Washington Trust Bancorp, Inc. WASH R2K

Financial Services · Banks - Regional · United States

https://www.washtrust.com

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, Banking and Wealth Management Services. The Banking segment offers deposit accounts, including noninterest-bearing demand deposits, interest-bearing demand deposits, now accounts, money market accounts, savings 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.

Market & Price

Market Cap

$620.97M

Current Price

$32.57

High / Low (52W)

$36.43 / $24.55

Beta

0.73

Valuation

Stock P/E

11.89

Industry PE

12.01

Forward P/E

9.53

PEG Ratio

2.76

Book Value

$28.56

Price to Book

1.14

P/S

2.88

EV/EBITDA

Dividend Yield

6.87%

Profitability & Returns

ROCE

ROE

9.86%

ROA

0.81%

Profit Margin

24.40%

Op Margin

31.87%

EPS (Latest Qtr)

$0.66

EPS (TTM)

$2.74

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

Current Ratio

Debt

$666.75M

Total Assets

$6.62B

Current Assets

Working Capital

Ownership

Promoter Holding

1.32%

Chg in Prom Hold

FII / Inst Holding

72.69%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$1.16B

Total Revenue (TTM)

$215.81M

EBITDA

Free Cash Flow

Operating Cash Flow

$88.00M

Shares Outstanding

19.07M

Gross Margin

0.00%

Payout Ratio

81.75%

Growth (CAGR)

Revenue 5Y

0.53%

Profit 5Y

-10.01%

Revenue (YoY)

-7.00%

Earnings (YoY)

4.80%

PROS

Excellent profit margin of 24.4%.
Attractive dividend yield of 6.87%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Earnings shrank at -10.0% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	WASH Washington Trust Bancorp, Inc. R2K	32.57	11.89	$620.97M	6.87%	-	9.86%	0.53%	-10.01%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	11.74M	-	11.35M	11.87M	11.51M	-	10.74M	10.44M	11.20M	-	12.88M	12.66M	12.70M	12.65M	12.41M	11.95M	10.85M	11.33M	11.22M	11.44M	12.01M	-	-	52.07M	54.26M	56.47M	59.25M	57.83M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43.04M	41.66M	42.11M	38.09M	34.46M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15.67M	17.13M	13.94M	20.67M	16.06M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.49M	3.89M	3.10M	4.69M	3.46M
Net Income	10.21M	10.74M	10.94M	11.06M	12.33M	12.16M	11.78M	13.20M	12.96M	7.98M	16.21M	17.67M	17.51M	17.04M	17.50M	17.27M	18.81M	15.54M	11.90M	21.04M	18.32M	18.57M	20.47M	17.46M	18.75M	16.48M	19.96M	18.67M	12.81M	11.26M	11.16M	10.94M	10.81M	-	-	12.18M	13.24M	10.85M	15.97M	12.60M
Diluted EPS	0.60	0.62	0.64	0.64	0.72	0.70	0.68	0.76	0.75	0.46	0.93	1.01	1.01	0.98	1.00	0.99	1.08	0.89	0.68	1.21	1.06	1.07	1.17	1.00	1.07	0.94	1.14	1.08	0.74	0.66	0.65	0.64	0.63	-	-	0.63	0.68	0.56	0.83	0.66

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	47.99M	47.07M	45.93M	45.15M	-	218.59M	193.24M	97.56M	222.05M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	38.48M	171.56M	212.23M	164.90M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	91.17M	56.48M	-38.82M	67.41M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	19.49M	8.30M	-10.76M	15.17M
Net Income	16.10M	24.05M	29.72M	35.07M	36.15M	40.82M	43.47M	46.48M	45.92M	68.43M	69.12M	69.83M	-	71.68M	48.18M	-28.06M	52.24M
Diluted EPS	1.00	1.49	1.82	2.13	2.16	2.41	2.54	2.70	2.64	3.93	3.96	4.00	-	4.11	2.82	-1.63	2.71

Compounded Sales Growth

5 Years:	0.53%
1 Year:	-7.00%

Compounded Profit Growth

5 Years:	-10.01%
1 Year:	4.80%

Stock Price Performance

1 Year:	+27.00%
6 Months:	+18.02%
3 Months:	-1.68%
1 Month:	+5.00%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Jun 2017	Dec 2017	Sep 2018	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	2.91B	3.06B	3.07B	3.19B	3.59B	3.77B	4.38B	-	4.53B	-	5.01B	5.29B	5.71B	-	6.66B	7.20B	6.93B	6.62B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	58.19M	57.26M	92.74M	87.02M	92.65M	85.32M	80.35M	97.63M	107.80M	82.92M	82.92M	93.47M	93.47M	138.46M	-	-	115.49M	86.82M	109.90M	90.86M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liabilities	-	-	2.64B	2.78B	2.78B	2.86B	3.24B	3.40B	3.99B	-	4.12B	-	4.56B	4.79B	5.18B	-	6.21B	6.73B	6.43B	6.08B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00B	1.21B	1.15B	648.68M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.03B	1.24B	1.18B	687.41M
Total Equity	235.11M	254.95M	268.86M	281.35M	295.65M	329.65M	346.28M	375.39M	390.80M	-	413.28M	-	448.18M	503.49M	534.20M	-	453.67M	472.69M	499.73M	543.58M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17.36M	17.36M	19.56M	19.56M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	6.62M	30.44M	37.20M	5.47M	79.82M	2.65M	52.26M	59.75M	59.38M	82.88M	73.44M	36.48M	-	113.01M	31.60M	57.67M	80.31M
Investing Cash Flow	97.27M	10.15M	-158.58M	25.34M	-184.06M	-357.37M	-165.88M	-625.38M	-179.71M	-481.83M	-160.12M	-264.24M	-	-999.04M	-550.84M	231.30M	305.43M
Financing Cash Flow	-104.82M	-5.11M	115.66M	-25.17M	96.91M	349.76M	130.91M	575.79M	95.45M	409.51M	131.66M	291.57M	-	825.96M	491.00M	-265.27M	-395.89M
Capital Expenditure	-5.56M	-1.68M	-3.64M	-5.11M	-1.49M	-5.23M	-5.48M	-3.11M	-2.78M	-3.97M	-3.13M	-3.41M	-	-6.14M	-5.05M	-4.00M	-4.18M
Free Cash Flow	1.07M	28.76M	33.55M	357.00K	78.33M	-2.58M	46.78M	56.64M	56.61M	78.90M	70.30M	33.07M	-	106.87M	26.55M	53.67M	76.12M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-60.07M	-28.24M	23.70M	-10.15M
Share Buybacks	-	-	-	-	-	-	-	-	-	0	0	4.32M	0	9.48M	8.81M	0	7.36M
Dividends Paid	13.44M	13.58M	14.21M	15.13M	16.63M	19.72M	22.77M	24.64M	26.30M	29.31M	34.19M	35.50M	36.35M	37.65M	38.63M	38.40M	43.33M

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	-	-	-	-	-	-	-	-	95.7%	145.4%	150.5%	154.7%	-	32.8%	24.9%	-28.8%	23.5%
ROE %	6.3%	8.9%	10.6%	11.9%	11.0%	11.8%	11.6%	11.9%	11.1%	15.3%	13.7%	13.1%	-	15.8%	10.2%	-5.6%	9.6%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

1.32%

Institutions

72.69%

Public Float

73.66%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	12.88%	2.46M	$79.99M
2	FMR, LLC	5.22%	994.98K	$32.41M
3	Vanguard Capital Management LLC	4.47%	851.86K	$27.75M
4	Dimensional Fund Advisors LP	3.64%	693.20K	$22.58M
5	Franklin Resources, Inc.	3.44%	655.87K	$21.36M
6	State Street Corporation	3.03%	577.41K	$18.81M
7	Geode Capital Management, LLC	2.56%	487.84K	$15.89M
8	Two Sigma Investments, LP	2.10%	400.67K	$13.05M
9	Hotchkis & Wiley Capital Management, LLC	1.61%	306.76K	$9.99M
10	Drexel Morgan & Company	1.58%	300.80K	$9.80M

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