Washington Trust Bancorp, Inc. reported a net income of $10.8 million for Q3 2025, reflecting a strong core performance despite elevated provisions for credit losses due to resolved exposures.
- Pre-provision pretax revenue increased 17% from Q2, showcasing robust operational efficiency and growth.
- Net interest income reached $38.8 million, marking a 4% quarter-over-quarter and 20% year-over-year rise; net interest margin improved to 2.40%.
- Total in-market deposits grew by $179 million (4%) from the previous quarter, indicating enhanced deposit traction and strong liquidity position.
- Wealth management revenues rose 3%, bolstered by a $195 million asset purchase that added 4 advisory team members, contributing to a cumulative AUA of $7.7 billion.
- Share repurchases totaled approximately $6.4 million, reducing future dividend payouts and enhancing shareholder value with an annual reduction of about $600,000.
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