Washington Trust Bancorp, Inc. (WASH)WASHWashington Trust Bancorp, Inc.

Income Statement

Revenue, expenses, and profitability analysis

Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	378.025M	92.058M	91.462M	98.581M	95.924M	95.112M	4.935M	103.858M	101.669M
Cost of Goods Sold	168.319M	38.457M	38.689M	48.912M	42.261M	44.241M	49.903M	55.524M	54.912M
Gross Profit	209.706M	53.601M	52.773M	49.669M	53.663M	50.871M	-44.968M	48.334M	46.757M
Gross Profit Margin	58.2%	58.2%	57.7%	50.4%	55.9%	53.5%	-911.2%	46.5%	46.0%
Total Operating Expenses	142.126M	37.765M	32.105M	35.726M	36.530M	35.202M	35.280M	34.504M	32.922M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	78.898M	25.822M	27.141M	24.492M	1.443M	24.094M	23.701M	23.609M	23.325M
Operating Income (EBIT)	67.807M	16.063M	20.668M	13.943M	17.133M	15.669M	-80.248M	13.830M	13.835M
Operating Margin	17.4%	17.4%	22.6%	14.1%	17.9%	16.5%	-1626.1%	13.3%	13.6%
Income Before Tax (EBT)	67.807M	16.063M	20.668M	13.943M	17.133M	15.669M	-80.248M	13.830M	13.835M
Interest Income	313.610M	74.982M	78.837M	80.945M	78.846M	79.463M	81.839M	87.586M	85.997M
Interest Expense	156.319M	34.457M	38.089M	42.112M	41.661M	43.041M	48.903M	55.324M	54.412M
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	52.665M	12.600M	15.974M	10.846M	13.245M	12.179M	-60.791M	10.981M	10.815M
Income Tax Expense	15.142M	3.463M	4.694M	3.097M	3.888M	3.490M	-19.457M	2.849M	3.020M
Net Profit Margin	13.7%	13.7%	17.5%	11.0%	13.8%	12.8%	-1231.8%	10.6%	10.6%
EBITDA	71.888M	17.025M	21.655M	14.996M	18.212M	16.767M	-79.085M	15.013M	15.040M
EBITDA Margin	18.5%	18.5%	23.7%	15.2%	19.0%	17.6%	-1602.5%	14.5%	14.8%
Depreciation & Amortization	4.081M	962K	987K	1.053M	1.079M	1.098M	1.163M	1.183M	1.205M
EPS Basic	2.76	0.66	0.84	0.57	0.69	0.63	-3.48	0.64	0.63
EPS Diluted	2.73	0.66	0.83	0.56	0.68	0.63	-3.48	0.64	0.63
Shares Outstanding	19.039M	19.039M	19.034M	19.128M	19.285M	19.276M	17.452M	17.058M	17.052M
Diluted Shares Outstanding	19.173M	19.173M	19.159M	19.243M	19.374M	19.370M	17.452M	17.140M	17.110M

Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	381.079M	310.781M	364.799M	257.067M	245.389M	269.378M	264.743M	238.521M
Cost of Goods Sold	174.103M	214.630M	174.761M	37.175M	11.738M	54.834M	65.824M	45.667M
Gross Profit	206.976M	96.151M	190.038M	219.892M	233.651M	214.544M	198.919M	192.854M
Gross Profit Margin	54.3%	30.9%	52.1%	85.5%	95.2%	79.6%	75.1%	80.9%
Total Operating Expenses	139.563M	134.969M	133.557M	128.722M	135.464M	125.384M	110.740M	106.162M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	5.781M	94.399M	89.687M	88.078M	90.730M	86.186M	74.913M	72.295M
Operating Income (EBIT)	67.413M	-38.818M	56.481M	91.170M	98.187M	89.160M	88.179M	86.692M
Operating Margin	17.7%	-12.5%	15.5%	35.5%	40.0%	33.1%	33.3%	36.3%
Income Before Tax (EBT)	67.413M	-38.818M	56.481M	91.170M	98.187M	89.160M	88.179M	86.692M
Interest Income	318.091M	340.678M	308.659M	193.917M	157.559M	169.936M	197.663M	176.407M
Interest Expense	164.903M	212.230M	171.561M	38.475M	16.560M	42.492M	64.249M	44.117M
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	52.244M	-28.059M	48.176M	71.681M	76.870M	69.829M	69.118M	68.432M
Income Tax Expense	15.169M	-10.759M	8.305M	19.489M	21.317M	19.331M	19.061M	18.260M
Net Profit Margin	13.7%	-9.0%	13.2%	27.9%	31.3%	25.9%	26.1%	28.7%
EBITDA	71.630M	-34.058M	61.329M	95.495M	102.488M	93.250M	92.422M	90.953M
EBITDA Margin	18.8%	-11.0%	16.8%	37.1%	41.8%	34.6%	34.9%	38.1%
Depreciation & Amortization	4.217M	4.760M	4.848M	4.325M	4.301M	4.090M	4.243M	4.261M
EPS Basic	2.72	-1.63	2.82	4.14	4.43	4.03	3.98	3.96
EPS Diluted	2.71	-1.63	2.82	4.11	4.39	4.00	3.96	3.93
Shares Outstanding	19.180M	17.149M	17.033M	17.246M	17.310M	17.282M	17.331M	17.272M
Diluted Shares Outstanding	19.281M	17.149M	17.062M	17.381M	17.455M	17.402M	17.414M	17.391M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Washington Trust Bancorp, Inc.

Washington Trust Bancorp, Inc. functions as the holding company for The Washington Trust Company, delivering a diverse range of banking and financial solutions to individuals and corporate clients. The company is structured into two primary divisions: Commercial Banking and Wealth Management Services. The Commercial Banking division extends a wide array of credit products to businesses and individuals. This includes financing for commercial real estate (like mortgages and construction projects), commercial and industrial ventures, residential properties (such as mortgages and home construction), and various consumer needs, including home equity lines, personal installment loans, and even loans for general aviation aircraft. Alongside lending, it provides a comprehensive suite of deposit options, including interest-bearing and non-interest-bearing checking accounts, savings accounts, money market accounts, retirement accounts, and certificates of deposit. Customers also benefit from modern banking conveniences such as debit cards, ATMs, telephone banking, online and mobile platforms, remote deposit capture, and tailored cash management services. The Wealth Management Services segment delivers specialized financial guidance, encompassing investment management, financial planning, and comprehensive trust and estate services for both individual and institutional clients. These services include acting as a trustee, personal representative, custodian, and guardian, managing the settlement of estates, and offering institutional custody and fiduciary support. Additionally, the company operates as a licensed broker-dealer, making available products like variable annuities and college savings plans. As of December 31, 2021, its physical presence included 10 branch locations across southern Rhode Island, 13 within the broader Providence metropolitan area in Rhode Island, and a single branch in southeastern Connecticut. Established in 1800, Washington Trust Bancorp, Inc. has its headquarters in Westerly, Rhode Island.

Westerly, RI

618 employees

www.washtrust.com

Financial Services / Banks - Regional

Sector: Financial Services
Industry: Banks - Regional
CEO: Edward Otis Handy

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