Reports Q4 NII $32.65M, consensus $33.23M. Q4 provision for credit losses totaled $1.2M, up by $700K from the preceding quarter. Q4 net charge-offs were $406K vs. $30K in the preceding quarter. Tangible book value per share was $23.78 from $21.36 at previous quarter end. “Washington Trust’s year-end results reflect the Corporation’s continued perseverance in facing economic headwinds and addressing numerous challenges posed by a difficult operating environment,” stated CEO Edward O. Handy III. “While we remain cautious about economic growth in 2024, we believe our diversified business model, disciplined credit culture, and dedicated team will guide us going forward.”
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