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Washington Trust Bancorp (WASH) Financials

Washington Trust Bancorp logo
$37.47 +0.40 (+1.08%)
As of 11:30 AM Eastern
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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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 43 46 46 68 69 70 77 72 48 -28 52
Consolidated Net Income / (Loss)		 43 46 46 68 69 70 77 72 48 -28 52
Net Income / (Loss) Continuing Operations		 43 46 46 68 69 70 77 72 48 -28 52
Total Pre-Tax Income 		64 69 78 87 88 89 98 91 56 -39 67
Total Revenue		 162 176 184 194 200 227 229 219 193 101 229
Net Interest Income / (Expense)		 104 110 120 132 133 127 288 156 137 128 153
Total Interest Income		 126 133 150 176 198 170 158 194 309 341 318
Loans and Leases Interest Income		 115 121 130 154 170 149 142 171 275 306 276
Investment Securities Interest Income		 10 13 19 22 26 20 14 22 29 28 37
Other Interest Income		 0.14 0.32 0.67 1.02 1.67 0.46 0.18 1.62 4.98 6.98 5.79
Total Interest Expense		 22 23 30 44 64 42 17 38 172 212 165
Deposits Interest Expense		 13 13 15 24 37 26 12 26 120 146 124
Long-Term Debt Interest Expense		 0.87 0.49 0.61 0.87 0.98 0.64 0.37 0.74 1.54 1.59 1.37
Federal Funds Purchased and Securities Sold Interest Expense		 7.75 9.99 14 19 26 16 3.80 12 50 65 40
Total Non-Interest Income		 58 65 65 62 67 99 87 63 56 -28 76
Service Charges on Deposit Accounts		 - 3.70 3.67 3.63 3.68 2.74 2.68 3.19 2.81 3.03 3.24
Other Service Charges		 19 18 16 15 20 55 36 15 13 20 19
Net Realized & Unrealized Capital Gains on Investments		 2.44 3.24 3.21 2.46 3.94 3.99 4.34 2.76 1.39 -92 9.12
Investment Banking Income		 35 38 39 38 37 35 41 39 36 39 41
Other Non-Interest Income		 1.98 2.66 2.16 2.20 2.35 2.49 2.93 2.59 3.49 3.04 3.35
Provision for Credit Losses		 1.05 5.65 2.60 1.55 1.58 12 -4.82 -1.30 3.20 2.40 9.20
Total Non-Interest Expense		 97 101 104 106 111 125 135 129 134 137 152
Salaries and Employee Benefits		 63 68 69 69 73 83 87 84 82 86 92
Net Occupancy & Equipment Expense		 13 13 13 12 12 12 12 13 14 14 14
Marketing Expense		 1.53 1.46 1.48 1.41 1.53 1.47 1.84 2.59 2.56 2.63 2.92
Property & Liability Insurance Claims		 1.85 1.88 1.65 1.61 0.62 1.82 1.59 1.69 4.67 5.51 4.58
Other Operating Expenses		 16 16 19 21 23 26 31 27 29 28 38
Amortization Expense		 0.90 1.28 1.04 0.98 0.94 0.91 0.89 0.86 0.84 0.83 0.76
Income Tax Expense		 21 22 32 18 19 19 21 19 8.31 -11 15
Basic Earnings per Share		 $2.57 $2.72 $2.66 $3.95 $3.98 $4.03 $4.43 $4.14 $2.82 ($1.63) $2.72
Weighted Average Basic Shares Outstanding		 16.88M 17.08M 17.21M 17.27M 17.33M 17.28M 17.31M 17.25M 17.03M 17.15M 19.18M
Diluted Earnings per Share		 $2.54 $2.70 $2.64 $3.93 $3.96 $4.00 $4.39 $4.11 $2.82 ($1.63) $2.71
Weighted Average Diluted Shares Outstanding		 17.07M 17.21M 17.34M 17.39M 17.41M 17.40M 17.46M 17.38M 17.06M 17.15M 19.28M
Weighted Average Basic & Diluted Shares Outstanding		 16.90M 17.10M 17.30M 17.30M 17.36M 17.27M 17.33M 17.16M 17.03M 19.28M 19.04M
Cash Dividends to Common per Share		 $1.36 $1.46 $1.54 $1.76 $2.00 $2.05 $2.10 $2.18 $2.24 $2.24 $2.24

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 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 13 11 11 11 -61 12 13 11 16 13 16
Consolidated Net Income / (Loss)		 13 11 11 11 -61 12 13 11 16 13 16
Net Income / (Loss) Continuing Operations		 13 11 11 11 -61 12 13 11 16 13 16
Total Pre-Tax Income 		12 14 14 14 -80 16 17 14 21 16 20
Total Revenue		 46 49 48 49 -45 59 54 56 59 58 60
Net Interest Income / (Expense)		 -70 32 32 32 -61 36 37 39 41 41 42
Total Interest Income		 84 85 86 88 82 79 79 81 79 75 75
Loans and Leases Interest Income		 76 77 78 78 75 69 69 70 68 65 66
Investment Securities Interest Income		 7.19 7.10 6.94 6.80 7.02 8.83 9.24 9.38 9.11 8.78 8.48
Other Interest Income		 1.28 1.20 1.30 3.17 1.31 1.99 1.03 1.48 1.29 0.91 1.00
Total Interest Expense		 51 54 54 55 49 43 42 42 38 34 33
Deposits Interest Expense		 37 38 37 37 34 32 31 31 30 27 28
Long-Term Debt Interest Expense		 0.41 0.41 0.40 0.40 0.38 0.35 0.35 0.35 0.33 0.31 0.31
Federal Funds Purchased and Securities Sold Interest Expense		 14 15 17 18 14 11 10 11 7.70 6.78 5.49
Total Non-Interest Income		 13 17 17 16 -78 23 17 18 19 17 19
Service Charges on Deposit Accounts		 0.69 0.69 0.77 0.78 0.79 0.74 0.81 0.84 0.84 0.79 0.84
Other Service Charges		 2.89 6.12 4.42 4.60 4.41 4.14 4.65 5.28 4.84 4.76 5.13
Net Realized & Unrealized Capital Gains on Investments		 0.11 0.28 1.04 0.13 -94 7.10 0.68 0.27 1.08 0.23 0.58
Investment Banking Income		 8.88 9.34 9.68 9.99 10 9.89 10 10 11 11 11
Other Non-Interest Income		 0.73 0.74 0.75 0.77 0.78 0.77 0.83 0.87 0.89 0.89 0.90
Provision for Credit Losses		 1.20 0.70 0.50 0.20 1.00 1.20 0.60 6.80 0.60 4.00 1.60
Total Non-Interest Expense		 33 34 34 35 34 42 37 36 38 38 39
Salaries and Employee Benefits		 18 22 21 21 22 22 23 23 24 24 25
Net Occupancy & Equipment Expense		 3.53 3.58 3.36 3.32 3.36 3.63 3.59 3.61 3.49 3.79 3.62
Marketing Expense		 0.94 0.55 0.66 0.86 0.56 0.41 0.72 0.76 1.03 0.55 0.77
Property & Liability Insurance Claims		 1.24 1.44 1.40 1.40 1.27 1.26 1.24 1.06 1.03 0.94 0.95
Other Operating Expenses		 8.21 6.81 7.02 7.37 7.02 14 7.76 7.43 8.63 8.00 7.78
Amortization Expense		 0.21 0.21 0.21 0.21 0.20 0.20 0.20 0.20 0.16 0.16 0.16
Income Tax Expense		 -0.77 2.83 3.02 2.85 -19 3.49 3.89 3.10 4.69 3.46 4.29
Basic Earnings per Share		 $0.76 $0.64 $0.63 $0.64 ($3.54) $0.63 $0.69 $0.57 $0.83 $0.66 $0.84
Weighted Average Basic Shares Outstanding		 17.03M 17.03M 17.05M 17.06M 17.15M 19.28M 19.29M 19.13M 19.18M 19.04M 19.06M
Diluted Earnings per Share		 $0.77 $0.64 $0.63 $0.64 ($3.54) $0.63 $0.68 $0.56 $0.84 $0.66 $0.83
Weighted Average Diluted Shares Outstanding		 17.06M 17.07M 17.11M 17.14M 17.15M 19.37M 19.37M 19.24M 19.28M 19.17M 19.20M
Weighted Average Basic & Diluted Shares Outstanding		 17.03M 17.05M 17.06M 17.06M 19.28M 19.29M 19.16M 19.03M 19.04M 19.07M 19.07M

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 17 10 -25 11 45 64 -24 -60 -28 24 -10
Net Cash From Operating Activities		 52 60 59 83 73 36 101 113 32 58 80
Net Cash From Continuing Operating Activities		 52 60 59 83 73 36 101 113 32 58 80
Net Income / (Loss) Continuing Operations		 43 46 46 68 69 70 77 72 48 -28 52
Consolidated Net Income / (Loss)		 43 46 46 68 69 70 77 72 48 -28 52
Provision For Loan Losses		 1.05 5.65 2.60 1.55 1.58 12 -4.82 -1.30 3.20 2.40 9.20
Depreciation Expense		 3.38 3.65 3.45 3.28 3.29 3.18 3.41 3.47 4.01 3.93 3.46
Amortization Expense		 2.47 4.06 4.46 3.84 5.44 6.63 4.34 3.75 8.66 11 10
Non-Cash Adjustments to Reconcile Net Income		 7.77 6.08 6.42 4.22 -9.71 -47 22 32 -12 73 -2.79
Changes in Operating Assets and Liabilities, net		 -5.88 -6.18 -3.48 1.55 3.73 -8.28 -0.69 3.35 -21 -4.01 7.74
Net Cash From Investing Activities		 -166 -625 -180 -482 -160 -264 -241 -999 -551 231 305
Net Cash From Continuing Investing Activities		 -166 -625 -180 -482 -160 -264 -241 -999 -551 231 305
Purchase of Property, Leasehold Improvements and Equipment		 -5.48 -3.11 -2.78 -3.97 -3.13 -3.41 -3.49 -6.14 -5.05 -4.00 -2.01
Purchase of Investment Securities		 -291 -804 -290 -570 -427 -792 -677 -1,109 -620 -218 -77
Sale of Property, Leasehold Improvements and Equipment		 0.00 0.51 0.00 0.00 0.21 - - 0.00 0.00 1.67 12
Sale and/or Maturity of Investments		 130 181 113 93 270 529 439 116 74 451 372
Net Cash From Financing Activities		 131 576 95 410 132 292 116 826 491 -265 -396
Net Cash From Continuing Financing Activities		 131 576 95 410 132 292 116 826 491 -265 -396
Net Change in Deposits		 179 129 179 281 -25 879 602 39 329 -232 154
Issuance of Debt		 496 1,429 1,353 2,040 1,982 1,989 1,294 3,156 3,515 2,385 1,857
Issuance of Common Equity		 1.56 0.98 0.37 - - -0.47 -0.18 0.00 0.00 71 0.00
Repayment of Debt		 -523 -959 -1,410 -1,881 -1,791 -2,737 -1,743 -2,321 -3,305 -2,450 -2,356
Repurchase of Common Equity		 - - - -0.67 0.27 -4.32 0.00 -9.48 -8.81 0.00 -7.36
Payment of Dividends		 -23 -25 -26 -29 -34 -35 -36 -38 -39 -38 -43
Other Financing Activities, Net		 - 0.00 0.00 -1.22 - 201 0.18 -0.82 -0.75 -0.03 -0.40
Cash Interest Paid		 22 22 30 41 64 45 18 32 157 217 174
Cash Income Taxes Paid		 20 20 26 17 20 21 20 18 9.93 7.24 -0.14

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 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -23 15 1.94 103 -97 6.35 47 25 -89 -3.55 27
Net Cash From Operating Activities		 12 1.95 11 26 19 8.45 11 40 21 16 23
Net Cash From Continuing Operating Activities		 12 1.96 11 26 19 8.47 11 40 21 16 23
Net Income / (Loss) Continuing Operations		 13 11 11 11 -61 12 13 11 16 13 16
Consolidated Net Income / (Loss)		 13 11 11 11 -61 12 13 11 16 13 16
Provision For Loan Losses		 1.20 0.70 0.50 0.20 1.00 1.20 0.60 6.80 0.60 4.00 1.60
Depreciation Expense		 1.00 1.00 1.00 0.98 0.96 0.89 0.88 0.85 0.83 0.81 0.82
Amortization Expense		 6.99 2.61 0.52 0.51 9.20 2.41 2.61 2.78 2.66 2.31 1.09
Non-Cash Adjustments to Reconcile Net Income		 -7.60 -6.06 -2.29 5.31 76 -0.80 -14 3.74 8.02 2.77 -1.54
Changes in Operating Assets and Liabilities, net		 -2.89 -7.23 0.64 7.87 -7.42 -7.42 7.74 15 -7.36 -6.34 5.16
Net Cash From Investing Activities		 -27 -27 63 141 54 359 -108 35 20 146 -59
Net Cash From Continuing Investing Activities		 -27 -27 63 141 54 359 -108 35 20 146 -59
Purchase of Property, Leasehold Improvements and Equipment		 -1.52 -0.63 -1.62 -1.27 -0.48 -0.09 -0.40 -0.34 -1.17 -1.31 -1.09
Purchase of Investment Securities		 -52 -38 54 114 -347 38 -80 -2.18 6.48 120 -89
Sale and/or Maturity of Investments		 26 12 8.65 29 402 310 -27 37 14 28 31
Net Cash From Financing Activities		 -7.16 40 -72 -64 -170 -361 144 -50 -129 -166 63
Net Cash From Continuing Financing Activities		 -7.16 40 -72 -64 -170 -361 144 -50 -129 -166 63
Net Change in Deposits		 -67 -0.27 -372 196 -56 -75 4.67 178 47 -105 194
Issuance of Debt		 620 860 910 200 415 270 752 465 370 635 380
Issuance of Common Equity		 0.64 -0.02 -0.25 - 71 -0.04 -0.26 -0.04 0.34 -0.10 -0.31
Repayment of Debt		 -550 -810 -600 -450 -590 -545 -601 -675 -535 -685 -500
Payment of Dividends		 -9.57 -9.55 -9.73 -9.56 -9.56 -11 -11 -11 -11 -11 -11
Other Financing Activities, Net		 -0.75 -0.01 - - 0.10 -0.02 - - -0.22 -0.01 -0.00
Cash Interest Paid		 49 55 60 54 49 50 43 42 39 35 34
Cash Income Taxes Paid		 3.10 3.42 1.23 2.33 0.26 0.02 - 0.01 -0.17 3.40 2.12

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 3,772 4,381 4,530 5,011 5,293 5,713 5,851 6,660 7,203 6,931 6,622
Cash and Due from Banks		 93 106 80 90 132 194 175 115 55 22 29
Interest Bearing Deposits at Other Banks		 - - - - - - - - 32 88 61
Trading Account Securities		 395 756 793 938 899 895 1,043 994 1,000 1,198 940
Loans and Leases, Net of Allowance		 2,986 3,208 3,348 3,653 3,866 4,152 4,234 5,072 -41 -42 -37
Allowance for Loan and Lease Losses		 27 26 26 27 27 44 39 38 41 42 37
Loans Held for Sale		 39 29 27 21 28 62 40 8.99 20 22 36
Premises and Equipment, Net		 30 29 28 29 29 29 29 32 32 27 25
Goodwill		 64 64 64 64 64 64 64 64 64 64 64
Intangible Assets		 11 10 9.14 8.16 7.22 6.31 5.41 4.55 3.71 2.89 4.30
Other Assets		 154 178 181 207 267 312 261 370 6,037 5,549 5,498
Total Liabilities & Shareholders' Equity		 3,772 4,381 4,530 5,011 5,293 5,713 5,851 6,660 7,203 6,931 6,622
Total Liabilities		 3,396 3,990 4,117 4,563 4,789 5,179 5,286 6,206 6,730 6,431 6,078
Non-Interest Bearing Deposits		 - - 578 603 610 832 945 859 694 662 595
Interest Bearing Deposits		 2,934 3,064 2,664 2,921 2,889 3,546 4,035 4,160 4,654 4,454 4,675
Long-Term Debt		 402 872 814 973 1,164 617 168 1,003 1,213 1,148 649
Other Long-Term Liabilities		 60 55 60 65 126 184 139 185 169 167 159
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 375 391 413 448 503 534 565 454 473 500 544
Total Preferred & Common Equity		 375 391 413 448 503 534 565 454 473 500 544
Total Common Equity		 375 391 413 448 503 534 565 454 473 500 544
Common Stock		 112 116 119 121 124 127 128 128 127 198 200
Retained Earnings		 273 294 318 356 390 418 458 492 502 434 443
Treasury Stock		 - - - - 0.00 -3.36 -1.12 -8.72 -15 -13 -19
Accumulated Other Comprehensive Income / (Loss)		 -9.70 -20 -24 -28 -11 -7.39 -20 -158 -141 -119 -79

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 6,859 7,012 7,183 7,249 7,184 7,142 6,586 6,745 6,718 6,459 6,548
Cash and Due from Banks		 135 125 109 102 104 207 33 44 36 28 26
Interest Bearing Deposits at Other Banks		 - - - - - - 83 120 144 60 89
Trading Account Securities		 1,055 1,022 959 970 952 973 918 971 962 912 885
Loans and Leases, Net of Allowance		 5,189 5,342 5,571 5,643 5,587 5,472 -41 -41 -37 -41 -43
Allowance for Loan and Lease Losses		 39 39 40 42 42 43 41 41 37 41 43
Loans Held for Sale		 7.45 21 11 25 26 21 22 36 31 32 34
Premises and Equipment, Net		 32 33 32 32 32 32 26 26 25 26 26
Goodwill		 64 64 64 64 64 64 64 64 64 64 64
Intangible Assets		 4.34 4.13 3.92 3.50 3.30 3.09 2.68 2.48 4.46 4.15 3.99
Other Assets		 373 401 434 409 417 369 5,479 5,524 5,488 5,374 5,462
Total Liabilities & Shareholders' Equity		 6,859 7,012 7,183 7,249 7,184 7,142 6,586 6,745 6,718 6,459 6,548
Total Liabilities		 6,394 6,553 6,752 6,782 6,713 6,639 6,064 6,218 6,185 5,912 5,994
Non-Interest Bearing Deposits		 830 758 773 649 646 666 626 647 671 585 644
Interest Bearing Deposits		 4,439 4,556 4,642 4,699 4,330 4,506 4,415 4,399 4,552 4,579 4,715
Long-Term Debt		 948 1,063 1,143 1,263 1,573 1,323 873 1,024 814 599 479
Other Long-Term Liabilities		 178 175 194 172 165 145 151 149 148 149 157
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 465 459 431 467 471 502 522 528 533 547 554
Total Preferred & Common Equity		 465 459 431 467 471 502 522 528 533 547 554
Total Common Equity		 465 459 431 467 471 502 522 528 533 547 554
Common Stock		 129 127 127 128 127 128 199 199 199 200 199
Retained Earnings		 495 497 499 503 504 506 435 438 438 445 450
Treasury Stock		 -17 -16 -16 -15 -14 -14 -13 -13 -19 -19 -18
Accumulated Other Comprehensive Income / (Loss)		 -142 -149 -179 -149 -146 -117 -99 -96 -85 -78 -77

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 17,001,557.00 17,121,527.00 17,220,879.00 17,294,570.00 17,350,703.00 17,264,769.00 17,327,584.00 - - - 19,034,935.00
DEI Adjusted Shares Outstanding		 17,001,557.00 17,121,527.00 17,220,879.00 17,294,570.00 17,350,703.00 17,264,769.00 17,327,584.00 - - - 19,034,935.00
DEI Earnings Per Adjusted Shares Outstanding		 2.56 2.71 2.67 3.96 3.98 4.04 4.44 - - - 2.74
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.40% 8.18% 4.97% 5.46% 3.13% 13.16% 0.86% -4.47% -11.60% -47.91% 127.57%
EBITDA Growth		 8.66% 9.08% 11.74% 9.66% 3.29% 2.13% 7.04% -7.12% -29.72% -134.98% 436.28%
EBIT Growth		 7.56% 7.01% 12.76% 11.66% 1.72% 1.11% 10.12% -7.15% -38.05% -168.73% 273.66%
NOPAT Growth		 6.47% 6.94% -1.20% 49.01% 1.00% 1.03% 10.08% -6.75% -32.79% -156.40% 292.27%
Net Income Growth		 6.47% 6.94% -1.20% 49.01% 1.00% 1.03% 10.08% -6.75% -32.79% -158.24% 286.19%
EPS Growth		 5.39% 6.30% -2.22% 48.86% 0.76% 1.01% 9.75% -6.38% -31.39% -157.80% 266.26%
Operating Cash Flow Growth		 1,873.57% 14.33% -0.61% 39.56% -11.39% -50.33% 176.36% 12.10% -72.03% 82.48% 39.26%
Free Cash Flow Firm Growth		 144.33% -1,153.00% 118.46% -255.31% -40.61% 431.61% -15.61% -231.72% 72.27% 105.96% 4,604.40%
Invested Capital Growth		 0.23% 62.46% -2.78% 15.83% 17.31% -31.00% -36.35% 98.82% 15.73% -2.25% -27.63%
Revenue Q/Q Growth		 0.89% 2.63% 0.65% 1.01% -0.21% 5.27% -0.83% -1.32% -4.53% -47.46% 83.47%
EBITDA Q/Q Growth		 0.02% 3.45% 3.45% 0.25% -1.08% 4.77% 0.62% -4.77% -3.27% -140.58% 520.17%
EBIT Q/Q Growth		 -0.49% 2.91% 4.17% 0.48% -1.89% 4.97% 1.63% -4.88% -13.48% -172.42% 301.21%
NOPAT Q/Q Growth		 -1.02% 3.15% -8.34% 15.25% -2.12% 4.54% 2.16% -4.80% -7.00% -159.49% 322.77%
Net Income Q/Q Growth		 -1.02% 3.15% -8.34% 15.25% -2.12% 4.54% 2.16% -4.80% -7.00% -161.43% 313.06%
EPS Q/Q Growth		 -1.93% 3.45% -8.65% 15.59% -2.22% 4.17% 2.33% -4.64% -6.00% -160.82% 262.28%
Operating Cash Flow Q/Q Growth		 3.23% 81.97% -20.32% 11.60% 18.80% -32.75% -19.49% 71.91% -48.29% 14.20% 2.66%
Free Cash Flow Firm Q/Q Growth		 142.52% -62.73% 172.84% 96.36% -105.26% 237.00% -23.20% -133.70% 50.77% 105.26% 11.57%
Invested Capital Q/Q Growth		 0.28% 15.86% -1.89% -70.20% 12.88% -16.00% -8.51% 26.10% 7.07% -9.73% -11.47%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 43.24% 43.60% 46.41% 48.26% 48.33% 43.62% 46.29% 45.01% 35.78% -24.03% 35.51%
EBIT Margin		 39.64% 39.21% 42.12% 44.59% 43.98% 39.30% 42.91% 41.71% 29.23% -38.57% 29.43%
Profit (Net Income) Margin		 26.78% 26.47% 24.91% 35.20% 34.47% 30.78% 33.59% 32.79% 24.93% -27.88% 22.81%
Tax Burden Percent		 67.55% 67.51% 59.15% 78.94% 78.38% 78.32% 78.29% 78.62% 85.30% 72.28% 77.50%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 32.45% 32.49% 40.85% 21.06% 21.62% 21.68% 21.71% 21.38% 14.70% 0.00% 22.50%
Return on Invested Capital (ROIC)		 5.60% 4.56% 3.69% 5.17% 4.47% 4.96% 8.16% 6.55% 3.07% -1.63% 3.68%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.60% 4.56% 3.69% 5.17% 4.47% 4.96% 8.16% 6.55% 3.07% -1.71% 3.68%
Return on Net Nonoperating Assets (RNNOA)		 6.45% 7.57% 7.73% 10.72% 10.05% 8.50% 5.83% 7.53% 7.33% -4.14% 6.34%
Return on Equity (ROE)		 12.05% 12.13% 11.42% 15.89% 14.53% 13.46% 13.99% 14.08% 10.40% -5.77% 10.02%
Cash Return on Invested Capital (CROIC)		 5.37% -43.04% 6.51% -9.50% -11.45% 41.64% 52.58% -59.59% -11.51% 0.65% 35.74%
Operating Return on Assets (OROA)		 1.75% 1.69% 1.74% 1.82% 1.71% 1.62% 1.70% 1.46% 0.81% -0.55% 0.99%
Return on Assets (ROA)		 1.18% 1.14% 1.03% 1.43% 1.34% 1.27% 1.33% 1.15% 0.70% -0.40% 0.77%
Return on Common Equity (ROCE)		 12.05% 12.13% 11.42% 15.89% 14.53% 13.46% 13.99% 14.08% 10.40% -5.77% 10.02%
Return on Equity Simple (ROE_SIMPLE)		 11.58% 11.89% 11.11% 15.27% 13.73% 13.07% 13.61% 15.80% 10.19% -5.61% 9.61%
Net Operating Profit after Tax (NOPAT)		 43 46 46 68 69 70 77 72 48 -27 52
NOPAT Margin		 26.78% 26.47% 24.91% 35.20% 34.47% 30.78% 33.59% 32.79% 24.93% -27.00% 22.81%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08% 0.00%
SG&A Expenses to Revenue		 47.49% 47.04% 45.16% 42.64% 42.99% 42.41% 44.35% 45.43% 51.22% 101.85% 47.59%
Operating Expenses to Revenue		 59.71% 57.57% 56.47% 54.61% 55.23% 55.26% 59.20% 58.89% 69.12% 136.18% 66.55%
Earnings before Interest and Taxes (EBIT)		 64 69 78 87 88 89 98 91 56 -39 67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 70 77 86 94 97 99 106 98 69 -24 81
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.21 1.72 1.60 1.36 1.43 1.19 1.47 1.54 1.08 1.05 1.00
Price to Tangible Book Value (P/TBV)		 1.51 2.12 1.94 1.63 1.67 1.37 1.68 1.81 1.26 1.21 1.14
Price to Revenue (P/Rev)		 2.80 3.82 3.58 3.15 3.60 2.79 3.64 3.19 2.64 5.22 2.37
Price to Earnings (P/E)		 10.44 14.44 14.37 8.94 10.45 9.08 10.86 9.72 10.60 0.00 10.39
Dividend Yield		 5.10% 3.73% 4.02% 4.98% 4.81% 5.58% 4.37% 5.37% 7.47% 7.28% 7.86%
Earnings Yield		 9.58% 6.93% 6.96% 11.19% 9.57% 11.02% 9.21% 10.28% 9.43% 0.00% 9.63%
Enterprise Value to Invested Capital (EV/IC)		 0.98 1.14 1.14 1.05 1.05 0.92 1.13 1.09 0.97 0.95 0.92
Enterprise Value to Revenue (EV/Rev)		 4.70 8.18 7.56 7.69 8.75 4.66 3.60 7.25 8.47 15.53 4.80
Enterprise Value to EBITDA (EV/EBITDA)		 10.86 18.76 16.30 15.93 18.10 10.67 7.79 16.10 23.67 0.00 13.53
Enterprise Value to EBIT (EV/EBIT)		 11.85 20.86 17.96 17.24 19.89 11.85 8.40 17.38 28.98 0.00 16.32
Enterprise Value to NOPAT (EV/NOPAT)		 17.54 30.90 30.36 21.85 25.38 15.13 10.73 22.10 33.97 0.00 21.06
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.58 24.04 23.48 18.04 23.88 28.95 8.18 14.02 51.78 27.11 13.70
Enterprise Value to Free Cash Flow (EV/FCFF)		 18.29 0.00 17.21 0.00 0.00 1.80 1.67 0.00 0.00 144.94 2.17
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.07 2.23 1.97 2.17 2.31 1.15 0.30 2.21 2.57 2.30 1.19
Long-Term Debt to Equity		 1.07 2.23 1.97 2.17 2.31 1.15 0.30 2.21 2.57 2.30 1.19
Financial Leverage		 1.15 1.66 2.10 2.07 2.25 1.72 0.71 1.15 2.39 2.43 1.72
Leverage Ratio		 10.20 10.64 11.08 11.07 10.83 10.61 10.52 12.28 14.97 14.53 12.99
Compound Leverage Factor		 10.20 10.64 11.08 11.07 10.83 10.61 10.52 12.28 14.97 14.53 12.99
Debt to Total Capital		 51.69% 69.04% 66.33% 68.47% 69.81% 53.58% 22.89% 68.85% 71.95% 69.67% 54.41%
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% 0.00%
Long-Term Debt to Total Capital		 51.69% 69.04% 66.33% 68.47% 69.81% 53.58% 22.89% 68.85% 71.95% 69.67% 54.41%
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% 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% 0.00%
Common Equity to Total Capital		 48.31% 30.96% 33.67% 31.53% 30.19% 46.42% 77.11% 31.15% 28.05% 30.33% 45.59%
Debt to EBITDA		 5.72 11.38 9.51 10.38 12.01 6.23 1.58 10.19 17.54 -47.45 7.98
Net Debt to EBITDA		 4.39 10.00 8.58 9.42 10.65 4.27 -0.07 9.02 16.28 -42.91 6.86
Long-Term Debt to EBITDA		 5.72 11.38 9.51 10.38 12.01 6.23 1.58 10.19 17.54 -47.45 7.98
Debt to NOPAT		 9.24 18.75 17.73 14.22 16.84 8.83 2.18 13.99 25.17 -42.24 12.42
Net Debt to NOPAT		 7.10 16.47 15.99 12.91 14.93 6.05 -0.10 12.38 23.37 -38.19 10.68
Long-Term Debt to NOPAT		 9.24 18.75 17.73 14.22 16.84 8.83 2.18 13.99 25.17 -42.24 12.42
Noncontrolling Interest Sharing Ratio		 0.00% 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)		 42 -439 81 -126 -177 587 495 -652 -181 11 507
Operating Cash Flow to CapEx		 953.82% 2,296.27% 2,136.92% 2,085.46% 2,515.76% 1,070.99% 2,888.60% 1,840.79% 626.05% 2,472.90% 0.00%
Free Cash Flow to Firm to Interest Expense		 1.91 -19.09 2.70 -2.85 -2.75 13.81 29.90 -16.95 -1.05 0.05 3.08
Operating Cash Flow to Interest Expense		 2.40 2.60 1.98 1.88 1.14 0.86 6.09 2.94 0.18 0.27 0.49
Operating Cash Flow Less CapEx to Interest Expense		 2.15 2.49 1.88 1.79 1.10 0.78 5.88 2.78 0.15 0.26 0.55
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.01 0.03
Fixed Asset Turnover		 5.69 5.99 6.43 6.78 6.95 7.88 7.92 7.23 6.05 3.40 8.76
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 777 1,262 1,227 1,422 1,668 1,151 732 1,456 1,685 1,647 1,192
Invested Capital Turnover		 0.21 0.17 0.15 0.15 0.13 0.16 0.24 0.20 0.12 0.06 0.16
Increase / (Decrease) in Invested Capital		 1.79 485 -35 194 246 -517 -418 724 229 -38 -455
Enterprise Value (EV)		 762 1,436 1,394 1,495 1,754 1,056 825 1,584 1,637 1,563 1,100
Market Capitalization		 454 671 660 611 722 634 832 697 511 525 543
Book Value per Share		 $22.08 $22.83 $24.00 $25.91 $29.02 $30.94 $32.60 $26.41 $27.75 $29.28 $28.56
Tangible Book Value per Share		 $17.64 $18.49 $19.76 $21.75 $24.92 $26.87 $28.60 $22.42 $23.78 $25.37 $24.97
Total Capital		 777 1,262 1,227 1,422 1,668 1,151 732 1,456 1,685 1,647 1,192
Total Debt		 402 872 814 973 1,164 617 168 1,003 1,213 1,148 649
Total Long-Term Debt		 402 872 814 973 1,164 617 168 1,003 1,213 1,148 649
Net Debt		 308 765 734 883 1,032 422 -7.58 887 1,126 1,038 558
Capital Expenditures (CapEx)		 5.48 2.60 2.78 3.97 2.92 3.41 3.49 6.14 5.05 2.33 -9.78
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.89 0.00
Net Nonoperating Obligations (NNO)		 402 872 814 973 1,164 617 168 1,003 1,213 1,148 649
Total Depreciation and Amortization (D&A)		 5.85 7.71 7.92 7.13 8.73 9.81 7.75 7.22 13 15 14
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.57 $2.72 $2.66 $3.95 $3.98 $4.03 $4.43 $4.14 $2.82 ($1.63) $2.72
Adjusted Weighted Average Basic Shares Outstanding		 16.88M 17.08M 17.21M 17.27M 17.33M 17.28M 17.31M 17.25M 17.03M 17.15M 19.18M
Adjusted Diluted Earnings per Share		 $2.54 $2.70 $2.64 $3.93 $3.96 $4.00 $4.39 $4.11 $2.82 ($1.63) $2.71
Adjusted Weighted Average Diluted Shares Outstanding		 17.07M 17.21M 17.34M 17.39M 17.41M 17.40M 17.46M 17.38M 17.06M 17.15M 19.28M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $3.98 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 17.02M 17.19M 17.23M 17.30M 17.36M 17.27M 17.33M 17.16M 17.03M 19.28M 19.04M
Normalized Net Operating Profit after Tax (NOPAT)		 44 46 46 68 69 70 77 72 48 -27 52
Normalized NOPAT Margin		 27.21% 26.12% 24.71% 35.13% 34.47% 30.78% 33.59% 32.79% 24.93% -27.00% 22.81%
Pre Tax Income Margin		 39.64% 39.21% 42.12% 44.59% 43.98% 39.30% 42.91% 41.71% 29.23% -38.57% 29.43%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.96 2.99 2.58 1.97 1.37 2.10 5.93 2.37 0.33 -0.18 0.41
NOPAT to Interest Expense		 2.00 2.02 1.53 1.55 1.08 1.64 4.64 1.86 0.28 -0.13 0.32
EBIT Less CapEx to Interest Expense		 2.70 2.88 2.49 1.88 1.33 2.02 5.72 2.21 0.30 -0.19 0.47
NOPAT Less CapEx to Interest Expense		 1.75 1.91 1.44 1.46 1.03 1.56 4.43 1.70 0.25 -0.14 0.38
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 52.39% 53.00% 57.27% 42.83% 49.46% 50.84% 47.29% 52.52% 80.19% -136.84% 82.93%
Augmented Payout Ratio		 52.39% 53.00% 57.27% 43.81% 49.07% 57.03% 47.29% 65.74% 98.48% -136.84% 97.02%

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 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - 19,276,147.00 19,291,108.00 19,155,214.00 19,034,935.00 19,039,948.00 19,065,593.00
DEI Adjusted Shares Outstanding		 - - - - - 19,276,147.00 19,291,108.00 19,155,214.00 19,034,935.00 19,039,948.00 19,065,593.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - 0.63 0.69 0.57 0.84 0.66 0.84
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -16.63% -3.26% 0.88% -0.90% -197.82% 20.97% 12.47% 16.35% 231.80% -2.09% 11.43%
EBITDA Growth		 -10.39% -13.53% -2.29% -2.13% -447.60% 9.21% 17.91% 0.55% 131.56% 1.06% 7.53%
EBIT Growth		 -41.95% -14.57% -1.94% -1.82% -759.23% 13.83% 23.84% 0.82% 125.76% 2.51% 18.30%
NOPAT Growth		 -21.88% -14.64% -3.92% -1.61% -533.87% 11.37% 22.47% -1.23% 128.44% 3.46% 20.66%
Net Income Growth		 -21.88% -14.64% -3.92% -1.61% -569.54% 11.37% 22.47% -1.23% 126.28% 3.46% 20.66%
EPS Growth		 -18.95% -13.51% -4.55% -1.54% -559.74% -1.56% 7.94% -12.50% 123.73% 4.76% 22.06%
Operating Cash Flow Growth		 -71.70% -82.44% 153.25% -13.85% 61.55% 333.78% 1.44% 54.05% 11.04% 90.95% 103.73%
Free Cash Flow Firm Growth		 69.45% 62.17% 25.22% 41.21% 91.57% 213.54% 198.96% 303.91% 2,686.34% -24.73% 5.79%
Invested Capital Growth		 15.73% 22.44% 34.29% 15.93% -2.25% -19.38% -24.10% -26.20% -27.63% -17.85% -33.46%
Revenue Q/Q Growth		 -6.16% 6.24% -1.19% 0.60% -192.63% 231.38% -8.13% 4.07% 4.93% -2.40% 4.56%
EBITDA Q/Q Growth		 28.84% 11.24% 0.72% -0.20% -557.57% 124.80% 8.66% -14.76% 37.42% -20.61% 15.62%
EBIT Q/Q Growth		 -13.59% 13.08% 0.51% -0.04% -680.25% 119.53% 9.34% -18.62% 48.23% -22.28% 26.18%
NOPAT Q/Q Growth		 16.00% -15.53% -1.11% 1.53% -611.55% 121.68% 8.75% -18.11% 47.28% -21.12% 26.83%
Net Income Q/Q Growth		 16.00% -15.53% -1.11% 1.53% -653.60% 120.03% 8.75% -18.11% 47.28% -21.12% 26.83%
EPS Q/Q Growth		 18.46% -16.88% -1.56% 1.59% -653.13% 117.80% 7.94% -17.65% 50.00% -21.43% 25.76%
Operating Cash Flow Q/Q Growth		 -60.98% -83.28% 473.97% 130.02% -26.82% -55.10% 34.22% 249.32% -47.25% -22.79% 43.21%
Free Cash Flow Firm Q/Q Growth		 47.04% -41.62% -66.99% 53.06% 92.41% 2,007.26% 45.55% -3.29% -3.67% -44.49% 104.57%
Invested Capital Q/Q Growth		 7.07% 2.62% 18.16% -10.70% -9.73% -15.36% 11.25% -13.18% -11.47% -3.93% -9.89%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 43.87% 31.21% 31.81% 31.56% 0.00% 32.13% 38.00% 31.13% 40.77% 33.16% 36.67%
EBIT Margin		 26.49% 28.19% 28.68% 28.50% 0.00% 26.53% 31.57% 24.69% 34.88% 27.78% 33.52%
Profit (Net Income) Margin		 28.17% 22.40% 22.42% 22.63% 0.00% 20.62% 24.41% 19.21% 26.96% 21.79% 26.43%
Tax Burden Percent		 106.36% 79.45% 78.17% 79.40% 75.75% 77.73% 77.31% 77.79% 77.29% 78.44% 78.85%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 -6.36% 20.55% 21.83% 20.60% 0.00% 22.27% 22.69% 22.21% 22.71% 21.56% 21.15%
Return on Invested Capital (ROIC)		 3.47% 2.73% 2.41% 2.55% 0.00% 1.46% 1.59% 1.51% 4.35% 3.91% 4.79%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.47% 2.73% 2.41% 2.55% 0.00% 1.46% 1.59% 1.51% 4.35% 3.91% 4.79%
Return on Net Nonoperating Assets (RNNOA)		 8.29% 6.48% 6.84% 6.73% 0.00% 3.16% 4.13% 3.12% 7.49% 5.38% 6.65%
Return on Equity (ROE)		 11.75% 9.21% 9.26% 9.28% 0.00% 4.63% 5.72% 4.63% 11.84% 9.29% 11.44%
Cash Return on Invested Capital (CROIC)		 -11.51% -17.23% -26.70% -12.07% 0.65% 19.81% 26.09% 28.68% 35.74% 23.75% 44.47%
Operating Return on Assets (OROA)		 0.74% 0.77% 0.78% 0.76% 0.00% 0.43% 0.53% 0.44% 1.18% 0.97% 1.18%
Return on Assets (ROA)		 0.79% 0.61% 0.61% 0.61% 0.00% 0.33% 0.41% 0.35% 0.91% 0.76% 0.93%
Return on Common Equity (ROCE)		 11.75% 9.21% 9.26% 9.28% 0.00% 4.63% 5.72% 4.63% 11.84% 9.29% 11.44%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 9.92% 9.74% 9.10% 0.00% -5.14% -4.62% -4.60% 0.00% 9.63% 10.01%
Net Operating Profit after Tax (NOPAT)		 13 11 11 11 -56 12 13 11 16 13 16
NOPAT Margin		 28.17% 22.40% 22.42% 22.63% 0.00% 20.62% 24.41% 19.21% 26.96% 21.79% 26.43%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 49.89% 53.05% 52.39% 52.60% 0.00% 44.80% 50.37% 47.89% 47.54% 49.60% 49.13%
Operating Expenses to Revenue		 70.90% 70.38% 70.29% 71.09% 0.00% 71.44% 67.32% 63.27% 64.11% 65.31% 63.83%
Earnings before Interest and Taxes (EBIT)		 12 14 14 14 -80 16 17 14 21 16 20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 20 15 15 15 -70 19 21 18 24 19 22
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.08 0.96 0.97 1.08 1.05 1.04 1.01 1.02 1.00 1.15 1.24
Price to Tangible Book Value (P/TBV)		 1.26 1.12 1.13 1.24 1.21 1.19 1.16 1.17 1.14 1.31 1.41
Price to Revenue (P/Rev)		 2.64 2.34 2.38 2.82 5.22 4.88 4.57 4.35 2.37 2.75 2.93
Price to Earnings (P/E)		 10.60 9.70 10.00 11.83 0.00 0.00 0.00 0.00 10.39 11.89 12.36
Dividend Yield		 7.47% 8.51% 8.34% 7.08% 7.28% 7.97% 8.08% 7.90% 7.86% 6.81% 6.24%
Earnings Yield		 9.43% 10.31% 10.00% 8.45% 0.00% 0.00% 0.00% 0.00% 9.63% 8.41% 8.09%
Enterprise Value to Invested Capital (EV/IC)		 0.97 0.93 0.94 0.91 0.95 0.93 0.90 0.87 0.92 0.99 1.02
Enterprise Value to Revenue (EV/Rev)		 8.47 8.40 10.03 8.64 15.53 11.71 11.93 9.43 4.80 4.99 4.48
Enterprise Value to EBITDA (EV/EBITDA)		 23.67 26.68 32.15 27.78 0.00 0.00 0.00 0.00 13.53 13.95 12.61
Enterprise Value to EBIT (EV/EBIT)		 28.98 29.72 35.77 30.89 0.00 0.00 0.00 0.00 16.32 16.77 14.77
Enterprise Value to NOPAT (EV/NOPAT)		 33.97 34.75 42.01 36.24 0.00 0.00 0.00 0.00 21.06 21.59 18.92
Enterprise Value to Operating Cash Flow (EV/OCF)		 51.78 71.65 35.27 32.79 27.11 20.23 21.68 15.05 13.70 12.92 10.51
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 144.94 4.20 2.97 2.59 2.17 3.77 1.82
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.57 2.70 3.34 2.63 2.30 1.67 1.94 1.53 1.19 1.09 0.86
Long-Term Debt to Equity		 2.57 2.70 3.34 2.63 2.30 1.67 1.94 1.53 1.19 1.09 0.86
Financial Leverage		 2.39 2.37 2.83 2.64 2.43 2.16 2.60 2.06 1.72 1.38 1.39
Leverage Ratio		 14.97 15.14 15.26 15.34 14.53 13.99 13.95 13.39 12.99 12.21 12.30
Compound Leverage Factor		 14.97 15.14 15.26 15.34 14.53 13.99 13.95 13.39 12.99 12.21 12.30
Debt to Total Capital		 71.95% 73.00% 76.96% 72.48% 69.67% 62.59% 65.99% 60.42% 54.41% 52.27% 46.37%
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% 0.00%
Long-Term Debt to Total Capital		 71.95% 73.00% 76.96% 72.48% 69.67% 62.59% 65.99% 60.42% 54.41% 52.27% 46.37%
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% 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% 0.00%
Common Equity to Total Capital		 28.05% 27.00% 23.05% 27.52% 30.33% 37.41% 34.01% 39.58% 45.59% 47.73% 53.63%
Debt to EBITDA		 17.54 20.94 26.24 22.19 -47.45 -38.64 -52.62 -42.04 7.98 7.34 5.76
Net Debt to EBITDA		 16.28 19.25 24.51 18.72 -42.91 -33.49 -44.21 -32.76 6.86 6.27 4.37
Long-Term Debt to EBITDA		 17.54 20.94 26.24 22.19 -47.45 -38.64 -52.62 -42.04 7.98 7.34 5.76
Debt to NOPAT		 25.17 27.27 34.29 28.96 -42.24 -33.77 -43.50 -34.70 12.42 11.37 8.64
Net Debt to NOPAT		 23.37 25.07 32.03 24.43 -38.19 -29.28 -36.55 -27.04 10.68 9.70 6.56
Long-Term Debt to NOPAT		 25.17 27.27 34.29 28.96 -42.24 -33.77 -43.50 -34.70 12.42 11.37 8.64
Noncontrolling Interest Sharing Ratio		 0.00% 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)		 -216 -306 -511 -240 -18 347 506 489 471 262 535
Operating Cash Flow to CapEx		 764.44% 311.18% 690.19% 2,020.35% 3,904.56% 0.00% 2,828.43% 11,517.44% 1,783.11% 1,235.45% 2,129.68%
Free Cash Flow to Firm to Interest Expense		 -4.21 -5.71 -9.39 -4.34 -0.37 8.07 12.14 11.61 12.37 7.59 16.03
Operating Cash Flow to Interest Expense		 0.23 0.04 0.21 0.46 0.38 0.20 0.27 0.94 0.55 0.47 0.69
Operating Cash Flow Less CapEx to Interest Expense		 0.20 0.02 0.18 0.44 0.38 0.47 0.26 0.93 0.52 0.43 0.66
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.01 0.02 0.02 0.02 0.03 0.03 0.04
Fixed Asset Turnover		 6.05 6.02 5.96 5.98 3.40 3.82 4.07 4.36 8.76 8.77 9.04
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,685 1,730 2,044 1,825 1,647 1,394 1,551 1,347 1,192 1,145 1,032
Invested Capital Turnover		 0.12 0.12 0.11 0.11 0.06 0.07 0.07 0.08 0.16 0.18 0.18
Increase / (Decrease) in Invested Capital		 229 317 522 251 -38 -335 -492 -478 -455 -249 -519
Enterprise Value (EV)		 1,637 1,609 1,927 1,656 1,563 1,298 1,395 1,177 1,100 1,137 1,048
Market Capitalization		 511 448 458 540 525 542 535 543 543 626 685
Book Value per Share		 $27.75 $27.41 $27.62 $29.44 $29.28 $27.06 $27.35 $27.83 $28.56 $28.72 $29.03
Tangible Book Value per Share		 $23.78 $23.45 $23.67 $25.51 $25.37 $23.61 $23.90 $24.26 $24.97 $25.14 $25.47
Total Capital		 1,685 1,730 2,044 1,825 1,647 1,394 1,551 1,347 1,192 1,145 1,032
Total Debt		 1,213 1,263 1,573 1,323 1,148 873 1,024 814 649 599 479
Total Long-Term Debt		 1,213 1,263 1,573 1,323 1,148 873 1,024 814 649 599 479
Net Debt		 1,126 1,161 1,469 1,116 1,038 756 860 634 558 511 363
Capital Expenditures (CapEx)		 1.52 0.63 1.62 1.27 0.48 -12 0.40 0.34 1.17 1.31 1.09
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 4.62 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 1,213 1,263 1,573 1,323 1,148 873 1,024 814 649 599 479
Total Depreciation and Amortization (D&A)		 7.99 1.47 1.51 1.49 10 3.31 3.49 3.64 3.49 3.12 1.91
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.76 $0.64 $0.63 $0.64 ($3.54) $0.63 $0.69 $0.57 $0.83 $0.66 $0.84
Adjusted Weighted Average Basic Shares Outstanding		 17.03M 17.03M 17.05M 17.06M 17.15M 19.28M 19.29M 19.13M 19.18M 19.04M 19.06M
Adjusted Diluted Earnings per Share		 $0.77 $0.64 $0.63 $0.64 ($3.54) $0.63 $0.68 $0.56 $0.84 $0.66 $0.83
Adjusted Weighted Average Diluted Shares Outstanding		 17.06M 17.07M 17.11M 17.14M 17.15M 19.37M 19.37M 19.24M 19.28M 19.17M 19.20M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 17.03M 17.05M 17.06M 17.06M 19.28M 19.29M 19.16M 19.03M 19.04M 19.07M 19.07M
Normalized Net Operating Profit after Tax (NOPAT)		 8.52 11 11 11 -56 12 13 11 16 13 16
Normalized NOPAT Margin		 18.54% 22.40% 22.42% 22.63% 0.00% 20.62% 24.41% 19.21% 26.96% 21.79% 26.43%
Pre Tax Income Margin		 26.49% 28.19% 28.68% 28.50% 0.00% 26.53% 31.57% 24.69% 34.88% 27.78% 33.52%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.24 0.26 0.25 0.25 -1.64 0.36 0.41 0.33 0.54 0.47 0.61
NOPAT to Interest Expense		 0.25 0.20 0.20 0.20 -1.15 0.28 0.32 0.26 0.42 0.37 0.48
EBIT Less CapEx to Interest Expense		 0.21 0.25 0.22 0.23 -1.65 0.64 0.40 0.32 0.51 0.43 0.57
NOPAT Less CapEx to Interest Expense		 0.22 0.19 0.17 0.18 -1.16 0.55 0.31 0.25 0.39 0.33 0.45
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 80.19% 83.22% 83.73% 84.08% -136.84% -147.85% -167.72% -171.94% 82.93% 82.06% 77.93%
Augmented Payout Ratio		 98.48% 83.38% 83.89% 84.24% -136.84% -147.85% -168.93% -199.39% 97.02% 82.06% 90.68%

Financials Breakdown Chart

Key Financial Trends

Washington Trust Bancorp’s recent results show a continued recovery from the significant investment-related loss reported in Q4 2024. Net income has remained positive in each reported quarter since then, reaching $16.0 million in Q2 2026, or $0.83 per diluted share, compared with $12.6 million and $0.66 per share in Q1 2026. Q2 2026 earnings also improved from the restated $13.2 million reported in Q2 2025.

Revenue growth has been supported by both net interest income and fee-based businesses. Q2 2026 total revenue rose to $60.5 million, compared with $57.8 million in Q1 2026 and $54.3 million in the restated Q2 2025. Net interest income increased to $41.8 million from $40.5 million in Q1 and $37.2 million a year earlier, while non-interest income reached $18.7 million. Investment banking income remained a major contributor at $11.2 million.

The balance sheet has also become less leveraged than it was in 2024. Total assets declined from approximately $7.18 billion in Q2 2024 to $6.55 billion in Q2 2026, while long-term debt fell from $1.57 billion to $478.7 million. At the same time, total common equity increased from $471.0 million to $553.5 million. However, the bank continues to operate with a relatively thin equity cushion compared with its liabilities, and the data provided does not include enough detail to fully assess regulatory capital ratios or loan-quality metrics.

  • Earnings recovery continues: Net income has remained positive since the Q4 2024 loss, and Q2 2026 earnings increased approximately 27% from Q1 2026.
  • Net interest income is improving: Q2 2026 net interest income of $41.8 million was up from $37.2 million in the restated year-ago quarter, suggesting better spread income and funding conditions.
  • Fee income is a meaningful earnings stabilizer: Non-interest income reached $18.7 million in Q2 2026, with investment banking income contributing $11.2 million.
  • Operating cash flow strengthened: Net cash from operating activities increased to $23.1 million in Q2 2026 from $16.1 million in Q1 and $11.3 million in Q2 2025.
  • Deposit funding improved in the latest quarter: Net deposits increased by $194.2 million during Q2 2026, helping fund operations and investment activity.
  • Debt has declined substantially: Long-term debt fell to $478.7 million in Q2 2026 from more than $1.0 billion in Q2 2025 and $1.57 billion in Q2 2024.
  • Equity has recovered: Total common equity rose to $553.5 million from $527.5 million in Q2 2025 and $471.0 million in Q2 2024, supported by retained earnings and an improved accumulated other comprehensive loss position.
  • Dividend support remains important: The company paid $10.9 million in dividends during Q2 2026. The dividend appears covered by quarterly earnings, but the payout represents a sizable portion of net income.
  • Credit-loss provisions have increased: The Q2 2026 provision was $1.6 million, up from $600,000 in the restated Q2 2025, while the allowance for loan losses increased to $42.6 million from $41.1 million in Q1.
  • Funding and liquidity remain sensitive: Cash and due from banks totaled only $26.4 million at quarter-end, while the company made $88.6 million of investment-security purchases and relied on substantial deposit and debt flows to manage liquidity.

Overall, the statements point to a materially healthier earnings profile than the company had in late 2024. Improving net interest income, stronger operating cash flow, lower debt and higher equity are constructive for investors. The primary risks are rising credit provisions, dependence on investment banking revenue, continued interest-rate sensitivity and the need to maintain adequate liquidity while supporting the dividend.

10/16/26 08:34 AM ETAI Generated. May Contain Errors.

Washington Trust Bancorp Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Washington Trust Bancorp's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Washington Trust Bancorp's net income appears to be on a downward trend, with a most recent value of $52.24 million in 2025, rising from $43.47 million in 2015. The previous period was -$28.06 million in 2024. View Washington Trust Bancorp's forecast to see where analysts expect Washington Trust Bancorp to go next.

Over the last 10 years, Washington Trust Bancorp's total revenue changed from $162.32 million in 2015 to $229.05 million in 2025, a change of 41.1%.

In the past 13 quarters, Washington Trust Bancorp's cash and equivalents has ranged from $26.44 million in Q2 2026 to $206.97 million in Q3 2024, and is currently $26.44 million as of their latest financial filing in Q2 2026.

Washington Trust Bancorp had total debt of $648.68 million at the end of 2025, a 43.5% decrease from 2024, and a 61.5% increase since 2015.

Over the last 10 years, Washington Trust Bancorp's book value per share changed from 22.08 in 2015 to 28.56 in 2025, a change of 29.3%.


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Financial statements for NASDAQ:WASH last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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