WASH Stock - Washington Trust Bancorp, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $310.78M | $364.80M | $257.07M | $245.39M | $269.38M |
| Gross Profit | $96.15M | $190.04M | $219.89M | $233.65M | $214.54M |
| Gross Margin | 30.9% | 52.1% | 85.5% | 95.2% | 79.6% |
| Operating Income | $-38,818,000 | $56.48M | $91.17M | $98.19M | $89.16M |
| Net Income | $-28,059,000 | $48.18M | $71.68M | $76.87M | $69.83M |
| Net Margin | -9.0% | 13.2% | 27.9% | 31.3% | 25.9% |
| EPS | $-1.63 | $2.82 | $4.14 | $4.43 | $4.03 |
Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers 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 provides various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages and construction loans; commercial and industrial loans; 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 offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits, as well as debit card, automated teller machine, telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services. The Wealth Management Services segment provides 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. This segment serves personal and institutional clients. The company also operates as a licensed broker-dealer; and offers variable annuities and college savings plans. As of December 31, 2021, it had 10 branch offices located in southern Rhode Island, 13 branch offices located in the greater Providence area in Rhode Island, and 1 branch office located in southeastern Connecticut. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| July 22nd 2025 | Piper Sandler | Downgrade | Underweight | $28 |
| May 28th 2025 | BofA Securities | Initiation | Neutral | $28 |
| March 14th 2025 | Seaport Research Partners | Upgrade | Buy | $36 |
| October 22nd 2024 | Piper Sandler | Upgrade | Neutral | $34← $30 |
| January 31st 2024 | Seaport Research Partners | Downgrade | Neutral | - |
| September 12th 2023 | Seaport Research Partners | Initiation | Buy | $34 |
| May 15th 2023 | Piper Sandler | Upgrade | Neutral | $26← $27 |
| April 24th 2023 | Piper Sandler | Downgrade | Underweight | - |
| October 26th 2022 | Compass Point | Downgrade | Neutral | $49← $60 |
| April 7th 2022 | Piper Sandler | Downgrade | Neutral | $56← $62 |
Earnings History & Surprises
WASHEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 20, 2026 | — | — | — | — |
Q1 2026 | Feb 4, 2026 | $0.74 | — | — | — |
Q4 2025 | Oct 20, 2025 | $0.46 | $0.56 | +21.7% | ✓ BEAT |
Q3 2025 | Jul 21, 2025 | $0.63 | $0.68 | +7.9% | ✓ BEAT |
Q2 2025 | Apr 21, 2025 | $0.62 | $0.61 | -1.6% | ✗ MISS |
Q1 2025 | Jan 29, 2025 | $0.58 | $0.59 | +1.7% | ✓ BEAT |
Q4 2024 | Oct 21, 2024 | $0.56 | $0.64 | +14.3% | ✓ BEAT |
Q3 2024 | Jul 22, 2024 | $0.49 | $0.63 | +28.6% | ✓ BEAT |
Q2 2024 | Apr 22, 2024 | $0.45 | $0.64 | +42.2% | ✓ BEAT |
Q1 2024 | Jan 24, 2024 | $0.57 | $0.76 | +33.3% | ✓ BEAT |
Q4 2023 | Oct 23, 2023 | $0.58 | $0.65 | +12.1% | ✓ BEAT |
Q3 2023 | Jul 24, 2023 | $0.63 | $0.66 | +4.8% | ✓ BEAT |
Q2 2023 | Apr 24, 2023 | $0.90 | $0.74 | -17.8% | ✗ MISS |
Q1 2023 | Jan 25, 2023 | $1.09 | $0.95 | -12.8% | ✗ MISS |
Q4 2022 | Oct 24, 2022 | $1.00 | $1.08 | +8.0% | ✓ BEAT |
Q3 2022 | Jul 25, 2022 | $0.91 | $1.14 | +25.3% | ✓ BEAT |
Q2 2022 | Apr 25, 2022 | $0.92 | $0.94 | +2.2% | ✓ BEAT |
Q1 2022 | Jan 26, 2022 | $0.98 | $1.27 | +29.6% | ✓ BEAT |
Q4 2021 | Oct 25, 2021 | $0.93 | $1.07 | +15.1% | ✓ BEAT |
Q3 2021 | Jul 21, 2021 | $1.07 | $1.00 | -6.5% | ✗ MISS |
Latest News
Washington Trust Adds Clover To Its Business Banking Services
📈 PositiveKeefe, Bruyette & Woods Maintains Market Perform on Washington Trust Bancorp, Raises Price Target to $30
📈 PositiveWashington Trust Bancorp Q3 EPS $0.56 Beats $0.53 Estimate, Sales $56.469M Beat $38.570M Estimate
📈 PositivePiper Sandler Maintains Underweight on Washington Trust Bancorp, Lowers Price Target to $27
📉 NegativeWashington Trust Bancorp Says Q3 2025 Expected To Hit By $11.3M Charge-Offs; Expects To Recognize $7.0M Provision For Credit Losses On Loans In Q3
📉 NegativeFrequently Asked Questions about WASH
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