Business Segments (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Statement of Operations and Total Assets by Reportable Segment

The following table presents 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 March 31,	2026	2025	2026	2025	2026	2025
Total interest income and dividend income	$74,982	$79,463	$—	$—	$74,982	$79,463
Total interest expense	34,457	43,041	—	—	34,457	43,041
Net interest income	40,525	36,422	—	—	40,525	36,422
Provision for credit losses	4,000	1,200	—	—	4,000	1,200
Net interest income after provision for credit losses	36,525	35,222	—	—	36,525	35,222
Noninterest income	6,430	12,635	10,873	10,008	17,303	22,643
Noninterest expenses:
Salaries and employee benefits	18,790	16,979	5,550	5,443	24,340	22,422
Outsourced services	3,599	3,265	784	1,081	4,383	4,346
Net occupancy	2,663	2,471	227	270	2,890	2,741
Equipment	843	815	60	76	903	891
Legal, audit and professional fees	662	527	274	223	936	750
FDIC deposit insurance costs	935	1,262	—	—	935	1,262
Advertising and promotion	463	348	84	62	547	410
Amortization of intangibles	—	—	155	204	155	204
Other expenses	2,147	6,879	529	2,291	2,676	9,170
Total noninterest expenses	30,102	32,546	7,663	9,650	37,765	42,196
Income before income taxes	12,853	15,311	3,210	358	16,063	15,669
Income tax expense	2,734	3,347	729	143	3,463	3,490
Net income	$10,119	$11,964	$2,481	$215	$12,600	$12,179
Supplemental Information:
Total assets at period end	$6,395,861	$6,525,532	$63,335	$60,483	$6,459,196	$6,586,015
Expenditures for long-lived assets	1,165	87	141	1	1,306	88
Depreciation expense (1)	736	808	71	86	807	894

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