WASH · WASH TRUST BANC Q2 FY2026 earnings call record财报电话会记录

“We are on target to roll out an enhanced digital banking solution for our small business customers this fall and continue to look for ways to leverage technology to provide greater security, convenience, and choice for our customers.”

“Strong earnings growth, margin expansion, and balance sheet growth position us well as we continue to invest in our franchise, expand our presence in key markets, and enhance the customer experience.”

“Net interest income was $41.8 million, up by 3% from Q1 and up by 12% year-over-year.”

“The margin was 273, up by 10 basis points from Q1 and up by 37 basis points year-over-year.”

“In the third quarter, we will realize the third month of benefit, totaling approximately $700,000 or four basis points compared to Q2.”

“Non-interest income was up by $1.4 million or 8% compared to Q1 and up by 9% year-over-year.”

“Wealth management revenues were up $554,000 or 5% compared to Q1 and increased by $1.1 million or 11% year-over-year.”

“Our mortgage pipeline at June 30th was $121 million, up by $7 million or 6% from the end of March.”

“Salaries and benefits expense was up $972,000 or 4%, reflecting staffing additions in our commercial and retail banking business lines, as well as volume and performance related compensation changes.”

“Our effective tax rate was 21.2%, and we expect our full year 2026 rate to be approximately 21.5%.”

“Residential loans increased by $13 million, and consumer loans were up by $12 million.”

“We expect that we'll have net growth in the third quarter, certainly in the real estate space, where overall formation was about $214 million in the quarter.”