Washington Trust Bancorp Inc - Understand $wash stock

$WASH Market Cap: $629.2 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$145.6M

TTM

Gross Margin

Net Earnings

$45.64M

TTM

Current Assets

Current Liabilities

$30.24M

Q3 2024

Current Ratio

Total Assets

$7.142B

Q3 2024

Total Liabilities

$6.639B

Q3 2024

Book Value

$502.2M

Q3 2024

Cash

$210.7M

Q3 2024

P/E

13.79

Nov 29, 2024 EST

Free Cash Flow

$45.38M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$193.2M	$218.6M	$228.8M	$226.9M	$200.5M	$194.4M	$184.3M	$175.6M	$125.8M	$121.1M	$153.9M	$155.9M	$137.7M	$125.7M	$129.6M
YoY Change	-11.6%	-4.47%	0.86%	13.16%	3.13%	5.46%	4.97%	39.65%	3.83%	-21.28%	-1.31%	13.21%	9.59%	-3.06%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$193.2M	$218.6M	$228.8M	$226.9M	$200.5M	$194.4M	$184.3M	$175.6M	$125.8M	$121.1M	$153.9M	$155.9M	$137.7M	$125.7M	$129.6M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.848M	$4.325M	$4.301M	$4.090M	$4.234M	$4.261M	$4.489M	$4.935M	$4.285M	$3.777M	$3.963M	$3.941M	$4.125M	$4.174M	$4.300M	$4.300M	$4.400M	$4.600M	$3.900M	$3.700M	$3.900M	$3.500M	$3.100M	$3.400M	$3.000M	$2.600M	$2.200M	$1.400M	$1.300M	$1.300M	$1.400M	$1.300M	$1.500M	$1.500M	$1.300M	$1.100M
YoY Change	12.09%	0.56%	5.16%	-3.4%	-0.63%	-5.08%	-9.04%	15.17%	13.45%	-4.69%	0.56%	-4.46%	-1.17%	-2.93%	0.0%	-2.27%	-4.35%	17.95%	5.41%	-5.13%	11.43%	12.9%	-8.82%	13.33%	15.38%	18.18%	57.14%	7.69%	0.0%	-7.14%	7.69%	-13.33%	0.0%	15.38%	18.18%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$171.6M	$38.48M	$16.56M	$42.49M	$64.25M	$44.12M	$30.06M	$22.99M	$21.77M	$21.61M	$24.56M	$30.37M	$36.39M	$46.06M	$63.74M
YoY Change	345.9%	132.34%	-61.03%	-33.86%	45.63%	46.79%	30.72%	5.62%	0.72%	-12.01%	-19.11%	-16.56%	-21.0%	-27.73%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$56.48M	$91.17M	$98.19M	$89.16M	$88.18M	$86.69M	$77.64M	$68.85M	$64.34M	$59.82M	$52.68M	$50.87M	$42.65M	$34.35M	$22.44M	$29.50M	$34.60M	$37.10M	$34.00M	$30.40M	$27.40M	$24.20M	$18.60M	$18.90M	$17.30M	$16.40M	$13.30M	$12.70M	$11.70M	$9.300M	$6.700M	$4.800M	$3.600M	$100.0K	$8.800M	$9.000M	$8.600M	$7.500M	$6.200M	$3.500M	$3.000M
YoY Change	-38.05%	-7.15%	10.12%	1.11%	1.72%	11.66%	12.76%	7.01%	7.56%	13.56%	3.55%	19.29%	24.14%	53.07%	-23.93%	-14.74%	-6.74%	9.12%	11.84%	10.95%	13.22%	30.11%	-1.59%	9.25%	5.49%	23.31%	4.72%	8.55%	25.81%	38.81%	39.58%	33.33%	3500.0%	-98.86%	-2.22%	4.65%	14.67%	20.97%	77.14%	16.67%
Income Tax	$8.305M	$19.49M	$21.32M	$19.33M	$19.06M	$18.26M	$31.72M	$22.37M	$20.88M	$19.00M	$16.53M	$15.80M	$12.92M	$10.30M	$6.346M	$7.300M	$10.80M	$12.10M	$11.00M	$9.500M	$8.500M	$7.400M	$5.500M	$5.700M	$4.800M	$4.200M	$3.900M	$4.300M	$4.000M	$3.000M	$2.300M	$1.600M	$1.100M	-$300.0K	$3.000M	$3.100M	$3.300M	$2.900M	$2.200M	$900.0K	$900.0K
% Of Pretax Income	14.7%	21.38%	21.71%	21.68%	21.62%	21.06%	40.85%	32.49%	32.45%	31.76%	31.37%	31.05%	30.3%	29.99%	28.28%	24.75%	31.21%	32.61%	32.35%	31.25%	31.02%	30.58%	29.57%	30.16%	27.75%	25.61%	29.32%	33.86%	34.19%	32.26%	34.33%	33.33%	30.56%	-300.0%	34.09%	34.44%	38.37%	38.67%	35.48%	25.71%	30.0%
Net Earnings	$48.09M	$71.48M	$76.87M	$69.83M	$69.12M	$68.43M	$45.93M	$46.48M	$43.47M	$40.82M	$36.15M	$35.07M	$29.72M	$24.05M	$16.10M	$22.20M	$23.80M	$25.00M	$23.00M	$20.80M	$18.90M	$16.80M	$13.10M	$13.20M	$12.50M	$12.20M	$9.400M	$8.400M	$7.700M	$6.300M	$4.800M	$3.200M	$2.500M	$500.0K	$5.900M	$5.900M	$5.300M	$4.600M	$3.900M	$2.600M	$2.100M
YoY Change	-32.72%	-7.01%	10.08%	1.03%	1.0%	49.01%	-1.2%	6.94%	6.47%	12.92%	3.08%	18.0%	23.59%	49.42%	-27.5%	-6.72%	-4.8%	8.7%	10.58%	10.05%	12.5%	28.24%	-0.76%	5.6%	2.46%	29.79%	11.9%	9.09%	22.22%	31.25%	50.0%	28.0%	400.0%	-91.53%	0.0%	11.32%	15.22%	17.95%	50.0%	23.81%
Net Earnings / Revenue	24.89%	32.7%	33.59%	30.78%	34.47%	35.2%	24.91%	26.47%	34.56%	33.71%	23.5%	22.5%	21.58%	19.14%	12.42%
Basic Earnings Per Share	$2.82	$4.14	$4.43	$4.03	$3.98	$3.95	$2.66	$2.72	$2.57	$2.44	$2.18	$2.13	$1.82	$1.49	$1.01
Diluted Earnings Per Share	$2.82	$4.112M	$4.39	$4.00	$3.96	$3.93	$2.64	$2.70	$2.54	$2.41	$2.16	$2.13	$1.82	$1.49	$1.00	$1.574M	$1.750M	$1.825M	$1.691M	$1.541M	$1.410M	$1.302M	$1.074M	$1.091M	$1.033M	$1.008M	$854.5K	$831.7K	$785.7K	$649.5K	$505.3K	$340.4K	$268.8K	$54.35K	$634.4K	$627.7K	$557.9K	$484.2K	$406.3K	$268.0K	$216.5K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$61.66M	$58.71M	$55.60M	$58.40M	$55.50M	$29.00M	$28.30M	$29.00M	$29.60M	$27.50M	$25.40M	$27.20M	$26.00M	$26.10M	$27.50M	$25.10M	$25.40M	$24.30M	$23.70M	$24.20M	$24.90M	$24.40M	$22.10M	$21.70M	$23.40M	$24.00M	$21.80M	$19.00M	$14.60M	$14.80M	$14.40M	$15.00M	$15.20M	$16.20M	$16.80M	$14.10M	$10.80M	$10.00M	$8.500M	$6.600M	$6.300M
YoY Change	5.02%	5.59%	-4.79%	5.23%	91.38%	2.47%	-2.41%	-2.03%	7.64%	8.27%	-6.62%	4.62%	-0.38%	-5.09%	9.56%	-1.18%	4.53%	2.53%	-2.07%	-2.81%	2.05%	10.41%	1.84%	-7.26%	-2.5%	10.09%	14.74%	30.14%	-1.35%	2.78%	-4.0%	-1.32%	-6.17%	-3.57%	19.15%	30.56%	8.0%	17.65%	28.79%	4.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$7.203B	$6.660B	$5.851B	$5.713B	$5.293B	$5.011B	$4.530B	$4.381B	$3.772B	$3.587B	$3.189B	$3.072B	$3.064B	$2.910B	$2.885B	$2.966B	$2.540B	$2.399B	$2.402B	$2.308B	$1.974B	$1.746B	$1.362B	$1.218B	$1.106B	$994.3M	$814.4M	$694.9M	$547.7M	$515.7M	$487.3M	$457.7M	$441.1M	$434.2M	$409.0M	$373.2M	$343.7M	$296.2M	$232.8M	$213.1M	$169.4M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$32.03M	$29.56M	$29.00M	$31.70M	$28.90M										$41.30M	$46.80M	$32.90M	$33.60M	$24.10M	$19.70M	$18.10M	$15.40M	$12.30M	$11.20M	$8.700M	$8.900M	$8.000M	$5.700M	$5.200M	$5.100M	$4.600M	$3.700M	$3.300M	$3.700M	$4.500M	$4.500M	$3.800M	$4.000M	$2.800M	$3.200M	$2.300M
YoY Change	8.35%	1.92%	-8.52%	9.69%											-11.75%	42.25%	-2.08%	39.42%	22.34%	8.84%	17.53%	25.2%	9.82%	28.74%	-2.25%	11.25%	40.35%	9.62%	1.96%	10.87%	24.32%	12.12%	-10.81%	-17.78%	0.0%	18.42%	-5.0%	42.86%	-12.5%	39.13%
Deferred Revenue
YoY Change
Short-Term Debt											$200.0K	$1.200M	$19.80M	$23.40M	$21.50M	$26.70M	$32.60M	$14.70M	$9.800M	$3.400M	$2.300M	$9.200M	$2.100M	$3.200M	$4.200M	$15.00M	$20.30M	$14.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.000M	$5.200M	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change											-83.33%	-93.94%	-15.38%	8.84%	-19.48%	-18.1%	121.77%	50.0%	188.24%	47.83%	-75.0%	338.1%	-34.38%	-23.81%	-72.0%	-26.11%	45.0%							-100.0%	-3.85%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$32.03M	$29.56M	$29.00M	$31.70M	$28.90M						$200.0K	$1.200M	$19.80M	$23.40M	$44.70M	$50.20M	$35.60M	$36.20M	$26.50M	$22.00M	$20.20M	$17.20M	$13.90M	$12.60M	$9.900M	$9.900M	$8.900M	$6.500M	$5.900M	$5.700M	$5.000M	$4.100M	$3.300M	$3.700M	$4.500M	$4.500M	$3.800M	$4.000M	$2.900M	$3.400M	$2.300M
YoY Change	8.35%	1.92%	-8.52%	9.69%							-83.33%	-93.94%	-15.38%	-47.65%	-10.96%	41.01%	-1.66%	36.6%	20.45%	8.91%	17.44%	23.74%	10.32%	27.27%	0.0%	11.24%	36.92%	10.17%	3.51%	14.0%	21.95%	24.24%	-10.81%	-17.78%	0.0%	18.42%	-5.0%	37.93%	-14.71%	47.83%
Long-Term Debt	$22.68M	$22.68M	$22.70M	$22.70M	$22.70M	$22.70M	$22.70M	$22.70M	$22.70M	$22.70M	$22.70M	$33.00M	$33.00M	$33.00M	$33.00M	$33.00M	$22.70M	$22.70M	$22.70M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	0.0%	-0.08%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-31.21%	0.0%	0.0%	0.0%	0.0%	45.37%	0.0%	0.0%
Other Long-Term Liabilities	$137.3M	$155.2M	$109.6M	$152.4M	$97.30M	$65.10M	$59.80M	$54.90M	$60.30M	$56.80M	$43.00M	$68.20M	$63.20M	$49.30M
YoY Change	-11.53%	41.59%	-28.08%	56.63%	49.46%	8.86%	8.93%	-8.96%	6.16%	32.09%	-36.95%	7.91%	28.19%
Total Long-Term Liabilities	$160.0M	$177.9M	$132.3M	$175.1M	$120.0M	$87.80M	$82.50M	$77.60M	$83.00M	$79.50M	$65.70M	$101.2M	$96.20M	$82.30M	$33.00M	$33.00M	$22.70M	$22.70M	$22.70M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-10.06%	34.44%	-24.44%	45.92%	36.67%	6.42%	6.31%	-6.51%	4.4%	21.0%	-35.08%	5.2%	16.89%	149.39%	0.0%	45.37%	0.0%	0.0%
Total Liabilities	$6.730B	$6.206B	$5.286B	$5.179B	$4.789B	$4.563B	$4.117B	$3.990B	$3.396B	$3.241B	$2.859B	$2.776B	$2.783B	$2.641B	$2.630B	$2.730B	$2.353B	$2.226B	$2.244B	$2.156B	$1.836B	$1.617B	$1.264B	$1.129B	$1.027B	$916.8M	$747.2M	$635.5M	$494.7M	$469.9M	$448.9M	$422.7M	$408.0M	$402.4M	$375.3M	$343.2M	$316.5M	$272.7M	$212.3M	$195.4M	$153.3M
YoY Change	8.44%	17.41%	2.07%	8.14%	4.97%	10.83%	3.17%	17.49%	4.8%	13.34%	2.99%	-0.23%	5.38%	0.43%	-3.7%	16.02%	5.72%	-0.78%	4.06%	17.44%	13.54%	27.89%	11.99%	9.88%	12.06%	22.7%	17.58%	28.46%	5.28%	4.68%	6.2%	3.6%	1.39%	7.22%	9.35%	8.44%	16.06%	28.45%	8.65%	27.46%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	17.03M shares	17.25M shares	17.31M shares	17.28M shares	17.33M shares	17.27M shares	17.21M shares	17.08M shares	16.88M shares	16.69M shares	16.51M shares	16.36M shares	16.25M shares	16.11M shares	16.00M shares
Diluted Shares Outstanding	17.06M shares	17.38M shares	17.46M shares	17.40M shares	17.41M shares	17.39M shares	17.34M shares	17.21M shares	17.07M shares	16.87M shares	16.66M shares	16.40M shares	16.28M shares	16.12M shares	16.04M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $629.18 Million

About WASHINGTON TRUST BANCORP INC

Washington Trust Bancorp, Inc. operates as a bank holding company. The company is headquartered in Westerly, Rhode Island and currently employs 665 full-time employees. The Bank is a state-chartered bank and financial services company. The firm operates through two segments: Commercial Banking and Wealth Management Services. The Commercial Banking segment includes commercial, residential and consumer lending activities; mortgage banking activities; deposit generation; cash management activities; banking activities, including customer support and the operation of automated teller machines (ATMs), telephone banking, internet banking and mobile banking services; as well as investment portfolio and wholesale funding activities. The Wealth Management Services segment includes investment management; holistic financial planning services; personal trust and estate services, including services as trustee, personal representative and custodian; settlement of decedents’ estates; and institutional trust services, including custody and fiduciary services.

Industry: State Commercial Banks Peers: Allegiance Bancshares, Inc. Amerant Bancorp Inc. BYLINE BANCORP, INC. PATHWARD FINANCIAL, INC. HORIZON BANCORP INC /IN/ PEOPLES BANCORP INC QCR HOLDINGS INC PNC FINANCIAL SERVICES GROUP, INC.