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Business Segments (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Statement of Operations and Total Assets by Reportable Segment

The following tables present the components of net income, as well as other supplemental information for Washington Trust’s reportable business segments:

(Dollars in thousands)			Banking									Wealth Management Services									Consolidated Total
Three months ended June 30,			2026			2025						2026			2025						2026			2025
Total interest and dividend income			$75,169			$78,846						$—			$—						$75,169			$78,846
Total interest expense			33,366			41,661						—			—						33,366			41,661
Net interest income			41,803			37,185						—			—						41,803			37,185
Provision for credit losses			1,600			600						—			—						1,600			600
Net interest income after provision for credit losses			40,203			36,585						—			—						40,203			36,585
Noninterest income			7,250			6,720						11,412			10,358						18,662			17,078
Noninterest expenses:
Salaries and employee benefits			19,750			17,434						5,562			5,591						25,312			23,025
Outsourced services			3,587			3,374						679			1,030						4,266			4,404
Net occupancy			2,511			2,393						224			269						2,735			2,662
Equipment			830			855						57			75						887			930
Legal, audit and professional fees			578			525						246			201						824			726
FDIC deposit insurance costs			952			1,235						—			—						952			1,235
Advertising and promotion			653			601						118			116						771			717
Amortization of intangibles			—			—						156			203						156			203
Other expenses			2,139			2,095						555			533						2,694			2,628
Total noninterest expenses			31,000			28,512						7,597			8,018						38,597			36,530
Income before income taxes			16,453			14,793						3,815			2,340						20,268			17,133
Income tax expense			3,426			3,283						861			605						4,287			3,888
Net income			$13,027			$11,510						$2,954			$1,735						$15,981			$13,245
Supplemental Information:
Total assets at period end			$6,484,406			$6,683,840						$63,498			$61,327						$6,547,904			$6,745,167
Expenditures for long-lived assets			1,060			388						25			13						1,085			401
Depreciation expense (1)			745			790						70			86						815			876

(1)Included in net occupancy and equipment expenses in the table above.

(Dollars in thousands)			Banking									Wealth Management Services															Consolidated Total
Six months ended June 30,			2026			2025						2026			2025															2026			2025
Total interest and dividend income			$150,151			$158,309						$—			$—															$150,151			$158,309
Total interest expense			67,823			84,702						—			—															67,823			84,702
Net interest income			82,328			73,607						—			—															82,328			73,607
Provision for credit losses			5,600			1,800						—			—															5,600			1,800
Net interest income after provision for credit losses			76,728			71,807						—			—															76,728			71,807
Noninterest income			13,680			19,355						22,285			20,366															35,965			39,721
Noninterest expenses:
Salaries and employee benefits			38,540			34,413						11,112			11,034															49,652			45,447
Outsourced services			7,186			6,639						1,463			2,111															8,649			8,750
Net occupancy			5,174			4,864						451			539															5,625			5,403
Equipment			1,673			1,670						117			151															1,790			1,821
Legal, audit and professional fees			1,240			1,052						520			424															1,760			1,476
FDIC deposit insurance costs			1,887			2,497						—			—															1,887			2,497
Advertising and promotion			1,116			949						202			178															1,318			1,127
Amortization of intangibles			—			—						311			407															311			407
Other expenses			4,286			8,974						1,084			2,824															5,370			11,798
Total noninterest expenses			61,102			61,058						15,260			17,668															76,362			78,726
Income before income taxes			29,306			30,104						7,025			2,698															36,331			32,802
Income tax expense			6,160			6,630						1,590			748															7,750			7,378
Net income			$23,146			$23,474						$5,435			$1,950															$28,581			$25,424
Total assets at period end			$6,484,406			$6,683,840						$63,498			$61,327															$6,547,904			$6,745,167
Expenditures for long-lived assets			2,225			475						166			14															2,391			489
Depreciation expense (1)			1,481			1,598						141			172															1,622			1,770

(1)Included in net occupancy and equipment expenses in the table above.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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