Washington Trust Bancorp, Inc. (NASDAQ:WASH) Q3 2023 Earnings Conference Call October 24, 2023 8:30 AM ET

Company Participants

Elizabeth Eckel - EVP, Chief Marketing and Corporate Communications Officer

Ned Handy - Chairman and CEO

Mary Noons - President and COO

Ron Ohsberg - Senior EVP, CFO and Treasurer

Bill Wray - Senior EVP and CRO

Conference Call Participants

Mark Fitzgibbon - Piper Sandler

Damon DelMonte - KBW

Laurie Hunsicker - Seaport Research Partners

Operator

Good morning, and welcome to the Washington Trust Bancorp Inc.'s Conference Call. My name is Emily, and I will be your operator today. [Operator Instructions] Today's call is being recorded.

And now I will turn the call over to Elizabeth B. Eckel, Executive Vice President, Chief Marketing and Corporate Communications Officer. Ms. Eckel?

Elizabeth Eckel

Thank you, Emily. Good morning, and welcome to Washington Trust Bancorp, Inc.'s third quarter 2023 conference call. Joining us this morning are members of Washington Trust's executive team, Ned Handy, Chairman and Chief Executive Officer; Mary Noons, President, Chief Operating Officer; Ron Ohsberg, Senior Executive Vice President, Chief Financial Officer and Treasurer; and Bill Wray, Senior Executive Vice President and Chief Risk Officer.

Please note that today's presentation may contain forward-looking statements and actual results could differ materially from what is discussed on today's call. Our complete safe harbor statement is contained in our earnings release, which was issued yesterday as well as other documents that are filed with the SEC. All of these materials and other public filings are available on our Investor Relations website at ir.washtrust.com. Washington Trust trades on NASDAQ under the symbol WASH.

I'm now pleased to introduce today's host, Washington Trust's Chairman and CEO, Ned Handy.

Ned Handy

Thank you, Beth. Good morning, and thank you for joining our third quarter conference call. We appreciate your time and interest in Washington Trust.

During my remarks this morning, I'll provide comments about our third quarter results in context with the market conditions we're seeing, as well as an update on our current focus for value creation. Then Ron Ohsberg will offer more detail regarding our third quarter performance. And after our prepared remarks, Mary Noon and Bill Wray will join us for the Q&A sessions.

In the third quarter, our team did a solid job of managing through the current challenging market dynamics while executing our long-term strategy which is to build a sustainably relevant, consistently profitable and relationship-driven regional financial services organization. We remain laser-focused on all approaches to achieving in-market deposit growth, including technology investment, product development, branch expansion and sales management.