Washington Trust Bancorp (FRA:WT1) Credit Losses Provision : €2.7 Mil (As of Mar. 2025)

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What is Washington Trust Bancorp Credit Losses Provision?

Washington Trust Bancorp's credit losses provision for the three months ended in Mar. 2025 was €1.1 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2025 was €2.7 Mil.

Washington Trust Bancorp's quarterly credit losses provision increased from Sep. 2024 (€0.2 Mil) to Dec. 2024 (€1.0 Mil) and increased from Dec. 2024 (€1.0 Mil) to Mar. 2025 (€1.1 Mil).

Washington Trust Bancorp's annual credit losses provision increased from Dec. 2022 (€-1.2 Mil) to Dec. 2023 (€2.9 Mil) but then declined from Dec. 2023 (€2.9 Mil) to Dec. 2024 (€2.3 Mil).

Washington Trust Bancorp Credit Losses Provision Historical Data

The historical data trend for Washington Trust Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Washington Trust Bancorp Credit Losses Provision Chart

Washington Trust Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Credit Losses Provision

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10.15

-4.27

-1.23

2.93

2.29

Washington Trust Bancorp Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Credit Losses Provision	Get a 7-Day Free Trial															0.64	0.47	0.18	0.96	1.11

Washington Trust Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €2.7 Mil.

Washington Trust Bancorp Business Description

Industry

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WASH:USA

Address

23 Broad Street, Westerly, RI, USA, 02891

Website

https://www.washtrust.com

Washington Trust Bancorp Inc through its subsidiaries offers banking and financial services to individuals and businesses. It offers a full range of financial services, including commercial banking, mortgage banking, personal banking, and wealth management and trust services, through its offices located in Rhode Island, Connecticut, and Massachusetts. It operates in two segments. The Commercial Banking segment includes lending activities, commercial loans, residential real estate loan deposit activities, and others. The Wealth Management Services segment consists of investment management, financial planning, personal trust, and estate services including services as trustee, personal representative, custodian and guardian, and settlement of decedents' estates.

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