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Washington Trust faces securities fraud probe after Q1 earnings miss and stock plunge.

Market News
14 May 2026
PRNewsWire
View Source
Bearish
pluang ai news

Washington Trust Bancorp reported Q1 2026 earnings and revenue below expectations due to a rise in non-accrual commercial loans, causing its stock to drop nearly 17%. Following this, Pomerantz LLP launched an investigation into potential securities fraud and unlawful practices by the company and its executives. Investors impacted by the decline are being advised to contact the law firm for possible class action participation. This probe could lead to legal actions affecting the company's future operations and investor confidence.

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