Filing Flows › Washington Trust Bancorp (WASH) › Q2 2026
Washington Trust Bancorp (WASH) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Washington Trust Bancorp (WASH) reported revenue of $60.5M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +5% from the quarter before. Operating margin was 33.5%, net earnings $16.0M (26.4% of revenue).
Washington Trust Bancorp, Q2 2026: revenue $60.5M (+11% year over year), operating margin 33.5%, net earnings $16.0M, operating cash flow $23.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.5M | +5% | +11% |
| Operating profit | $20.3M | +26% | +18% |
| Net earnings | $16.0M | +27% | +21% |
| Operating cash flow | $23.1M | +43% | +104% |
| Free cash flow | $22.0M | +49% | +101% |
What changed
Revenue was $60.5M in Q2 2026, up 11% year over year and up 5% from the previous quarter. Wealth Management Revenues was the largest line at 19% of revenue. Wealth Management Revenues added $1.1M year over year (up 11%), 17% of the total change.
Operating profit was $20.3M, a 33.5% margin (up 1.9 points year over year). Of the extra revenue versus Q2 2025, 51% reached operating profit, above the 32% margin then. Total costs grew 8% against revenue growth of 11%. Net earnings were $16.0M, up 21% year over year. The effective tax rate was 21.2%.
Operating cash flow was $23.1M (up 104% year over year), 145% of net earnings. Non-cash charges added back $815K of depreciation and amortization and $847K of share-based compensation. Working capital and other items added $5.5M. Capital expenditures of $1.1M left free cash flow of $22.0M.
Questions
What was Washington Trust Bancorp's revenue in the second quarter 2026?
Washington Trust Bancorp (WASH) reported revenue of $60.5M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +5% from the quarter before.
Was Washington Trust Bancorp profitable in the second quarter 2026?
Operating profit was $20.3M (33.5% of revenue) and net earnings $16.0M.