WASHINGTON TRUST BANCORP INC
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
WASH$39.42+2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Glossary of Acronyms and Terms
The following is a list of acronyms and terms that are used throughout this Quarterly Report on Form 10-Q:
| 2023 Repurchase Program | Washington Trust Bancorp, Inc.'s Stock Repurchase Program commencing January 1, 2023 |
|---|---|
| 2024 Repurchase Program | Washington Trust Bancorp, Inc.'s Stock Repurchase Program commencing January 1, 2024 |
| ACL | Allowance for credit losses |
| ALCO | Asset/Liability Committee |
| AOCL | Accumulated other comprehensive loss |
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| ATM | Automated teller machine |
| AUA | Assets under administration |
| Bancorp | Washington Trust Bancorp, Inc. |
| Bank | The Washington Trust Company, of Westerly |
| BOLI | Bank-owned life insurance |
| C&I | Commercial and industrial |
| CDARS | Certificate of Deposit Account Registry Service |
| Corporation | The Bancorp and its subsidiaries |
| CRE | Commercial real estate |
| DCF | Discounted cash flow |
| DDM | Demand Deposit Marketplace |
| EPS | Earnings per common share |
| ERM | Enterprise risk management |
| Exchange Act | Securities Exchange Act of 1934, as amended |
| FDIC | Federal Deposit Insurance Corporation |
| Federal Reserve | Board of Governors of the Federal Reserve System |
| FHLB | Federal Home Loan Bank of Boston |
| FRBB | Federal Reserve Bank of Boston |
| FTE | Fully taxable equivalent |
| GAAP | Accounting principles generally accepted in the United States of America |
| ICS | Insured Cash Sweep |
| LTV | Loan to value |
| NIM | Net interest margin |
| OREO | Property acquired through foreclosure or repossession |
| S&P | Standard and Poors, Inc. |
| SBA | Small Business Administration |
| SEC | U.S. Securities and Exchange Commission |
| TLM | Troubled loan modification |
| Washington Trust | The Bancorp and its subsidiaries |
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PART I. Financial Information
Item 1. Financial Statements
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.