Washington Trust Bancorp Files 8-K

TL;DR

Wash Trust Bancorp filed a routine 8-K, no major news.

AI Summary

Washington Trust Bancorp, Inc. filed an 8-K on October 8, 2025, reporting "Other Events" and "Financial Statements and Exhibits." The filing does not contain specific financial details or significant corporate actions beyond routine reporting requirements.

Why It Matters

This 8-K filing indicates routine corporate reporting by Washington Trust Bancorp, Inc. to the SEC, without detailing any immediate material events.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' and 'Financial Statements and Exhibits' without any disclosed material changes or events.

Key Players & Entities

• WASHINGTON TRUST BANCORP INC (company) — Registrant
• 0000737468-25-000054 (filing_id) — Accession Number
• October 8, 2025 (date) — Date of Report
• 23 Broad Street Westerly, Rhode Island 02891 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $11.3 million — rformance will be adversely affected by $11.3 million in charge-offs on two commercial loan r
• $7.0 million — provision for credit losses on loans of $7.0 million for the third quarter, primarily as a r
• $9.3 million — is relationship had a carrying value of $9.3 million and a specific reserve of $2.3 million.
• $2.3 million — $9.3 million and a specific reserve of $2.3 million. Based on ensuing developments in the b
• $8.3 million — the Company recognized a charge-off of $8.3 million on this relationship. The remaining car
• $1.0 million — onship. The remaining carrying value of $1.0 million as of September 30, 2025 is expected to
• $4.3 million — his loan, which had a carrying value of $4.3 million on June 30, 2025. The sale was complete
• $3.0 million — he end of September and a charge-off of $3.0 million was recognized. Following these actio
• $14.0 million — n as of September 30, 2025, compared to $14.0 million as of June 30, 2025. Additional informa

Filing Documents

• wash-20251008.htm (8-K) — 42KB
• 0000737468-25-000054.txt ( ) — 158KB
• wash-20251008.xsd (EX-101.SCH) — 2KB
• wash-20251008_lab.xml (EX-101.LAB) — 22KB
• wash-20251008_pre.xml (EX-101.PRE) — 12KB
• wash-20251008_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. Washington Trust Bancorp, Inc.'s (the "Company") third quarter 2025 financial performance will be adversely affected by $11.3 million in charge-offs on two commercial loan relationships. The Company expects to recognize a provision for credit losses on loans of $7.0 million for the third quarter, primarily as a result of these charge-offs. The first loan relationship is a participation in a shared national credit to a telecom infrastructure construction contractor. The contractor filed for Chapter 11 bankruptcy in the second quarter of 2025 and, at that time, the Company placed the loan relationship on nonaccrual status. As of June 30, 2025, this relationship had a carrying value of $9.3 million and a specific reserve of $2.3 million. Based on ensuing developments in the bankruptcy proceedings in the third quarter, the Company recognized a charge-off of $8.3 million on this relationship. The remaining carrying value of $1.0 million as of September 30, 2025 is expected to be collected in the fourth quarter of 2025. The second loan is a nonaccrual commercial real estate loan secured by a Class B office property. Late in the third quarter of 2025, the Company decided to sell this loan, which had a carrying value of $4.3 million on June 30, 2025. The sale was completed at the end of September and a charge-off of $3.0 million was recognized. Following these actions, the Company expects to report commercial nonaccrual loans of $1.0 million as of September 30, 2025, compared to $14.0 million as of June 30, 2025. Additional information will be provided with the Company's third quarter 2025 earnings release.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains statements that are "forward-looking statements." We may also make forward-looking statements in other documents we file with the U.S. Securities and Exchange Commission ("SEC"), in our annual reports to shareholders, in press releases and other written materials, and in oral statements made by our officers, directors, or employees. You can identify forward-looking statements by the use of the words "believe," "expect," "anticipate," "intend," "estimate," "assume," "outlook," "will," "should," and other expressions that predict or indicate future events and trends and which do not relate to historical matters. You should not rely on forward-looking statements, because they involve known and unknown risks, uncertainties, and other factors, some of which are beyond our control. These risks, uncertainties, and other factors may cause our actual results, performance, or achievements to be materially different from the anticipated future results, performance, or achievements expressed or implied by the forward-looking statements. Some of the factors that might cause these differences include the following: changes in general business and economic conditions (including the impact of actual or threatened tariffs imposed by the U.S. and foreign governments, inflation and concerns about liquidity) on a national basis and in the local markets in which we operate; interest rate changes or volatility, as well as changes in the balance and mix of loans and deposits; changes in customer behavior due to political, business and economic conditions; changes in loan demand and collectability; the possibility that future credit losses are higher than currently expected due to changes in economic assumptions or adverse economic developments; ongoing volatility in national and international financial markets; reductions in the market value or outflows of wealth management assets under administration; decrease

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. WASHINGTON TRUST BANCORP, INC. Date: October 8, 2025 By: /s/ Ronald S. Ohsberg Ronald S. Ohsberg Senior Executive Vice President, Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR