WASH · Washington Trust Bancorp Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $229.05M | $100.65M | $193.24M | $218.59M | $228.83M | $226.89M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $3.46M | $3.93M | $4.85M | $4.33M | $4.30M | $4.09M |
| Operating Income | $67.41M | ($38.82M) | $56.48M | $91.17M | $89.16M | $89.16M |
| Interest Expense | - | - | $171.56M | $38.48M | $16.56M | $42.49M |
| Income Tax | $15.17M | ($10.76M) | $8.30M | $19.49M | $21.32M | $19.33M |
| Net Income | $52.24M | ($28.06M) | $48.18M | $71.68M | $76.87M | $69.83M |
| EPS - Basic | $2.72 | ($1.63) | $2.82 | $4.14 | $4.43 | $4.03 |
| EPS - Diluted | $2.71 | ($1.63) | $2.82 | $4.11 | $4.39 | $4.00 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $103.73M | $113.89M | $90.18M | $118.42M | $178.49M | $82.92M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $6.62B | $6.93B | $7.20B | $6.66B | $5.85B | $5.71B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $6.08B | $6.43B | $6.73B | $6.21B | $5.29B | $5.18B |
| Stockholders' Equity | $543.58M | $499.73M | $472.69M | $453.67M | $564.81M | $534.20M |
| Retained Earnings | $442.74M | $434.01M | $501.92M | $492.04M | $458.31M | $418.25M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $80.31M | $57.67M | $31.60M | $113.01M | $100.81M | $36.48M |
| Investing Cash Flow | $305.43M | $231.30M | ($550.84M) | ($999.04M) | ($240.90M) | ($264.24M) |
| Financing Cash Flow | ($395.89M) | ($265.27M) | $491.00M | $825.96M | $116.31M | $291.57M |
| CapEx | $2.00M | $4.00M | $5.05M | $6.14M | $3.49M | $3.41M |
| Free Cash Flow | $78.31M | $53.67M | $26.55M | $106.87M | $97.32M | $33.07M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 29.4% | -38.6% | 29.2% | 41.7% | 39.0% | 39.3% |
| EBITDA margin | 30.9% | -34.7% | 31.7% | 43.7% | 40.8% | 41.1% |
| Net margin | 22.8% | -27.9% | 24.9% | 32.8% | 33.6% | 30.8% |
| Free cash flow margin | 34.2% | 53.3% | 13.7% | 48.9% | 42.5% | 14.6% |
| FCF / Net income | 1.50 | -1.91 | 0.55 | 1.49 | 1.27 | 0.47 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 22.5% | - | 14.7% | 21.4% | 21.7% | 21.7% |
| Return on assets | 0.8% | -0.4% | 0.7% | 1.1% | 1.3% | 1.2% |
| Return on equity | 9.6% | -5.6% | 10.2% | 15.8% | 13.6% | 13.1% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | 0.3x | 2.4x | 5.4x | 2.1x |
| Equity multiplier | 12.18 | 13.87 | 15.24 | 14.68 | 10.36 | 10.69 |
| Liabilities / Assets | 0.92 | 0.93 | 0.93 | 0.93 | 0.90 | 0.91 |
| Efficiency | ||||||
| Asset turnover | 0.03 | 0.01 | 0.03 | 0.03 | 0.04 | 0.04 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 10.9x | - | 11.5x | 11.5x | 12.8x | 11.2x |
| P / B | 1.0x | 1.1x | 1.2x | 1.8x | 1.7x | 1.5x |
| P / S | 2.5x | 5.3x | 2.9x | 3.8x | 4.3x | 3.4x |
| EV / EBITDA | 6.6x | - | 7.5x | 7.3x | 8.6x | 7.5x |
| Growth | ||||||
| Revenue growth (YoY) | 127.6% | -47.9% | -11.6% | -4.5% | 0.9% | 13.2% |
| Revenue CAGR (3y) | 1.6% | -23.9% | -5.2% | 2.9% | 9.2% | - |
| Revenue CAGR (5y) | 0.2% | -12.9% | 1.9% | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | -38.0% | 2.3% | 0.0% | 1.1% |
| Net income growth (YoY) | - | - | -32.8% | -6.8% | 10.1% | 1.0% |
| EPS growth (YoY) | - | - | -31.4% | -6.4% | 9.7% | 1.0% |
| EPS CAGR (3y) | -13.0% | - | -11.0% | 1.2% | 3.8% | 14.9% |
| EPS CAGR (5y) | -7.5% | - | -6.4% | 9.3% | 10.2% | 9.5% |
| FCF growth (YoY) | 45.9% | 102.1% | -75.2% | 9.8% | 194.3% | -53.0% |
| FCF CAGR (5y) | 18.8% | -5.3% | -19.6% | 13.6% | 11.8% | -6.4% |
| Book value growth (YoY) | 8.8% | 5.7% | 4.2% | -19.7% | 5.7% | 6.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$173.23M totalTotalnoninterestincomeinscopeof Topic606$57.74M · 33.3%
Totalrevenuesinscopeof Topic606$57.74M · 33.3%
Investment Advisory Management And Administrative Service$41.24M · 23.8%
Gain On Sale Of Bank Owned Properties Net$6.99M · 4.0%
Card Interchange Fees$5.14M · 3.0%
Deposit Account$3.24M · 1.9%
Other Noninterest Income$1.14M · 0.7%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: State Commercial Banks
Comparing WASHINGTON TRUST BANCORP INC against the 5 most active filers in the same SIC group.
Dividends
$2.24/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 1, 2026 | $0.5600 |
| Jan 2, 2026 | $0.5600 |
| Oct 1, 2025 | $0.5600 |
| Jul 1, 2025 | $0.5600 |
| Apr 1, 2025 | $0.5600 |
| Jan 2, 2025 | $0.5600 |
| Oct 1, 2024 | $0.5600 |
| Jul 1, 2024 | $0.5600 |
| Mar 28, 2024 | $0.5600 |
| Dec 29, 2023 | $0.5600 |
| Sep 29, 2023 | $0.5600 |
| Jun 30, 2023 | $0.5600 |
| Mar 31, 2023 | $0.5600 |
| Dec 30, 2022 | $0.5600 |
| Sep 30, 2022 | $0.5400 |
| Jun 30, 2022 | $0.5400 |
| Mar 31, 2022 | $0.5400 |
| Dec 31, 2021 | $0.5400 |
| Sep 30, 2021 | $0.5200 |
| Jun 30, 2021 | $0.5200 |
| Mar 31, 2021 | $0.5200 |
| Dec 31, 2020 | $0.5200 |
| Sep 30, 2020 | $0.5100 |
| Jun 30, 2020 | $0.5100 |