Tax Rate: 21.56%
Is the tax rate high or low?
The tax rate of 21.56% is in line with its 5-year average of 20.09%, near the high end of its 5-year range (-6.36%–22.71%).
3.28% below its 12-month average of 22.29%.
WASH Tax Rate
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
WASH Average Tax Rate Chart
WASH Current vs Average Tax Rate Chart
WASH Tax Rate Metrics
TAX RATE
21.56%
TAX RATE AVG TTM
22.29%
TAX RATE AVG 3Y
21.45%
TAX RATE AVG 5Y
21.49%
TAX RATE AVG 10Y
21.47%
TAX RATE AVG 15Y
26.24%
TAX RATE AVG 20Y
27.21%
CURRENT VS TTM AVG
-3.28%
CURRENT VS 3Y AVG
+0.53%
CURRENT VS 5Y AVG
+0.34%
CURRENT VS 10Y AVG
+0.43%
CURRENT VS 15Y AVG
-17.83%
CURRENT VS 20Y AVG
-20.76%
Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Tax Rate FAQ
- What is the tax rate for Washington Trust Bancorp, Inc. (WASH)?
- The tax rate for WASH stock is 21.56%.
- Is Washington Trust Bancorp, Inc.'s tax rate high or low?
- The tax rate of 21.56% is in line with its 5-year average of 20.09%, near the high end of its 5-year range (-6.36%–22.71%).
- What is the TTM average tax rate for Washington Trust Bancorp, Inc. (WASH)?
- The TTM average tax rate for WASH stock is 22.29%.
- What is the 3Y average tax rate for Washington Trust Bancorp, Inc. (WASH)?
- The 3Y average tax rate for WASH stock is 21.45%.
- What is the 5Y average tax rate for Washington Trust Bancorp, Inc. (WASH)?
- The 5Y average tax rate for WASH stock is 21.49%.
- What is the 10Y average tax rate for Washington Trust Bancorp, Inc. (WASH)?
- The 10Y average tax rate for WASH stock is 21.47%.
- What is the 15Y average tax rate for Washington Trust Bancorp, Inc. (WASH)?
- The 15Y average tax rate for WASH stock is 26.24%.
- What is the 20Y average tax rate for Washington Trust Bancorp, Inc. (WASH)?
- The 20Y average tax rate for WASH stock is 27.21%.
WASH Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2026-03-31 | 21.56% |
| 2025-12-31 | 22.71% |
| 2025-09-30 | 22.21% |
| 2025-06-30 | 22.69% |
| 2025-03-31 | 22.27% |
| 2024-09-30 | 20.60% |
| 2024-06-30 | 21.83% |
| 2024-03-31 | 20.55% |
| 2023-12-31 | -6.36% |
| 2023-09-30 | 20.77% |
| 2023-06-30 | 20.22% |
| 2023-03-31 | 20.48% |
| 2022-12-31 | 20.97% |
| 2022-09-30 | 22.15% |
| 2022-06-30 | 21.09% |
| 2022-03-31 | 21.25% |
| 2021-12-31 | 21.29% |
| 2021-09-30 | 22.10% |
| 2021-06-30 | 21.83% |
| 2021-03-31 | 21.66% |
| 2020-12-31 | 22.90% |
| 2020-09-30 | 21.88% |
| 2020-06-30 | 20.86% |
| 2020-03-31 | 20.87% |
| 2019-12-31 | 21.76% |
| 2019-09-30 | 21.77% |
| 2019-06-30 | 21.25% |
| 2019-03-31 | 21.68% |
| 2018-12-31 | 20.98% |
| 2018-09-30 | 21.31% |
| 2018-06-30 | 21.15% |
| 2018-03-31 | 20.79% |
| 2017-12-31 | 62.25% |
| 2017-09-30 | 32.80% |
| 2017-06-30 | 33.01% |
| 2017-03-31 | 32.69% |
| 2016-12-31 | 32.56% |
| 2016-09-30 | 32.23% |
| 2016-06-30 | 31.79% |
| 2016-03-31 | 33.40% |
| 2015-12-31 | 33.23% |
| 2015-09-30 | 32.72% |
| 2015-06-30 | 31.89% |
| 2015-03-31 | 32.00% |
| 2014-12-31 | 31.80% |
| 2014-09-30 | 31.64% |
| 2014-06-30 | 31.89% |
| 2014-03-31 | 31.70% |
| 2013-12-31 | 31.03% |
| 2013-09-30 | 31.50% |
| 2013-06-30 | 31.42% |
| 2013-03-31 | 31.60% |
| 2012-12-31 | 30.75% |
| 2012-09-30 | 30.29% |
| 2012-06-30 | 31.70% |
| 2012-03-31 | 31.50% |
| 2011-12-31 | 29.73% |
| 2011-09-30 | 30.50% |
| 2011-06-30 | 30.50% |
| 2011-03-31 | 30.50% |
| 2010-12-31 | 30.43% |
| 2010-09-30 | 30.65% |
| 2010-06-30 | 29.44% |
| 2010-03-31 | 29.09% |
| 2009-12-31 | 28.70% |
| 2009-09-30 | 27.44% |
| 2009-06-30 | 28.08% |
| 2009-03-31 | 29.31% |
| 2008-12-31 | 3.81% |
| 2008-09-30 | 21.18% |
| 2008-06-30 | 31.61% |
| 2008-03-31 | 31.80% |
| 2007-12-31 | 31.11% |
| 2007-09-30 | 31.34% |
| 2007-06-30 | 31.39% |
| 2007-03-31 | 31.39% |
| 2006-12-31 | 33.79% |
| 2006-09-30 | 32.45% |
| 2006-06-30 | 32.00% |
| 2006-03-31 | 32.00% |
| 2005-12-31 | 32.65% |
| 2005-09-30 | 32.49% |
| 2005-06-30 | 32.00% |
| 2005-03-31 | 32.00% |
| 2004-12-31 | 31.40% |
| 2004-09-30 | 31.41% |
| 2004-06-30 | 31.40% |
| 2004-03-31 | 31.40% |
| 2003-12-31 | 31.03% |
| 2003-09-30 | 31.14% |
| 2003-06-30 | 31.00% |
| 2003-03-31 | 31.00% |
| 2002-12-31 | 30.38% |
| 2002-09-30 | 31.00% |
| 2002-06-30 | 31.00% |
Related Metrics
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.
- Sector
- Financial Services
- Industry
- Banks - Regional
- CEO
- Edward Otis Handy