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Washington Trust Bancorp (WASH) Financials

Washington Trust Bancorp logo
$27.83 -0.03 (-0.11%)
Closing price 05/30/2025 04:00 PM Eastern
Extended Trading
$27.67 -0.16 (-0.57%)
As of 05/30/2025 04:21 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Washington Trust Bancorp

Annual Income Statements for Washington Trust Bancorp

This table shows Washington Trust Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 -28 48 72
Consolidated Net Income / (Loss)		 -28 48 72
Net Income / (Loss) Continuing Operations		 -28 48 72
Total Pre-Tax Income 		-39 56 91
Total Revenue		 101 193 219
Net Interest Income / (Expense)		 128 137 156
Total Interest Income		 341 309 194
Loans and Leases Interest Income		 306 275 171
Investment Securities Interest Income		 28 29 22
Other Interest Income		 6.98 4.98 1.62
Total Interest Expense		 212 172 38
Deposits Interest Expense		 146 120 26
Long-Term Debt Interest Expense		 1.59 1.54 0.74
Federal Funds Purchased and Securities Sold Interest Expense		 65 50 12
Total Non-Interest Income		 -28 56 63
Service Charges on Deposit Accounts		 3.03 2.81 3.19
Other Service Charges		 21 13 15
Net Realized & Unrealized Capital Gains on Investments		 -93 1.39 2.76
Investment Banking Income		 39 36 39
Other Non-Interest Income		 3.04 3.49 2.59
Provision for Credit Losses		 2.40 3.20 -1.30
Total Non-Interest Expense		 137 134 129
Salaries and Employee Benefits		 86 82 84
Net Occupancy & Equipment Expense		 14 14 13
Marketing Expense		 2.63 2.56 2.59
Property & Liability Insurance Claims		 5.51 4.67 1.69
Other Operating Expenses		 28 29 27
Amortization Expense		 0.83 0.84 0.86
Income Tax Expense		 -11 8.31 19
Basic Earnings per Share		 ($1.63) $2.82 $4.14
Weighted Average Basic Shares Outstanding		 17.15M 17.03M 17.25M
Diluted Earnings per Share		 ($1.63) $2.82 $4.11
Weighted Average Diluted Shares Outstanding		 17.15M 17.06M 17.38M
Weighted Average Basic & Diluted Shares Outstanding		 19.28M 17.03M 17.16M
Cash Dividends to Common per Share		 $2.24 $2.24 $2.18

Quarterly Income Statements for Washington Trust Bancorp

This table shows Washington Trust Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 -61 11 11 11 13 11 11 13 17 19
Consolidated Net Income / (Loss)		 -61 11 11 11 13 11 11 13 17 19
Net Income / (Loss) Continuing Operations		 -61 11 11 11 13 11 11 13 17 19
Total Pre-Tax Income 		-80 14 14 14 12 14 14 16 21 24
Total Revenue		 -45 49 48 49 46 49 48 50 55 58
Net Interest Income / (Expense)		 -61 64 63 63 -70 67 66 74 0.10 83
Total Interest Income		 82 88 86 85 84 81 75 69 62 52
Loans and Leases Interest Income		 75 77 77 77 76 72 66 60 55 45
Investment Securities Interest Income		 7.02 6.80 6.94 7.10 7.19 7.27 7.40 7.19 6.62 6.06
Other Interest Income		 1.31 3.17 1.30 1.20 1.28 1.34 1.28 1.07 0.86 0.50
Total Interest Expense		 49 55 54 54 51 47 42 32 20 10
Deposits Interest Expense		 34 37 37 38 37 34 30 20 12 6.66
Long-Term Debt Interest Expense		 0.38 0.40 0.40 0.41 0.41 0.40 0.37 0.35 0.30 0.21
Federal Funds Purchased and Securities Sold Interest Expense		 14 18 17 15 14 12 12 12 7.82 3.23
Total Non-Interest Income		 -78 16 17 17 13 15 14 13 14 16
Service Charges on Deposit Accounts		 0.79 0.78 0.77 0.69 0.69 0.67 0.67 0.78 0.94 0.82
Other Service Charges		 4.41 4.60 5.41 6.12 2.89 3.81 3.48 2.73 2.79 3.73
Net Realized & Unrealized Capital Gains on Investments		 -94 0.13 0.05 0.28 0.11 1.08 0.25 -0.05 0.75 1.04
Investment Banking Income		 10 9.99 9.68 9.34 8.88 8.95 9.05 8.66 8.62 9.53
Other Non-Interest Income		 0.78 0.77 0.75 0.74 0.73 0.71 0.88 1.17 0.69 0.68
Provision for Credit Losses		 1.00 0.20 0.50 0.70 1.20 0.50 0.70 0.80 0.80 0.80
Total Non-Interest Expense		 34 35 34 34 33 34 33 34 33 33
Salaries and Employee Benefits		 22 21 21 22 18 22 21 22 21 22
Net Occupancy & Equipment Expense		 3.36 3.32 3.36 3.58 3.53 3.49 3.47 3.47 3.42 3.17
Marketing Expense		 0.56 0.86 0.66 0.55 0.94 0.79 0.43 0.41 0.71 0.80
Property & Liability Insurance Claims		 1.27 1.40 1.40 1.44 1.24 1.19 1.37 0.87 0.49 0.43
Other Operating Expenses		 7.02 7.37 7.02 6.81 8.21 7.09 6.95 6.82 7.71 6.84
Amortization Expense		 0.20 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.22
Income Tax Expense		 -19 2.85 3.02 2.83 -0.77 2.93 2.85 3.30 4.40 5.31
Basic Earnings per Share		 ($3.54) $0.64 $0.63 $0.64 $0.76 $0.65 $0.66 $0.75 $0.96 $1.08
Weighted Average Basic Shares Outstanding		 17.15M 17.06M 17.05M 17.03M 17.03M 17.02M 17.01M 17.07M 17.25M 17.17M
Diluted Earnings per Share		 ($3.54) $0.64 $0.63 $0.64 $0.77 $0.65 $0.66 $0.74 $0.95 $1.08
Weighted Average Diluted Shares Outstanding		 17.15M 17.14M 17.11M 17.07M 17.06M 17.04M 17.03M 17.17M 17.38M 17.30M
Weighted Average Basic & Diluted Shares Outstanding		 19.28M 17.06M 17.06M 17.05M 17.03M 17.03M 17.02M 17.02M 17.16M 17.18M

Annual Cash Flow Statements for Washington Trust Bancorp

This table details how cash moves in and out of Washington Trust Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 24 -28 -60
Net Cash From Operating Activities		 58 32 113
Net Cash From Continuing Operating Activities		 58 32 113
Net Income / (Loss) Continuing Operations		 -28 48 72
Consolidated Net Income / (Loss)		 -28 48 72
Provision For Loan Losses		 2.40 3.20 -1.30
Depreciation Expense		 3.93 4.01 3.47
Amortization Expense		 11 8.66 3.75
Non-Cash Adjustments to Reconcile Net Income		 73 -12 32
Changes in Operating Assets and Liabilities, net		 -4.01 -21 3.35
Net Cash From Investing Activities		 231 -551 -999
Net Cash From Continuing Investing Activities		 231 -551 -999
Purchase of Property, Leasehold Improvements and Equipment		 -4.00 -5.05 -6.14
Purchase of Investment Securities		 -218 -620 -1,109
Sale of Property, Leasehold Improvements and Equipment		 1.67 0.00 0.00
Sale and/or Maturity of Investments		 451 74 116
Net Cash From Financing Activities		 -265 491 826
Net Cash From Continuing Financing Activities		 -265 491 826
Net Change in Deposits		 -232 329 39
Issuance of Debt		 2,385 3,515 3,156
Issuance of Common Equity		 71 0.00 0.00
Repayment of Debt		 -2,450 -3,305 -2,321
Repurchase of Common Equity		 0.00 -8.81 -9.48
Payment of Dividends		 -38 -39 -38
Other Financing Activities, Net		 -0.03 -0.75 -0.82
Cash Interest Paid		 217 157 32
Cash Income Taxes Paid		 7.24 9.93 18

Quarterly Cash Flow Statements for Washington Trust Bancorp

This table details how cash moves in and out of Washington Trust Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -97 103 1.94 15 -23 -15 -9.96 20 -14 34
Net Cash From Operating Activities		 19 26 11 1.95 12 30 -21 11 41 20
Net Cash From Continuing Operating Activities		 19 26 11 1.96 12 30 -21 11 41 20
Net Income / (Loss) Continuing Operations		 -61 11 11 11 13 11 11 13 17 19
Consolidated Net Income / (Loss)		 -61 11 11 11 13 11 11 13 17 19
Provision For Loan Losses		 1.00 0.20 0.50 0.70 1.20 0.50 0.70 0.80 0.80 0.80
Depreciation Expense		 0.96 0.98 1.00 1.00 1.00 1.03 1.00 0.98 0.91 0.88
Amortization Expense		 9.20 0.51 0.52 0.47 6.99 0.54 0.60 0.54 0.62 0.85
Non-Cash Adjustments to Reconcile Net Income		 76 5.31 -2.29 -6.06 -7.60 9.78 -15 1.02 17 -1.82
Changes in Operating Assets and Liabilities, net		 -7.42 7.87 0.64 -5.10 -2.89 6.85 -20 -5.04 5.55 0.85
Net Cash From Investing Activities		 54 141 63 -27 -27 -217 -139 -167 -275 -411
Net Cash From Continuing Investing Activities		 54 141 63 -27 -27 -217 -139 -167 -275 -411
Purchase of Property, Leasehold Improvements and Equipment		 -0.48 -1.27 -1.62 -0.63 -1.52 -0.50 -1.88 -1.14 -2.32 -1.34
Purchase of Investment Securities		 -347 114 54 -38 -52 -230 -153 -185 -311 -416
Sale and/or Maturity of Investments		 402 29 8.65 12 26 14 16 19 39 6.19
Net Cash From Financing Activities		 -170 -64 -72 40 -7.16 172 150 176 220 425
Net Cash From Continuing Financing Activities		 -170 -64 -72 40 -7.16 172 150 176 220 425
Net Change in Deposits		 -56 196 -372 -0.27 -67 101 46 250 -51 63
Issuance of Debt		 415 200 910 860 620 910 980 1,005 1,210 1,166
Issuance of Common Equity		 71 - -0.25 -0.02 0.64 0.00 -0.61 -0.03 0.72 -
Repayment of Debt		 -590 -450 -600 -810 -550 -830 -865 -1,060 -930 -794
Payment of Dividends		 -9.56 -9.56 -9.73 -9.55 -9.57 -9.55 -9.86 -9.65 -9.31 -9.32
Other Financing Activities, Net		 0.10 - - -0.01 -0.75 0.01 -0.00 -0.00 -0.89 0.01
Cash Interest Paid		 49 54 60 55 49 43 37 28 16 8.04
Cash Income Taxes Paid		 0.26 2.33 1.23 3.42 3.10 2.38 3.51 0.94 4.69 5.41

Annual Balance Sheets for Washington Trust Bancorp

This table presents Washington Trust Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 6,931 7,203 6,660
Cash and Due from Banks		 22 55 115
Interest Bearing Deposits at Other Banks		 88 32 -
Trading Account Securities		 1,198 1,000 994
Loans and Leases, Net of Allowance		 -42 -41 5,072
Allowance for Loan and Lease Losses		 42 41 38
Loans Held for Sale		 22 20 8.99
Premises and Equipment, Net		 27 32 32
Goodwill		 64 64 64
Intangible Assets		 2.89 3.71 4.55
Other Assets		 5,549 6,037 370
Total Liabilities & Shareholders' Equity		 6,931 7,203 6,660
Total Liabilities		 6,431 6,730 6,206
Non-Interest Bearing Deposits		 662 694 859
Interest Bearing Deposits		 4,454 4,654 4,160
Long-Term Debt		 1,148 1,213 1,003
Other Long-Term Liabilities		 167 169 185
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 500 473 454
Total Preferred & Common Equity		 500 473 454
Total Common Equity		 500 473 454
Common Stock		 198 127 128
Retained Earnings		 434 502 492
Treasury Stock		 -13 -15 -8.72
Accumulated Other Comprehensive Income / (Loss)		 -119 -141 -158

Quarterly Balance Sheets for Washington Trust Bancorp

This table presents Washington Trust Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 7,142 7,184 7,249 7,183 7,012 6,859 6,408
Cash and Due from Banks		 207 104 102 109 125 135 130
Trading Account Securities		 973 952 970 959 1,022 1,055 983
Loans and Leases, Net of Allowance		 5,472 5,587 5,643 5,571 5,342 5,189 4,812
Loans and Leases		 5,515 5,629 5,685 5,611 5,381 5,228 4,849
Allowance for Loan and Lease Losses		 43 42 42 40 39 39 37
Loans Held for Sale		 21 26 25 11 21 7.45 24
Premises and Equipment, Net		 32 32 32 32 33 32 30
Goodwill		 64 64 64 64 64 64 64
Intangible Assets		 3.09 3.30 3.50 3.92 4.13 4.34 4.77
Other Assets		 369 417 409 434 401 373 361
Total Liabilities & Shareholders' Equity		 7,142 7,184 7,249 7,183 7,012 6,859 6,408
Total Liabilities		 6,639 6,713 6,782 6,752 6,553 6,394 5,976
Non-Interest Bearing Deposits		 666 646 649 773 758 830 939
Interest Bearing Deposits		 4,506 4,330 4,699 4,642 4,556 4,439 4,131
Long-Term Debt		 1,323 1,573 1,263 1,143 1,063 948 723
Other Long-Term Liabilities		 145 165 172 194 175 178 183
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 502 471 467 431 459 465 432
Total Preferred & Common Equity		 502 471 467 431 459 465 432
Total Common Equity		 502 471 467 431 459 465 432
Common Stock		 128 127 128 127 127 129 128
Retained Earnings		 506 504 503 499 497 495 485
Treasury Stock		 -14 -14 -15 -16 -16 -17 -9.27
Accumulated Other Comprehensive Income / (Loss)		 -117 -146 -149 -179 -149 -142 -172

Annual Metrics And Ratios for Washington Trust Bancorp

This table displays calculated financial ratios and metrics derived from Washington Trust Bancorp's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 -47.91% -11.60% -4.47%
EBITDA Growth		 -134.98% -29.72% -7.12%
EBIT Growth		 -168.73% -38.05% -7.15%
NOPAT Growth		 -156.40% -32.79% -6.75%
Net Income Growth		 -158.24% -32.79% -6.75%
EPS Growth		 -157.80% -31.39% -6.38%
Operating Cash Flow Growth		 82.48% -72.03% 12.10%
Free Cash Flow Firm Growth		 105.96% 72.27% -231.72%
Invested Capital Growth		 -2.25% 15.73% 98.82%
Revenue Q/Q Growth		 -47.46% -4.53% -1.32%
EBITDA Q/Q Growth		 -140.58% -3.27% -4.77%
EBIT Q/Q Growth		 -172.42% -13.48% -4.88%
NOPAT Q/Q Growth		 -159.49% -7.00% -4.80%
Net Income Q/Q Growth		 -161.43% -7.00% -4.80%
EPS Q/Q Growth		 -160.82% -6.00% -4.64%
Operating Cash Flow Q/Q Growth		 14.20% -48.29% 71.91%
Free Cash Flow Firm Q/Q Growth		 105.26% 50.77% -133.70%
Invested Capital Q/Q Growth		 -9.73% 7.07% 26.10%
Profitability Metrics		 - - -
EBITDA Margin		 -24.03% 35.78% 45.01%
EBIT Margin		 -38.57% 29.23% 41.71%
Profit (Net Income) Margin		 -27.88% 24.93% 32.79%
Tax Burden Percent		 72.28% 85.30% 78.62%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 14.70% 21.38%
Return on Invested Capital (ROIC)		 -1.63% 3.07% 6.55%
ROIC Less NNEP Spread (ROIC-NNEP)		 -1.71% 3.07% 6.55%
Return on Net Nonoperating Assets (RNNOA)		 -4.14% 7.33% 7.53%
Return on Equity (ROE)		 -5.77% 10.40% 14.08%
Cash Return on Invested Capital (CROIC)		 0.65% -11.51% -59.59%
Operating Return on Assets (OROA)		 -0.55% 0.81% 1.46%
Return on Assets (ROA)		 -0.40% 0.70% 1.15%
Return on Common Equity (ROCE)		 -5.77% 10.40% 14.08%
Return on Equity Simple (ROE_SIMPLE)		 -5.61% 10.19% 15.80%
Net Operating Profit after Tax (NOPAT)		 -27 48 72
NOPAT Margin		 -27.00% 24.93% 32.79%
Net Nonoperating Expense Percent (NNEP)		 0.08% 0.00% 0.00%
SG&A Expenses to Revenue		 101.85% 51.22% 45.43%
Operating Expenses to Revenue		 136.18% 69.12% 58.89%
Earnings before Interest and Taxes (EBIT)		 -39 56 91
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -24 69 98
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.05 1.08 1.54
Price to Tangible Book Value (P/TBV)		 1.21 1.26 1.81
Price to Revenue (P/Rev)		 5.22 2.64 3.19
Price to Earnings (P/E)		 0.00 10.60 9.72
Dividend Yield		 7.28% 7.47% 5.37%
Earnings Yield		 0.00% 9.43% 10.28%
Enterprise Value to Invested Capital (EV/IC)		 0.95 0.97 1.09
Enterprise Value to Revenue (EV/Rev)		 15.53 8.47 7.25
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 23.67 16.10
Enterprise Value to EBIT (EV/EBIT)		 0.00 28.98 17.38
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 33.97 22.10
Enterprise Value to Operating Cash Flow (EV/OCF)		 27.11 51.78 14.02
Enterprise Value to Free Cash Flow (EV/FCFF)		 144.94 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 2.30 2.57 2.21
Long-Term Debt to Equity		 2.30 2.57 2.21
Financial Leverage		 2.43 2.39 1.15
Leverage Ratio		 14.53 14.97 12.28
Compound Leverage Factor		 14.53 14.97 12.28
Debt to Total Capital		 69.67% 71.95% 68.85%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 69.67% 71.95% 68.85%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 30.33% 28.05% 31.15%
Debt to EBITDA		 -47.45 17.54 10.19
Net Debt to EBITDA		 -42.91 16.28 9.02
Long-Term Debt to EBITDA		 -47.45 17.54 10.19
Debt to NOPAT		 -42.24 25.17 13.99
Net Debt to NOPAT		 -38.19 23.37 12.38
Long-Term Debt to NOPAT		 -42.24 25.17 13.99
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 11 -181 -652
Operating Cash Flow to CapEx		 2,472.90% 626.05% 1,840.79%
Free Cash Flow to Firm to Interest Expense		 0.05 -1.05 -16.95
Operating Cash Flow to Interest Expense		 0.27 0.18 2.94
Operating Cash Flow Less CapEx to Interest Expense		 0.26 0.15 2.78
Efficiency Ratios		 - - -
Asset Turnover		 0.01 0.03 0.03
Fixed Asset Turnover		 3.40 6.05 7.23
Capital & Investment Metrics		 - - -
Invested Capital		 1,647 1,685 1,456
Invested Capital Turnover		 0.06 0.12 0.20
Increase / (Decrease) in Invested Capital		 -38 229 724
Enterprise Value (EV)		 1,563 1,637 1,584
Market Capitalization		 525 511 697
Book Value per Share		 $29.28 $27.75 $26.41
Tangible Book Value per Share		 $25.37 $23.78 $22.42
Total Capital		 1,647 1,685 1,456
Total Debt		 1,148 1,213 1,003
Total Long-Term Debt		 1,148 1,213 1,003
Net Debt		 1,038 1,126 887
Capital Expenditures (CapEx)		 2.33 5.05 6.14
Net Nonoperating Expense (NNE)		 0.89 0.00 0.00
Net Nonoperating Obligations (NNO)		 1,148 1,213 1,003
Total Depreciation and Amortization (D&A)		 15 13 7.22
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 ($1.63) $2.82 $4.14
Adjusted Weighted Average Basic Shares Outstanding		 17.15M 17.03M 17.25M
Adjusted Diluted Earnings per Share		 ($1.63) $2.82 $4.11
Adjusted Weighted Average Diluted Shares Outstanding		 17.15M 17.06M 17.38M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 19.28M 17.03M 17.16M
Normalized Net Operating Profit after Tax (NOPAT)		 -27 48 72
Normalized NOPAT Margin		 -27.00% 24.93% 32.79%
Pre Tax Income Margin		 -38.57% 29.23% 41.71%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 -0.18 0.33 2.37
NOPAT to Interest Expense		 -0.13 0.28 1.86
EBIT Less CapEx to Interest Expense		 -0.19 0.30 2.21
NOPAT Less CapEx to Interest Expense		 -0.14 0.25 1.70
Payout Ratios		 - - -
Dividend Payout Ratio		 -136.84% 80.19% 52.52%
Augmented Payout Ratio		 -136.84% 98.48% 65.74%

Quarterly Metrics And Ratios for Washington Trust Bancorp

This table displays calculated financial ratios and metrics derived from Washington Trust Bancorp's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -197.82% -0.90% 0.88% -3.26% -16.63% -15.33% -10.38% -3.40% -5.03% 2.22%
EBITDA Growth		 -447.60% -2.13% -2.29% -13.53% -10.39% -39.14% -42.29% -23.22% -17.97% 0.61%
EBIT Growth		 -759.23% -1.82% -1.94% -14.57% -41.95% -41.25% -44.21% -23.02% -18.24% -0.38%
NOPAT Growth		 -533.87% -1.61% -3.92% -14.64% -21.88% -40.21% -43.60% -22.27% -17.91% -0.44%
Net Income Growth		 -569.54% -1.61% -3.92% -14.64% -21.88% -40.21% -43.60% -22.27% -17.91% -0.44%
EPS Growth		 -559.74% -1.54% -4.55% -13.51% -18.95% -39.81% -42.11% -21.28% -17.39% 0.93%
Operating Cash Flow Growth		 61.55% -13.85% 153.25% -82.44% -71.70% 47.47% -261.04% -71.23% 773.89% -57.37%
Free Cash Flow Firm Growth		 91.57% 41.21% 25.22% 62.17% 69.45% -21.53% -497.78% -280.25% -261.32% -157.08%
Invested Capital Growth		 -2.25% 15.93% 34.29% 22.44% 15.73% 36.29% 83.95% 139.08% 98.82% 44.26%
Revenue Q/Q Growth		 -192.63% 0.60% -1.19% 6.24% -6.16% 2.41% -5.25% -8.44% -4.69% 8.39%
EBITDA Q/Q Growth		 -557.57% -0.20% 0.72% 11.24% 28.84% -0.36% -10.87% -21.68% -12.50% -5.52%
EBIT Q/Q Growth		 -680.25% -0.04% 0.51% 13.08% -13.59% -0.16% -12.43% -23.17% -12.54% -5.19%
NOPAT Q/Q Growth		 -611.55% 1.53% -1.11% -15.53% 16.00% -0.84% -12.14% -22.69% -11.22% -6.46%
Net Income Q/Q Growth		 -653.60% 1.53% -1.11% -15.53% 16.00% -0.84% -12.14% -22.69% -11.22% -6.46%
EPS Q/Q Growth		 -653.13% 1.59% -1.56% -16.88% 18.46% -1.52% -10.81% -22.11% -12.04% -5.26%
Operating Cash Flow Q/Q Growth		 -26.82% 130.02% 473.97% -83.28% -60.98% 242.19% -289.26% -73.05% 103.31% 55.28%
Free Cash Flow Firm Q/Q Growth		 92.41% 53.06% -66.99% -41.62% 47.04% 40.29% 15.54% -14.38% -110.69% -295.43%
Invested Capital Q/Q Growth		 -9.73% -10.70% 18.16% 2.62% 7.07% 3.43% 7.73% -3.00% 26.10% 39.60%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 0.00% 31.56% 31.81% 31.21% 43.87% 31.96% 32.84% 34.91% 40.82% 44.46%
EBIT Margin		 0.00% 28.50% 28.68% 28.19% 26.49% 28.76% 29.50% 31.92% 38.04% 41.45%
Profit (Net Income) Margin		 0.00% 22.63% 22.42% 22.40% 28.17% 22.79% 23.54% 25.38% 30.06% 32.27%
Tax Burden Percent		 75.75% 79.40% 78.17% 79.45% 106.36% 79.23% 79.78% 79.52% 79.03% 77.85%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 20.60% 21.83% 20.55% -6.36% 20.77% 20.22% 20.48% 20.97% 22.15%
Return on Invested Capital (ROIC)		 0.00% 2.55% 2.41% 2.73% 3.47% 3.38% 4.23% 5.49% 6.00% 7.31%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 2.55% 2.41% 2.73% 3.47% 3.38% 4.23% 5.49% 6.00% 7.31%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 6.73% 6.84% 6.48% 8.29% 7.30% 6.39% 5.76% 6.90% 7.17%
Return on Equity (ROE)		 0.00% 9.28% 9.26% 9.21% 11.75% 10.68% 10.63% 11.25% 12.90% 14.48%
Cash Return on Invested Capital (CROIC)		 0.65% -12.07% -26.70% -17.23% -11.51% -26.92% -54.08% -75.25% -59.59% -28.54%
Operating Return on Assets (OROA)		 0.00% 0.76% 0.78% 0.77% 0.74% 0.86% 0.96% 1.09% 1.33% 1.48%
Return on Assets (ROA)		 0.00% 0.61% 0.61% 0.61% 0.79% 0.68% 0.77% 0.87% 1.05% 1.15%
Return on Common Equity (ROCE)		 0.00% 9.28% 9.26% 9.21% 11.75% 10.68% 10.63% 11.25% 12.90% 14.48%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 9.10% 9.74% 9.92% 0.00% 12.01% 12.92% 14.63% 0.00% 17.42%
Net Operating Profit after Tax (NOPAT)		 -56 11 11 11 13 11 11 13 17 19
NOPAT Margin		 0.00% 22.63% 22.42% 22.40% 28.17% 22.79% 23.54% 25.38% 30.06% 32.27%
Net Nonoperating Expense Percent (NNEP)		 0.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 52.60% 52.39% 53.05% 49.89% 52.89% 51.19% 50.83% 45.25% 44.22%
Operating Expenses to Revenue		 0.00% 71.09% 70.29% 70.38% 70.90% 70.22% 69.04% 66.50% 60.51% 57.16%
Earnings before Interest and Taxes (EBIT)		 -80 14 14 14 12 14 14 16 21 24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -70 15 15 15 20 16 16 18 23 26
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.05 1.08 0.97 0.96 1.08 0.96 0.92 1.16 1.54 1.63
Price to Tangible Book Value (P/TBV)		 1.21 1.24 1.13 1.12 1.26 1.14 1.08 1.36 1.81 1.93
Price to Revenue (P/Rev)		 5.22 2.82 2.38 2.34 2.64 2.05 2.00 2.48 3.19 3.17
Price to Earnings (P/E)		 0.00 11.83 10.00 9.70 10.60 8.05 7.14 7.95 9.72 9.37
Dividend Yield		 7.28% 7.08% 8.34% 8.51% 7.47% 9.18% 8.96% 7.01% 5.37% 5.28%
Earnings Yield		 0.00% 8.45% 10.00% 10.31% 9.43% 12.42% 14.01% 12.59% 10.28% 10.67%
Enterprise Value to Invested Capital (EV/IC)		 0.95 0.91 0.94 0.93 0.97 0.92 0.89 0.96 1.09 1.12
Enterprise Value to Revenue (EV/Rev)		 15.53 8.64 10.03 8.40 8.47 7.16 6.43 6.23 7.25 5.85
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 27.78 32.15 26.68 23.67 20.27 16.67 14.52 16.10 12.54
Enterprise Value to EBIT (EV/EBIT)		 0.00 30.89 35.77 29.72 28.98 22.19 18.09 15.65 17.38 13.52
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 36.24 42.01 34.75 33.97 27.97 22.92 19.87 22.10 17.20
Enterprise Value to Operating Cash Flow (EV/OCF)		 27.11 32.79 35.27 71.65 51.78 23.70 26.40 15.80 14.02 19.71
Enterprise Value to Free Cash Flow (EV/FCFF)		 144.94 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 2.30 2.63 3.34 2.70 2.57 2.65 2.31 2.04 2.21 1.67
Long-Term Debt to Equity		 2.30 2.63 3.34 2.70 2.57 2.65 2.31 2.04 2.21 1.67
Financial Leverage		 2.43 2.64 2.83 2.37 2.39 2.16 1.51 1.05 1.15 0.98
Leverage Ratio		 14.53 15.34 15.26 15.14 14.97 15.74 13.89 12.99 12.28 12.57
Compound Leverage Factor		 14.53 15.34 15.26 15.14 14.97 15.74 13.89 12.99 12.28 12.57
Debt to Total Capital		 69.67% 72.48% 76.96% 73.00% 71.95% 72.59% 69.83% 67.08% 68.85% 62.57%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 69.67% 72.48% 76.96% 73.00% 71.95% 72.59% 69.83% 67.08% 68.85% 62.57%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 30.33% 27.52% 23.05% 27.00% 28.05% 27.41% 30.17% 32.92% 31.15% 37.43%
Debt to EBITDA		 -47.45 22.19 26.24 20.94 17.54 15.99 13.03 10.18 10.19 6.99
Net Debt to EBITDA		 -42.91 18.72 24.51 19.25 16.28 14.45 11.50 8.73 9.02 5.74
Long-Term Debt to EBITDA		 -47.45 22.19 26.24 20.94 17.54 15.99 13.03 10.18 10.19 6.99
Debt to NOPAT		 -42.24 28.96 34.29 27.27 25.17 22.06 17.92 13.93 13.99 9.60
Net Debt to NOPAT		 -38.19 24.43 32.03 25.07 23.37 19.95 15.81 11.95 12.38 7.87
Long-Term Debt to NOPAT		 -42.24 28.96 34.29 27.27 25.17 22.06 17.92 13.93 13.99 9.60
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -18 -240 -511 -306 -216 -408 -683 -809 -707 -336
Operating Cash Flow to CapEx		 3,904.56% 2,020.35% 690.19% 311.18% 764.44% 5,923.61% -1,119.19% 969.76% 1,778.01% 1,507.45%
Free Cash Flow to Firm to Interest Expense		 -0.37 -4.34 -9.39 -5.71 -4.21 -8.69 -16.37 -25.63 -34.64 -33.25
Operating Cash Flow to Interest Expense		 0.38 0.46 0.21 0.04 0.23 0.64 -0.50 0.35 2.02 2.01
Operating Cash Flow Less CapEx to Interest Expense		 0.38 0.44 0.18 0.02 0.20 0.62 -0.55 0.32 1.90 1.87
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.01 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04
Fixed Asset Turnover		 3.40 5.98 5.96 6.02 6.05 6.52 6.78 7.16 7.23 7.55
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,647 1,825 2,044 1,730 1,685 1,574 1,522 1,413 1,456 1,155
Invested Capital Turnover		 0.06 0.11 0.11 0.12 0.12 0.15 0.18 0.22 0.20 0.23
Increase / (Decrease) in Invested Capital		 -38 251 522 317 229 419 695 822 724 354
Enterprise Value (EV)		 1,563 1,656 1,927 1,609 1,637 1,449 1,359 1,351 1,584 1,295
Market Capitalization		 525 540 458 448 511 415 422 539 697 703
Book Value per Share		 $29.28 $29.44 $27.62 $27.41 $27.75 $25.35 $26.98 $27.10 $26.41 $25.17
Tangible Book Value per Share		 $25.37 $25.51 $23.67 $23.45 $23.78 $21.36 $22.98 $23.12 $22.42 $21.18
Total Capital		 1,647 1,825 2,044 1,730 1,685 1,574 1,522 1,413 1,456 1,155
Total Debt		 1,148 1,323 1,573 1,263 1,213 1,143 1,063 948 1,003 723
Total Long-Term Debt		 1,148 1,323 1,573 1,263 1,213 1,143 1,063 948 1,003 723
Net Debt		 1,038 1,116 1,469 1,161 1,126 1,033 938 813 887 593
Capital Expenditures (CapEx)		 0.48 1.27 1.62 0.63 1.52 0.50 1.88 1.14 2.32 1.34
Net Nonoperating Expense (NNE)		 4.62 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 1,148 1,323 1,573 1,263 1,213 1,143 1,063 948 1,003 723
Total Depreciation and Amortization (D&A)		 10 1.49 1.51 1.47 7.99 1.56 1.60 1.51 1.53 1.74
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($3.54) $0.64 $0.63 $0.64 $0.76 $0.65 $0.66 $0.75 $0.96 $1.08
Adjusted Weighted Average Basic Shares Outstanding		 17.15M 17.06M 17.05M 17.03M 17.03M 17.02M 17.01M 17.07M 17.25M 17.17M
Adjusted Diluted Earnings per Share		 ($3.54) $0.64 $0.63 $0.64 $0.77 $0.65 $0.66 $0.74 $0.95 $1.08
Adjusted Weighted Average Diluted Shares Outstanding		 17.15M 17.14M 17.11M 17.07M 17.06M 17.04M 17.03M 17.17M 17.38M 17.30M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 19.28M 17.06M 17.06M 17.05M 17.03M 17.03M 17.02M 17.02M 17.16M 17.18M
Normalized Net Operating Profit after Tax (NOPAT)		 -56 11 11 11 8.52 11 11 13 17 19
Normalized NOPAT Margin		 0.00% 22.63% 22.42% 22.40% 18.54% 22.79% 23.54% 25.38% 30.06% 32.27%
Pre Tax Income Margin		 0.00% 28.50% 28.68% 28.19% 26.49% 28.76% 29.50% 31.92% 38.04% 41.45%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -1.64 0.25 0.25 0.26 0.24 0.30 0.34 0.51 1.03 2.38
NOPAT to Interest Expense		 -1.15 0.20 0.20 0.20 0.25 0.24 0.27 0.41 0.81 1.85
EBIT Less CapEx to Interest Expense		 -1.65 0.23 0.22 0.25 0.21 0.29 0.29 0.47 0.91 2.24
NOPAT Less CapEx to Interest Expense		 -1.16 0.18 0.17 0.19 0.22 0.23 0.22 0.37 0.70 1.72
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 -136.84% 84.08% 83.73% 83.22% 80.19% 74.07% 64.30% 55.73% 52.52% 49.65%
Augmented Payout Ratio		 -136.84% 84.24% 83.89% 83.38% 98.48% 90.94% 80.55% 82.52% 65.74% 62.24%

Frequently Asked Questions About Washington Trust Bancorp's Financials

When does Washington Trust Bancorp's fiscal year end?

According to the most recent income statement we have on file, Washington Trust Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Washington Trust Bancorp's net income changed over the last 2 years?

Washington Trust Bancorp's net income appears to be on a downward trend, with a most recent value of -$28.06 million in 2024, falling from $71.68 million in 2022. The previous period was $48.18 million in 2023. See Washington Trust Bancorp's forecast for analyst expectations on what’s next for the company.

How has Washington Trust Bancorp revenue changed over the last 2 years?

Over the last 2 years, Washington Trust Bancorp's total revenue changed from $218.59 million in 2022 to $100.65 million in 2024, a change of -54.0%.

How much debt does Washington Trust Bancorp have?

Washington Trust Bancorp's total liabilities were at $6.43 billion at the end of 2024, a 4.4% decrease from 2023, and a 3.6% increase since 2022.

How much cash does Washington Trust Bancorp have?

In the past 2 years, Washington Trust Bancorp's cash and equivalents has ranged from $21.53 million in 2024 to $115.49 million in 2022, and is currently $21.53 million as of their latest financial filing in 2024.

How has Washington Trust Bancorp's book value per share changed over the last 2 years?

Over the last 2 years, Washington Trust Bancorp's book value per share changed from 26.41 in 2022 to 29.28 in 2024, a change of 10.9%.


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This page (NASDAQ:WASH) was last updated on 5/31/2025 by MarketBeat.com Staff
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