WASHINGTON TRUST BANCORP INC

Washington Trust Bancorp, Inc. (Nasdaq: WASH) operates as a publicly-owned registered bank holding company and financial holding company providing comprehensive financial services across southern New England. The company's principal subsidiary is The Washington Trust Company, of Westerly, a Rhode Island-chartered bank founded in 1800 and the oldest community bank in the nation, headquartered in Westerly, Rhode Island.

Washington Trust offers a full range of financial services including commercial banking, mortgage banking, personal banking, and wealth management and trust services through a network of 28 branch offices located in Rhode Island, Connecticut, and Massachusetts. As of December 31, 2025, the company maintained total assets of $6.6 billion, total deposits of $5.3 billion, and total shareholders' equity of $543.6 million, with 642 full-time equivalent employees.

The lending portfolio totaled $5.1 billion, representing 78 percent of total assets. Commercial real estate loans comprise the largest segment at 43 percent of total loans, followed by residential real estate loans at 40 percent, commercial and industrial loans at 11 percent, and consumer loans at 6 percent. The company's lending activities are conducted primarily in southern New England and, to a lesser extent, other states, serving consumer, commercial, non-profit, and municipal customers.

Wealth management services represent a significant revenue driver, with assets under administration totaling $7.8 billion. These services include investment management, financial planning, personal trust and estate services, and institutional trust services provided through the Bank and its registered investment adviser subsidiary, Washington Trust Advisors, Inc. The company also operates Washington Trust Mortgage Company LLC, a mortgage banking subsidiary licensed in Rhode Island, Massachusetts, Connecticut, and New Hampshire.

Investment securities totaled $940.3 million, or 14 percent of total assets, with mortgage-backed securities issued by U.S. government agencies or government-sponsored enterprises comprising the largest component. The company maintains membership in the Federal Home Loan Bank of Boston and utilizes advances and borrowing capacity to support liquidity management and funding strategies. Washington Trust competes in a highly competitive marketplace against commercial banks, credit unions, savings institutions, non-bank lenders, and financial technology companies, differentiating itself through personalized customer service, community relationships, and comprehensive product offerings.