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Washington Trust Bancorp WASH Wealth Management Services — Amortization of intangibles
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Where this comes from
Reported directly by Washington Trust Bancorp in its filing.
Tagged under the XBRL concept us-gaap:AmortizationOfIntangibleAssets.
The source filing: Washington Trust Bancorp’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 10:23 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000737468-26-000114
| (Dollars in thousands) / Three months ended June 30, | Banking / 2026 | Banking / 2025 | Wealth Management Services / 2026 | Wealth Management Services / 2025 | Consolidated Total / 2026 | Consolidated Total / 2025 |
|---|---|---|---|---|---|---|
| Legal, audit and professional fees | 578 | 525 | 246 | 201 | 824 | 726 |
| FDIC deposit insurance costs | 952 | 1,235 | — | — | 952 | 1,235 |
| Advertising and promotion | 653 | 601 | 118 | 116 | 771 | 717 |
| Amortization of intangibles | — | — | 156 | 203 | 156 | 203 |
| Other expenses | 2,139 | 2,095 | 555 | 533 | 2,694 | 2,628 |
| Total noninterest expenses | 31,000 | 28,512 | 7,597 | 8,018 | 38,597 | 36,530 |
| Income before income taxes | 16,453 | 14,793 | 3,815 | 2,340 | 20,268 | 17,133 |
| Income tax expense | 3,426 | 3,283 | 861 | 605 | 4,287 | 3,888 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is Washington Trust Bancorp's wealth management services — amortization of intangibles?
- Washington Trust Bancorp (WASH) reported wealth management services — amortization of intangibles of $156K in Q2 2026.
- How has Washington Trust Bancorp's wealth management services — amortization of intangibles changed year-over-year?
- Washington Trust Bancorp's wealth management services — amortization of intangibles decreased by 23.2% year-over-year, from $203K to $156K.
- What is the long-term trend for Washington Trust Bancorp's wealth management services — amortization of intangibles?
- Over 3 years (2022 to 2025), Washington Trust Bancorp's wealth management services — amortization of intangibles has grown at a -4.0% compound annual growth rate (CAGR), from $860K to $762K.
- What does wealth management services — amortization of intangibles mean?
- This represents the periodic allocation of the cost of intangible assets, such as acquired client lists or brand names, over their estimated useful lives. It reflects the non-cash expense associated with past business combinations or acquisitions within the wealth management segment.
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