebrating 225 years of serving our customers and communities," said
WESTERLY, R.I., May 8, 2025 /PRNewswire/ -- The Washington Trust Company recently appointed three banking professionals to a newly-formed retail banking business development team. The Business Banking Relationship Officers will work closely with Washington Trust's retail branch network, to deliver holistic, relationship-driven solutions to businesses across the Bank's footprint. Their focus is to uncover opportunities, understand the unique financial needs of local businesses, and provide tailored guidance and support. Michelle Kile, Executive Vice President and Chief Retail B
Limited time promotion offers a low fixed rate for an 18-month intro period WESTERLY, R.I., May 2, 2025 /PRNewswire/ -- Washington Trust launched a new Home Equity Line of Credit product today, to help homeowners with home improvement projects, debt consolidation, and other expenses. Customers can lock in a low introductory 5.99% Annual Percentage Rate (APR) for an initial period of 18 months. Home Equity Lines of Credit allow customers to borrow what they need when they need it, pay it off, and then borrow again during the life of the line. It's ideal for when costs and timing vary on expenses such as a major home renovation.
WESTERLY, R.I., April 28, 2025 /PRNewswire/ -- The Washington Trust Company will host free Community Shred Days at several branch locations throughout Rhode Island on Saturday, June 7th and Saturday, June 14th. All events will take place from 10 a.m. to 12 p.m. Washington Trust customers and community members are welcome to take part in the events. All paper products that may contain sensitive or personal information will be accepted, as will DVDs, CDs, cassette tapes, and floppy discs that have been removed from their case. Staples, rubber bands, folders and paper clips do NO
WESTERLY, R.I., April 21, 2025 /PRNewswire/ -- Washington Trust Bancorp, Inc. (the "Corporation") (NASDAQ:WASH), parent company of The Washington Trust Company (the "Bank"), today reported first quarter 2025 net income of $12.2 million, or $0.63 per diluted share. In the first quarter of 2025, sales leaseback transactions were completed for five branch locations and a pre-tax net gain on the sale of the bank-owned properties totaling $7.0 million was recognized within noninterest income. Additionally, in connection with the termination of the Corporation's qualified pension p
Equivalent of More Than 4.2 tons of Peanut Butter Collected WESTERLY, R.I., April 16, 2025 /PRNewswire/ -- Washington Trust ("the Bank") today announced their 25th Annual Peanut Butter Drive collected 4,710 jars of peanut butter, and more than $6,100 in monetary donations, to benefit partner food banks and hunger relief agencies throughout the Bank's footprint - a 68% increase in donations from last year. In 2001, the Peanut Butter Drive was created as a meaningful way to restock food pantry shelves following the holiday season, providing a healthy, family-friendly staple love
WESTERLY, R.I., April 10, 2025 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), the publicly owned holding company of The Washington Trust Company, will release first quarter 2025 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Monday, April 21, 2025, 8:00 a.m. ET Conference Call: Monday, April 21, 2025, 10:00 a.m. ET Participant Dial In: 1-833-470-1428 (Toll-Free) International Dial In: Global Dial-In Numbers Access Code: 572620 Webcast: W
WESTERLY, R.I., March 20, 2025 /PRNewswire/ -- The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ:WASH), today declared a quarterly dividend of 56 cents per share for the quarter ending March 31, 2025. The dividend will be paid April 11, 2025 to shareholders of record on April 1, 2025. ABOUT WASHINGTON TRUST BANCORP, INC.Washington Trust Bancorp, Inc. ("the Corporation), NASDAQ: WASH, is the publicly-owned holding company of The Washington Trust Company ("Washington Trust", "the Bank"), with $6.9 billion in assets as of December 31, 2024. Founded in 1800, Washi
WESTERLY, R.I., March 3, 2025 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), the bank holding company for The Washington Trust Company, today announced that its 2025 Annual Meeting of Shareholders will be held virtually on April 22, 2025, at 11:00 a.m. ET. Shareholders of record, as of the close of business on February 25, 2025, are entitled to attend and vote at the Annual Meeting. Additional information regarding the Annual Meeting will be provided in the Company's proxy statement. ABOUT WASHINGTON TRUST BANCORP, INC.Washington Trust Bancorp, Inc. ("the Corpor
WESTERLY, R.I., Feb. 6, 2025 /PRNewswire/ -- Washington Trust employees recently built and donated 35 "Welcome Home Kits" to benefit Crossroads Rhode Island clients who are transitioning from homelessness to stable housing. The kits, valued at more than $4,000, contain personal care items and basic household supplies, and are presented to clients to help them get settled into their new apartments. More than 100 Washington Trust employees participated in the collection drive and kit assembly effort, including Chairman and Chief Executive Officer, Edward O. "Ned" Handy III, and
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BofA Securities initiated coverage of Washington Trust with a rating of Neutral and set a new price target of $28.00
Seaport Research Partners upgraded Washington Trust from Neutral to Buy and set a new price target of $36.00
Piper Sandler upgraded Washington Trust from Underweight to Neutral and set a new price target of $34.00 from $30.00 previously
Seaport Research Partners downgraded Washington Trust from Buy to Neutral
Seaport Research Partners initiated coverage of Washington Trust with a rating of Buy and set a new price target of $34.00
Piper Sandler upgraded Washington Trust from Underweight to Neutral and set a new price target of $26.00 from $27.00 previously
Piper Sandler downgraded Washington Trust from Neutral to Underweight
Compass Point downgraded Washington Trust from Buy to Neutral and set a new price target of $49.00 from $60.00 previously
Piper Sandler downgraded Washington Trust from Overweight to Neutral and set a new price target of $56.00 from $62.00 previously
Piper Sandler upgraded Washington Trust Bancorp from Neutral to Overweight and set a new price target of $58.00
WESTERLY, R.I., Nov. 14, 2024 /PRNewswire/ -- Washington Trust today announced that Michelle Kile has been appointed Executive Vice President and Chief Retail Banking Officer. Kile is responsible for the retail sales and customer service through Washington Trust's 28 retail branch offices, Customer Solutions Center, and digital banking services. "Michelle joins us with 20 years of experience in Retail Banking delivery from several New England financial institutions," stated Edward O. "Ned" Handy III, Washington Trust Chairman and Chief Executive Officer. "We're excited to have
WESTERLY, R.I., July 24, 2024 /PRNewswire/ -- Washington Trust ("the Bank") today announced Anthony A. Botelho, Executive Vice President, has been appointed Chief Lending Officer and assumed responsibility for the Bank's Commercial and Industrial Lending, Commercial Real Estate Lending, Business Banking and Cash Management groups. Botelho has more than 35 years of banking experience, having joined Washington Trust in 2021 from Freedom National Bank, where he served as President and CEO before that financial institution was acquired. Botelho holds an MBA from Bryant University
Charitable Foundation Donates $6,000 to Local Non-Profits in Their Honor WESTERLY, R.I., March 27, 2024 /PRNewswire/ -- Washington Trust recently recognized six employees for their exceptional leadership, teamwork, and community service during the company's annual Employee Fest. To celebrate the employees, the Washington Trust Charitable Foundation made donations totaling $6,000 to local nonprofit organizations chosen by the award winners. "We are proud to honor these outstanding employees for their extraordinary service," said Edward O. "Ned" Handy III, Chairman & CEO. "Washi
WESTERLY, R.I., Feb. 12, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), announced the appointment of Debra M. Paul and Angel Taveras, Esq. to the Board of Directors (the "Board") of Washington Trust Bancorp, Inc. (the "Corporation") and its subsidiary bank, The Washington Trust Company, effective March 1, 2024. Ms. Paul, a former certified public accountant, has proven leadership, accounting, and auditing experience. She most recently served as Chief Executive Officer ("CEO") of Fellowship Health Resources, Inc. ("FHR"), a subsidiary of Elwyn. After retirin
Bank Celebrates Fifth Consecutive Year of this Honor WESTERLY, R.I., Nov. 20, 2023 /PRNewswire/ -- The Washington Trust Company was today named one of the nation's Best Banks to Work For by American Banker magazine as part of its annual list organized by the Best Companies Group. Washington Trust is the largest bank in New England to receive this recognition. "Washington Trust is honored to be selected for the fifth consecutive year as one of the country's 'Best Banks to Work For," said Edward O. "Ned" Handy III, Washington Trust's Chairman and Chief Executive Officer. "This a
WESTERLY, R.I., April 26, 2023 /PRNewswire/ -- The Washington Trust Company today announced Rolando Lora has been appointed Executive Vice President and Chief Retail Lending Officer. He is responsible for overseeing mortgage origination, mortgage operations, secondary marketing, and consumer lending activities throughout the Bank's market area. "We're excited to have Rolando join our executive team and lead our retail lending division's continued strategic market share growth and expansion," stated Edward O. "Ned" Handy III, Washington Trust Chairman and Chief Executive Office
WESTERLY, R.I., Feb. 1, 2022 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), On January 26, 2022, the Board of Directors (the "Board") of Washington Trust Bancorp, Inc. (the "Corporation"), the bank holding company for The Washington Trust Company, announced Joseph P. Gencarella, former Audit Partner of KPMG LLP, and Alimamy D. ("Junior") Jabbie, Jr., Owner, President, and CEO of Banneker Supply Chain Solutions, Inc., were elected to boards of the Corporation and its subsidiary bank, The Washington Trust Company, effective March 1, 2022. Mr. Gencarella, CPA,
BOCA RATON, Fla., Aug. 09, 2021 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ:RDVT), a leading analytics and information solutions provider, today announced the appointment of Lisa Stanton as an independent director of red violet's Board of Directors, effective immediately. Commenting on the new director appointment, Derek Dubner, red violet's Chairman and CEO, said, "We are delighted to welcome Lisa to the Board. Lisa brings a wealth of knowledge and experience to our board in the areas of FinTech, identity, and security, which will serve the company well in the continued execution of its roadmap to being ‘all things identity.'" Lisa Stanton brings extensive business leadership e
BOSTON, April 29, 2021 (GLOBE NEWSWIRE) -- Flywire Corporation (Flywire), a global payments enablement and software company, today appointed Edwin J. Santos to its Board of Directors as Chair of the Audit Committee, effective immediately. Santos has spent his entire career in the financial services industry, with unique expertise in audit and risk management. Most recently, he was Group Executive Vice President and General Auditor for Citizens Financial Group, a $129-billion multi-state bank holding company. Previously, he held leadership positions with FleetBoston Financial Group, including his role as Chief Auditor for FleetBoston Financial Group's global operations, overseeing approxim
WESTERLY, R.I., Dec. 1, 2020 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH) today announced that the Corporation's Board of Directors adopted a stock repurchase program ("Stock Repurchase Program"), which authorizes the repurchase of up to 850,000 shares, or approximately 5%, of the Corporation's common stock. This authority may be exercised from time to time and in such amounts as market conditions warrant, and subject to regulatory considerations. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. The Sto
WESTERLY, R.I., April 21, 2025 /PRNewswire/ -- Washington Trust Bancorp, Inc. (the "Corporation") (NASDAQ:WASH), parent company of The Washington Trust Company (the "Bank"), today reported first quarter 2025 net income of $12.2 million, or $0.63 per diluted share. In the first quarter of 2025, sales leaseback transactions were completed for five branch locations and a pre-tax net gain on the sale of the bank-owned properties totaling $7.0 million was recognized within noninterest income. Additionally, in connection with the termination of the Corporation's qualified pension p
WESTERLY, R.I., April 10, 2025 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), the publicly owned holding company of The Washington Trust Company, will release first quarter 2025 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Monday, April 21, 2025, 8:00 a.m. ET Conference Call: Monday, April 21, 2025, 10:00 a.m. ET Participant Dial In: 1-833-470-1428 (Toll-Free) International Dial In: Global Dial-In Numbers Access Code: 572620 Webcast: W
WESTERLY, R.I., March 20, 2025 /PRNewswire/ -- The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ:WASH), today declared a quarterly dividend of 56 cents per share for the quarter ending March 31, 2025. The dividend will be paid April 11, 2025 to shareholders of record on April 1, 2025. ABOUT WASHINGTON TRUST BANCORP, INC.Washington Trust Bancorp, Inc. ("the Corporation), NASDAQ: WASH, is the publicly-owned holding company of The Washington Trust Company ("Washington Trust", "the Bank"), with $6.9 billion in assets as of December 31, 2024. Founded in 1800, Washi
WESTERLY, R.I., Jan. 16, 2025 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), the publicly owned holding company of The Washington Trust Company, will release fourth quarter 2024 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Wednesday, January 29, 2025, After Market Closes Conference Call: Thursday, January 30, 2025, 8:30 a.m. ET Participant Dial In: 1-833-470-1428 (Toll-Free) International Dial In: Global Dial-In Numbers Access Code: 731757 Webcast: Washington Trust Bancorp's website, https://ir.washtrust.com
WESTERLY, R.I., Dec. 19, 2024 /PRNewswire/ -- The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ:WASH), today declared a quarterly dividend of 56 cents per share for the quarter ending December 31, 2024. The dividend will be paid January 15, 2025 to shareholders of record on January 2, 2025. ABOUT WASHINGTON TRUST BANCORP, INC.Washington Trust Bancorp, Inc. ("the Corporation), NASDAQ: WASH, is the publicly-owned holding company of The Washington Trust Company ("Washington Trust", "the Bank"), with $7.1 billion in assets as of September 30, 2024. Founded in 1800,
WESTERLY, R.I., Oct. 21, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), parent company of The Washington Trust Company, today announced third quarter 2024 net income of $11.0 million, or $0.64 per diluted share, compared to net income of $10.8 million, or $0.63 per diluted share, for the second quarter of 2024. "Washington Trust's third quarter results remained steady, demonstrating the strength of our diversified business model, and commitment to our customers," stated Edward O. Handy III, Washington Trust Chairman and Chief Executive Officer. "We continue
WESTERLY, R.I., Oct. 8, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), the publicly-owned holding company of The Washington Trust Company, will release third quarter 2024 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Monday, October 21, 2024, After Market Closes Conference Call: Tuesday, October 22, 2024, 8:30 a.m. ET Participant Dial In: 1-833-470-1428 (Toll-Free) International Dial In: Global Dial-In Numbers Access Code: 539756 Webcast: Washington Trust Bancorp's website,https://ir.washtrust.com
WESTERLY, R.I., Sept. 19, 2024 /PRNewswire/ -- The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ:WASH), today declared a quarterly dividend of 56 cents per share for the quarter ending September 30, 2024. The dividend will be paid October 11, 2024 to shareholders of record on October 1, 2024. ABOUT WASHINGTON TRUST BANCORP, INC. Washington Trust Bancorp, Inc. ("the Corporation"), NASDAQ: WASH, is the publicly-owned holding company of The Washington Trust Company ("Washington Trust", "the Bank"), with $7.2 billion in assets as of June 30, 2024. Founded in 1800,
WESTERLY, R.I., July 22, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), parent company of The Washington Trust Company, today announced second quarter 2024 net income of $10.8 million, or $0.63 per diluted share, compared to net income of $10.9 million, or $0.64 per diluted share, for the first quarter of 2024. "Washington Trust's second quarter performance reflects our continued focus on successfully managing through current economic conditions, while positioning the company for future growth," stated Edward O. Handy III, Washington Trust Chairman and Chie
WESTERLY, R.I., July 9, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), the publicly-owned holding company of The Washington Trust Company, will release second quarter 2024 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Monday, July 22, 2024, After Market Closes Conference Call: Tuesday, July 23, 2024, 8:30 a.m. ET Participant Dial In: 1-833-470-1428 (Toll-Free) International Dial In: Global Dial-In Numbers Access Code: 467066