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Washington Trust Bancorp Inc

Financial Services US WASH

33.22USD
1.66(5.26%)

Last update at 2026-06-04T20:00:00Z

Day Range

31.6933.48
LowHigh

52 Week Range

20.8932.71
LowHigh

Fundamentals

  • Previous Close 31.56
  • Market Cap444.10M
  • Volume219595
  • P/E Ratio9.68
  • Dividend Yield8.54%
  • Revenue TTM186.39M
  • Revenue Per Share TTM10.95
  • Gross Profit TTM 219.89M
  • Diluted EPS TTM2.69

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 91.17M 98.19M 89.16M 88.18M 86.69M
Minority interest - - - - -
Net income 71.68M 76.87M 69.83M 69.12M 68.43M
Selling general administrative 85.49M 88.89M 84.72M 73.38M 70.89M
Selling and marketing expenses 2.59M 1.84M 1.47M 1.53M 1.41M
Gross profit 218.59M 228.83M 226.89M 200.49M 194.40M
Reconciled depreciation 0.86M 0.89M 4.09M 4.23M 4.26M
Ebit 129.65M 98.19M 89.16M 88.18M 134.09M
Ebitda 130.50M 99.08M 90.07M 89.12M 135.07M
Depreciation and amortization 0.86M 0.89M 0.91M 0.94M 0.98M
Non operating income net other - - - - -
Operating income 129.65M 98.19M 89.16M 88.18M 130.81M
Other operating expenses 5.71M -130.64200M -137.72600M -112.31500M 63.59M
Interest expense 38.48M 16.56M 42.49M 64.25M 44.12M
Tax provision 19.49M 21.32M 19.33M 19.06M 18.26M
Interest income 193.92M 157.56M 167.70M 194.81M 174.04M
Net interest income 155.44M 141.00M 125.20M 130.56M 129.92M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 19.49M 21.32M 19.33M 19.06M 18.26M
Total revenue 218.59M 228.83M 226.89M 200.49M 194.40M
Total operating expenses 5.71M -130.64200M -137.72600M -112.31500M -63.59500M
Cost of revenue - - - - 45.67M
Total other income expense net -38.47500M -16.56000M -42.49200M -64.24900M -44.11700M
Discontinued operations - - - - -
Net income from continuing ops 71.68M 76.87M 69.83M 69.12M 68.43M
Net income applicable to common shares 71.68M 76.65M 69.83M 69.12M 68.43M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 7223.85M 6660.05M 5851.13M 5713.17M 5292.66M
Intangible assets 3.71M 4.55M 5.41M 6.30M 7.22M
Earning assets - - - - 984.44M
Other current assets 122.28M -992.41800M 3458.76M 3585.03M 3222.34M
Total liab 6751.16M 6206.38M 196.69M 648.26M 1193.01M
Total stockholder equity 472.69M 453.67M 564.81M 534.20M 503.49M
Deferred long term liab - 2.10M 1.90M 1.50M 0.91M
Other current liab 4633.26M 5018.96M 4980.05M 894.57M 4766.49M
Common stock 1.08M 1.08M 1.08M 1.08M 1.08M
Capital stock 1.08M 1.08M 1.08M 1.08M 1.08M
Retained earnings 501.92M 492.04M 458.31M 418.25M 390.36M
Other liab - 79.17M 109.58M 152.36M 67.90M
Good will 63.91M 63.91M 63.91M 63.91M 63.91M
Other assets - 6410.02M 3458.76M 3585.03M 3222.34M
Cash 86.82M 115.49M 175.26M 194.14M 132.19M
Cash and equivalents - - - - -
Total current liabilities 5187.50M 29.56M 1100.88M 894.57M 4766.49M
Current deferred revenue - - - - -
Net debt 1157.88M 916.75M 21.43M 454.11M 1060.81M
Short term debt 554.24M 29.56M 1100.88M 894.57M 77.03M
Short long term debt - - - - 77.03M
Short long term debt total 1244.71M 1032.24M 196.69M 648.26M 1193.01M
Other stockholder equity 110.84M 118.34M 125.39M 122.25M 123.28M
Property plant equipment - 31.55M 55.60M 28.87M 28.70M
Total current assets 122.28M 119.93M 1221.35M 1096.84M 1037.94M
Long term investments 1003.74M 996.86M 1046.09M 4213.50M 3893.82M
Net tangible assets - 385.21M 495.49M 463.98M 432.37M
Short term investments 1003.74M 996.86M 1046.09M 902.70M 905.75M
Net receivables - 5.10M 6.60M 4.80M 4.50M
Long term debt 1212.68M 1002.68M 167.68M 22.68M 22.68M
Inventory - - - - 1.11M
Accounts payable - 5018.96M 4980.05M 4378.35M 3498.88M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -141.15300M -157.80000M -19.98100M -7.39100M -11.23700M
Additional paid in capital - - - - -
Common stock total equity - 1.08M 1.08M 1.08M 1.08M
Preferred stock total equity - - - - -
Retained earnings total equity - 492.04M 458.31M 418.25M 390.36M
Treasury stock - -8.71500M -1.11700M -3.35500M -
Accumulated amortization - - - - -
Non currrent assets other 6695.68M -993.92800M -1171.01600M -1031.30100M -1032.37100M
Deferred long term asset charges - - - - -
Non current assets total 7101.56M 130.10M 1171.02M 1031.30M 1032.37M
Capital lease obligations 32.03M 29.56M 29.01M 31.72M 28.86M
Long term debt total - 22.68M 22.68M 22.68M 22.68M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -550.84000M -762.52200M 115.93M -264.41300M -159.52200M
Change to liabilities - 34.07M -39.74700M 49.32M 31.55M
Total cashflows from investing activities - -999.04100M -240.89900M -264.24000M -160.11500M
Net borrowings - 835.00M -448.86000M -547.60500M 190.74M
Total cash from financing activities 491.00M 825.96M 116.31M 291.57M 131.66M
Change to operating activities - 3.35M -0.69100M -8.28000M 3.73M
Net income 48.09M 71.68M 76.87M 69.83M 69.12M
Change in cash -28.23800M -60.07100M -23.77500M 63.81M 44.98M
Begin period cash flow 118.42M 178.49M 202.27M 138.46M 93.47M
End period cash flow 90.18M 118.42M 178.49M 202.27M 138.46M
Total cash from operating activities 33.67M 113.01M 100.81M 36.48M 73.44M
Issuance of capital stock - - - - -
Depreciation 4.85M 4.33M 4.30M 4.09M 4.23M
Other cashflows from investing activities - -230.38000M -353.33700M 3.58M 2.54M
Dividends paid 38.63M 37.65M 36.35M 35.50M 34.19M
Change to inventory - - - - -
Change to account receivables - - - -2.26100M -
Sale purchase of stock -8.81400M -9.47900M -0.17700M -4.32200M 0.27M
Other cashflows from financing activities 328.44M 3194.20M 1895.70M 3068.13M 1957.11M
Change to netincome - 30.68M 16.70M -34.77800M -8.44000M
Capital expenditures 5.05M 6.14M 3.49M 3.41M 3.13M
Change receivables - - - - -
Cash flows other operating - -30.64300M 39.24M -57.70600M -27.52100M
Exchange rate changes - - - - -
Cash and cash equivalents changes - -60.07100M -23.77500M 63.81M 44.98M
Change in working capital -14.24200M 3.35M -0.69100M -8.28000M 3.73M
Stock based compensation 2.06M 3.25M 3.32M 3.77M 3.12M
Other non cash items -3.39900M 29.24M 14.86M -29.79700M -5.28000M
Free cash flow 28.62M 106.87M 97.32M 33.07M 70.30M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
WASH
Washington Trust Bancorp Inc		 1.66 5.26% 33.22 9.68 14.43 2.23 0.90
HDB
HDFC Bank Limited ADR		 0.48 2.04% 24.03 20.81 20.96 0.11 4.77
CIHKY
China Merchants Bank Co Ltd		 0.04 0.15% 30.44 7.78 7.65 0.56 0.90 3.62
DBSDF
DBS Group Holdings Ltd		 1.22 2.50% 50.10 15.29 14.41 5.84 2.36 10.40
CIHHF
China Merchants Bank Co Ltd Class H		 - -% 5.92 6.10 5.67 0.44 0.77 3.43

Reports Covered

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Profile

Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits; various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages, and construction and development loans; commercial and industrial loans comprising working capital, equipment financing, and financing for other business-related purposes; residential real estate loans that consist of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. This segment also provides debit cards; automated teller machines (ATMs); telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services; and investment portfolio and wholesale funding services. The Wealth Management Services segment offers investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services comprising custody and fiduciary services for personal and institutional clients. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.

Washington Trust Bancorp Inc

23 Broad Street, Westerly, RI, United States, 02891

Key Executives

Name Title Year Born
Mr. Edward Otis Handy III Chairman & CEO 1962
Mr. Mark Kenyon Wever Gim Pres & COO 1966
Mr. Ronald S. Ohsberg CPA Sr. EVP, CFO & Treasurer 1965
Ms. Mary E. Noons Exec. VP & Chief Retail Lending Officer of The Washington Trust Company of Westerly 1962
Ms. Maria N. Janes CPA, CPA Exec. VP, Chief Accounting Officer & Controller 1971
Ms. Elizabeth B. Eckel Sr. VP and Chief Marketing & Corp. Communications Officer 1960
Ms. Kristen L. DiSanto Sr. EVP, Chief HR Officer & Corp. Sec. 1970
Mr. Joseph M. Confessore Sr. VP of Wealth Management & Commercial Banking NA
Ms. Mary E. Noons President & COO 1962
Mr. Ronald Stephen Ohsberg CPA Senior EVP, CFO & Treasurer 1965

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