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Financials · WASH

Washington Trust Bancorp Inc. (WASH) financials

For the twelve months ended Sep 30, 2026, Washington Trust Bancorp Inc. reported $242.50M of revenue and $63.94M of net income.

Revenue, TTM
$242.50M
Net income, TTM
$63.94M
Net margin
26.4%
Free cash flow, TTM
$76.95M
EPS, diluted, TTM
$3.34
Cash
$95.49M
P/E
11.77
P/S
3.10
Market cap
$752.7M
Annual revenue$229.05M
FY2016FY2025
Annual net income$52.24M
FY2016FY2025
Annual free cash flow$78.31M
FY2016FY2025

WASH revenue and earnings growth

WASH revenueQ3 2026$64.96M

Quarter YoY
+15.0%
QoQ
+7.4%
FY YoY
+127.6%
5Y CAGR
+0.2%
10Y CAGR
+3.5%

WASH revenue was $64.96M in fiscal Q3 2026 (ended Sep 30, 2026), up 15.0% from a year earlier and up 7.4% from the prior quarter. For the full fiscal 2025 it was $229.05M, up 127.6% from fiscal 2024. Compound annual growth was +0.2% over 5 years and +3.5% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

WASH net incomeQ3 2026$19.38M

Quarter YoY
+78.7%
QoQ
+21.3%
5Y CAGR
-5.6%
10Y CAGR
+1.9%

WASH net income was $19.38M in fiscal Q3 2026 (ended Sep 30, 2026), up 78.7% from a year earlier and up 21.3% from the prior quarter. For the full fiscal 2025 it was $52.24M, compared with -$28.06M in fiscal 2024. Compound annual growth was -5.6% over 5 years and +1.9% over 10 years.

WASH EPSQ3 2026$1.01

Quarter YoY
+80.4%
QoQ
+21.7%
5Y CAGR
-7.5%
10Y CAGR
+0.6%

WASH diluted EPS was $1.01 in fiscal Q3 2026 (ended Sep 30, 2026), up 80.4% from a year earlier and up 21.7% from the prior quarter. For the full fiscal 2025 it was $2.71, compared with -$1.63 in fiscal 2024. Compound annual growth was -7.5% over 5 years and +0.6% over 10 years.

WASH free cash flowQ3 2026$20.38M

Quarter YoY
-48.1%
QoQ
-7.5%
FY YoY
+45.9%
5Y CAGR
+18.8%
10Y CAGR
+5.3%

WASH free cash flow was $20.38M in fiscal Q3 2026 (ended Sep 30, 2026), down 48.1% from a year earlier and down 7.5% from the prior quarter. For the full fiscal 2025 it was $78.31M, up 45.9% from fiscal 2024. Compound annual growth was +18.8% over 5 years and +5.3% over 10 years. It rose in 6 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$229.05M$100.65M$193.24M$218.59M$228.83M$226.89M$200.49M$194.40M$184.34M$175.61M
Interest expense--$171.56M$38.48M$16.56M$42.49M$64.25M$44.12M$30.05M$22.99M
Pre-tax income$67.41M-$38.82M$56.48M$91.17M$98.19M$89.16M$88.18M$86.69M$77.64M$68.85M
Income tax$15.17M-$10.76M$8.30M$19.49M$21.32M$19.33M$19.06M$18.26M$31.71M$22.37M
Net income$52.24M-$28.06M$48.18M$71.68M$76.87M$69.83M$69.12M$68.43M$45.92M$46.48M
EPS, basic$2.72-$1.63$2.82$4.14$4.43$4.03$3.98$3.95$2.66$2.72
EPS, diluted$2.71-$1.63$2.82$4.11$4.39$4.00$3.96$3.93$2.64$2.70
Diluted shares19.3M17.1M17.1M17.4M17.5M17.4M17.4M17.4M17.3M17.2M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$103.73M$113.89M$90.18M$118.42M$178.49M$202.27M$138.46M$93.47M$82.92M$107.80M
Goodwill$63.91M$63.91M$63.91M$63.91M$63.91M$63.91M$63.91M$63.91M$63.91M$64.06M
Total assets$6.62B$6.93B$7.20B$6.66B$5.85B$5.71B$5.29B$5.01B$4.53B$4.38B
Total liabilities$6.08B$6.43B$6.73B$6.21B$5.29B$5.18B$4.79B$4.56B$4.12B$3.99B
Shareholders' equity$543.58M$499.73M$472.69M$453.67M$564.81M$534.20M$503.49M$448.18M$413.28M$390.80M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$80.31M$57.67M$31.60M$113.01M$100.81M$36.48M$73.44M$82.88M$59.38M$59.75M
Capital expenditures$2.00M$4.00M$5.05M$6.14M$3.49M$3.41M$3.13M$3.97M$2.78M$3.11M
Free cash flow$78.31M$53.67M$26.55M$106.87M$97.32M$33.07M$70.30M$78.90M$56.61M$56.64M
Investing cash flow$305.43M$231.30M-$550.84M-$999.04M-$240.90M-$264.24M-$160.12M-$481.83M-$179.71M-$625.38M
Financing cash flow-$395.89M-$265.27M$491.00M$825.96M$116.31M$291.57M$131.66M$409.51M$95.45M$575.79M
Dividends paid$43.33M$38.40M$38.63M$37.65M$36.35M$35.50M$34.19M$29.31M$26.30M$24.64M
Share repurchases$7.36M$0$8.81M$9.48M$0$4.32M$0$0--
Stock-based compensation$3.03M$2.47M$2.06M$3.25M$3.32M$3.77M$3.12M$2.60M$2.58M$2.19M
Depreciation and amortization$3.46M$3.93M$4.00M$3.46M$4.30M$4.09M$4.23M$4.26M$4.49M$4.93M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY127.6%-47.9%-11.6%-4.5%0.9%13.2%3.1%5.5%5.0%8.2%
Net income growth, YoY---32.8%-6.8%10.1%1.0%1.0%49.0%-1.2%6.9%
EPS growth, YoY---31.4%-6.4%9.7%1.0%0.8%48.9%-2.2%6.3%
Net margin22.8%-27.9%24.9%32.8%33.6%30.8%34.5%35.2%24.9%26.5%
Free cash flow margin34.2%53.3%13.7%48.9%42.5%14.6%35.1%40.6%30.7%32.3%
Return on equity9.6%-5.6%10.2%15.8%13.6%13.1%13.7%15.3%11.1%11.9%
Return on assets0.8%-0.4%0.7%1.1%1.3%1.2%1.3%1.4%1.0%1.1%

Source: XBRL data Washington Trust Bancorp Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

WASH peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
WASH$242.50M-$63.94M26.4%$752.7M
JPM$203.15B+13.2%$65.98B32.5%$908.43B
BAC$120.16B+5.4%$32.24B26.8%$348.81B
WFC$87.23B+5.4%$22.97B26.3%$256.63B
C$85.22B+5.6%$14.31B16.8%$201.89B
UBS$49.57B+2.0%$7.80B15.7%$151.93B
MFG¥8.79T+7.6%¥1.16T13.2%$122.19B
COF$63.01B+31.2%$10.87B17.2%$119.45B
BNSC$37.74B+12.1%C$7.79B20.6%$114.51B

WASH FAQ

8 questions
  • What is WASH revenue?
    Washington Trust Bancorp Inc. (WASH) reported $242.50M of revenue for the twelve months ended Sep 30, 2026. Revenue for fiscal 2025 was $229.05M.
  • Is WASH profitable?
    Yes. Washington Trust Bancorp Inc. earned $63.94M in net income for the twelve months ended Sep 30, 2026, a net margin of 26.4%.
  • How much cash and debt does WASH have?
    Washington Trust Bancorp Inc. reported $95.49M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is WASH revenue growing?
    Washington Trust Bancorp Inc.'s revenue changed +127.6% in fiscal 2025, to $229.05M. Its compound annual growth rate was +0.2% over 5 years and +3.5% over 10 years.
  • What is WASH free cash flow?
    Washington Trust Bancorp Inc. generated $76.95M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $83.18M less capital expenditures.
  • What is WASH earnings per share?
    Diluted earnings per share were $3.34 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did WASH last report financial results?
    The latest statements here come from Washington Trust Bancorp Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this WASH financial data come from?
    Quantisnow builds these statements from the structured XBRL data Washington Trust Bancorp Inc. files with the SEC. It is provided for information only and is not investment advice.