Earnings call transcript: Washington Trust Q1 2026 misses estimates, stock drops

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Washington Trust Bancorp Inc. reported disappointing Q1 2026 results, missing analyst estimates for both EPS ($0.66 vs. $0.7589 forecasted) and revenue ($57.83 million vs. $58.24 million forecasted), leading to a 9.56% drop in its stock price premarket. Despite the misses, the company highlighted a 23% year-over-year increase in Pre-Provision Net Revenue and 43 consecutive years of dividend payments, with strategic initiatives in digital banking conversion and branch expansion aimed at future growth. Discussions during the earnings call focused on specific commercial real estate (CRE) loans moved to non-accrual status and the outlook for loan growth and net interest margin expansion.

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