EarningsQ2 2026 Earnings Report
DE:WT1 Q2 2026 EPS Results
Actual EPS€0.74
Consensus EPS€0.68
Beat/MissBeat by +€0.05
One Year Ago EPS€0.61
DE:WT1 Q2 2026 Revenue Results
Actual Revenue€82.98M
Expected Revenue€53.36M
Beat/MissBeat by +€29.61M
YoY Revenue Growth-2.34%
Earnings Announcement Details
QuarterQ2 2026
Date07/20/2026
TimeAfter Close
Conference CallMonday, July 20, 2026
DE:WT1 Upcoming Earnings
Washington Bancorp's next earnings date is estimated for October 26, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:WT1 Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operational and financial performance: core earnings, NII, margin expansion, PPNR and balance sheet growth were strong, institutional banking and C&I growth are notable opportunities, capital and liquidity remain supportive, and management provided constructive margin guidance. Headwinds include CRE payoffs and a single CRE past-due account, declines in wholesale funding, modest expense inflation from hiring and branch rollouts, and some deposit-pricing pressure. Overall, the positives—profitability gains, margin improvement, loan and deposit growth, strategic investments and strengthened capital—outweigh the contained near-term challenges.Company Guidance
Net Income and EPS Growth
Net income of $16.0M, or $0.83 per share, up $3.4M (+$0.17 per share) from the prior quarter, reflecting higher profitability.
Strong PPNR and NII Performance
Pre-provision pretax net revenue (PPNR) rose 9% quarter-over-quarter and 23% year-over-year. Net interest income was $41.8M, up 3% QoQ and 12% YoY.
Margin Expansion and Near-Term Guidance
Net interest margin (NIM) improved to 2.73%, up 10 bps QoQ and 37 bps YoY. Management expects NIM of ~2.75% in Q3 and ~2.80% in Q4, aided by the completed hedge amortization benefit.
Elimination of Deferred Hedge Expense
Remaining deferred loss from a terminated hedge was fully amortized May 1; Q2 benefit to NII and NIM was $1.4M and 9 bps, with an additional ~$700k (4 bps) benefit expected in Q3.
Loan and Deposit Growth
Total loans increased 2% QoQ with commercial loans up $63M; deposits grew 4% QoQ and 6% YoY. Loan-to-deposit ratio improved from 96.9% to 95.1%.
Institutional Banking / C&I Expansion
C&I increased to 13% of the loan book (from 11% prior quarter). Institutional banking growth was concentrated in not-for-profit education/secondary schools (education loans rose from $54M to $135M). Management remains on track for mid-single-digit loan growth for the year and expects C&I to be the main growth engine over the next 18 months.
Noninterest Income Strength and Wealth Management
Noninterest income increased (up $1.4M or 8% QoQ and up 9% YoY). Wealth management revenues rose $554k (5% QoQ) and $1.1M (11% YoY). AUM hit a record in the quarter; mortgage banking revenue was $3.5M, up 14% QoQ and YoY, and mortgage pipeline was $121M (+6% from March).
Capital, Dividend and Strategic Investments
Total equity was $554M (+$7M QoQ). Dividend maintained at $0.56 per share. Plans to open 30th branch (Bristol, RI) and finalize Pentucket branch; enhanced small business digital banking rollout planned for fall. Board strengthened with addition of Jeff Wilhelm (digital/AI/cybersecurity expertise).
Stable Asset Quality Metrics and Provisioning
Nonaccruing loans improved to 78 bps of total loans (from 81 bps). Q2 provision for credit losses was $1.6M; allowance was $42.6M or 83 bps of loans. Management stated the recent past-due increase was attributable to a single previously identified CRE loan and not broader portfolio deterioration.
DE:WT1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed