Washington Trust Bancorp, Inc. · NASDAQ:WASH
Washington Trust Bancorp — Q2 2026 Earnings Presentation
19 slides from Washington Trust Bancorp's earnings presentation, Aug 7, 2026
Slide 1: Investor Deck Q2 2026
Investor Deck Q2 2026 NASDAQ: WASH
Slide 2: Safe Harbor: Forward-Looking Statements
Safe Harbor Forward-Looking Statements In this presentation, “we,” “our,” “us,” “Washington Trust” or the “Company” refers to Washington Trust Bancorp, Inc., and our consolidated subsidiaries, including The Washington Trust Company, of Westerly, unless the context indicates that we refer only to the
Slide 3: WASH Investment Profile Overview
WASH Investment Profile Overview Strong Market Position: Top-tier deposit market share NIM Momentum: NIM up 10bps with diversified banking and vs 1Q26 scaled wealth platform Well-Positioned for Rates: Loan Growth Upside: NIM expanding with continued Institutional banking expansion; 2026 tailwinds; A
Slide 4: Washington Trust At-A-Glance: $6.5B Regional Financial Services Provider
WA S H I N G T O N T R U S T AT - A - G L A N C E $6.5B Regional Financial Services Provider Founded in 1800 Oldest Community bank in the US Largest State-Chartered Bank In Rhode Island $6.5B $5.1B $5.4B Assets Loans Deposits Diverse Revenue Streams(1) Premier Regional Net Interest Wealth Management
Slide 5: High Credit Quality Loan Portfolio
L O A N S High Credit Quality Loan Portfolio Customer-centric approach with emphasis on superior service 63% and appropriate solutions Variable rate loans (As of 6/30/2026) Total Loan Portfolio ($ in billions) At December 31st unless otherwise noted. $5.1 $5.6 $5.1 $5.1 $5.1 193 bps Consumer (7%) Cu
Slide 6: NIM Improvement
NET INTEREST MARGIN & REPRICING NIM Improvement Net Interest Margin $200 As of May 1, 2026, the remaining deferred loss from a 3.00% previously terminated cash flow hedge was fully $150 amortized, eliminating this expense from the Bank's 2.00% ongoing run rate. The second quarter reflected $100 appr
Slide 7: Steady, Balanced Mix of Deposits
DEPOSITS Steady, Balanced Mix of Deposits Total In-Market Deposit Portfolio ($ in billions) 2.12% 6.3% Cost of all in-market Deposit In-Market deposits (1) Growth YoY (6/30/25 to 6/30/26) $5.3 $5.4 $4.7 $4.7 $4.8 Time deposits o Give customers the options of (21%) banking where, when and how they ch
Slide 8: Largest Community Bank in Rhode Island
OVERVIEW Largest Community Bank in Rhode Island Rhode Island Deposit Market Share (1) 11.1% $191M Branch Total Deposits in Total Market Market Share Avg. in-market Rank Institution (ST) Count Market ($B) Share in Rhode Island (1) deposits per branch (2) 1 Citizens (RI) 52 $16.8 37.8% 2 Bank of Ameri
Slide 9: Sizeable Wealth Management Operation
W E A LT H M A N A G E M E N T Sizeable Wealth Management Operation $7.9B AUA o Full range of personalized financial services aimed at building customized solutions for clients o Key differentiators: o Key contributor to pre-tax income o breadth of our holistic advisory services, which go beyond wha
Slide 10: Capital Supports Dividend
C A P I TA L P O S I T I O N / B A L A N C E S H E E T Capital Supports Dividend CET1 Ratio o Solid balance sheet 16.00% o Fee-intensive business model 12.00% 8.00% 4.00% 0.00% Book Value per Share Tangible Book Value per 03/26 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20
Slide 11: Long History of Industry-Leading Dividend Yields
DELIVERING SHAREHOLDER VALUE Long History of Industry-Leading Dividend Yields 6.14% (1) Tangible Book Value per Share Plus Cumulative Dividend per Share CAGR Dividend Yield 12/31/2006 to 3/31/2026 10.03% 7.35% 7.79% Paid consistent dividend for more than a century WASH Average peer Median peer Cash
Slide 12: Commercial Lending Portfolio
Commercial Lending Portfolio Commercial Real Estate (CRE): $2.1 billion % of CRE Portfolio by Segment as of 6/30/2026 Multi-family (31%) $644,249 Retail (20%) $420,295 Industrial & Warehouse (16%) $325,720 Hospitality (12%) $242,261 Office (10%) $212,074 Healthcare facility (6%) $132,488 Mixed-use (
Slide 13: Non-owner Occupied CRE Office Exposures
Non-owner Occupied CRE Office Exposures o Approximately 62% of the total o Approximately 57% of the total commercial real estate office balance commercial real estate office balance will is secured by income producing mature before June 30, 2028. properties located in suburban areas. Weighted Averag
Slide 14: Residential Mortgage & Home Equity
Residential Mortgage & Home Equity Portfolio remains concentrated in our core New England markets and benefits from substantial borrower equity positions, providing significant protection against economic and housing market volatility. Residential Home Equity Total loans ($ millions) $ 2,042.4 $ 328
Slide 15: Balance Sheet
Balance Sheet Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, $s in thousands 2026 2026 2025 2025 2025 Assets: Cash and cash equivalents $ 127,395 $ 100,184 $ 103,734 $ 192,331 $ 167,724 Total securities 885,321 911,958 940,342 962,466 971,341 Total loans 5,103,069 5,014,885 5,134,388 5,122,582 5,140,260 Le
Slide 16: Income Statement
Income Statement For the Quarter Ended Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, Adjusted Mar 31, $s in thousands 2026 2026 2025 2025 2025 2025* Interest and dividend income $ 75,169 $ 74,982 $ 78,837 $ 80,945 $ 78,846 $ 79,463 Interest expense 33,366 34,457 38,089 42,112 41,661 43,041 Net interest in
Slide 17: Supplemental Information
Supplemental Information 17
Slide 18: Non-GAAP Financial Measures
Non-GAAP Financial Measures For the Six Months Ended Adjusted Noninterest Income: Jun 30, Jun 30, $s in thousands, except per share amounts 2026 2025 Noninterest (loss) income, as reported $35,965 $39,721 Less adjustments: Gain on sale of bank-ownned properties, net 6,994 Total adjustments, pre-tax
Slide 19: Non-GAAP Financial Measures
Non-GAAP Financial Measures Jun 30, Mar 31, Jun 30, $s in thousands, except per share amounts 2026 2025 2025 Tangible Book Value per Share: Total shareholders’ equity, as reported $553,523 $546,773 $527,519 Less end of period balances of: Goodwill 63,909 63,909 63,909 Identifiable intangible assets,
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