Washington Trust Bancorp Inc
ir.washtrust.comWhat Do They Do?
Makes commercial, residential and consumer loans, takes deposits, and provides wealth management and trust services to individuals, businesses and institutional clients.
10-K for FY2025, filed Feb 24, 2026Washington Trust (hereafter also referred to as “we,” “our,” or the “Corporation”) offers a full range of financial services, including…View ↗
Total loans amounted to $5.1 billion, or 78% of total assets, at December 31, 2025. Our lending activities are conducted primarily in…View ↗
At December 31, 2025, total deposits amounted to $5.3 billion. Deposits represent our primary source of funds and are gathered primarily…View ↗
We provide a broad range of wealth management services to personal and institutional clients. These services include investment management…View ↗
How Do They Make Money?
The bank earns interest on loans and securities and pays interest on deposits and borrowings; wealth-management clients pay for services over the service term, while card and deposit transaction fees arise when transactions occur.
10-K for FY2025, filed Feb 24, 2026Our largest source of operating income is net interest income, which is the difference between interest earned on loans and securities and…View ↗
Revenue that is earned at a point in time is derived from transactional information and is recognized as revenue immediately as the…View ↗
Revenue that is earned over time is generally recognized over the term of the contract as services are performed and performance…View ↗
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10-K for FY2025, filed Feb 24, 2026
FY2025 revenue by product or service (Revenues from contracts with customers) ↗
$229M
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10-K for FY2025, filed Feb 24, 2026
$229M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Wealth management revenues
Recurring
10-K for FY2025, filed Feb 24, 2026 |
71%
FY2022: 80%
|
Wealth management revenues, FY2025
$41.2M Sources
|
Recurring |
|
Card interchange fees
Usage-based
|
8.9%
FY2022: 10%
|
Card interchange fees, FY2025
$5.1M Sources
|
Usage-based |
|
Services charges on deposit accounts
|
5.6%
FY2022: 6.6%
|
Services charges on deposit accounts, FY2025
$3.2M Sources
|
|
|
Gain on sale of bank-owned properties, net
Sold outright
10-K for FY2025, filed Feb 24, 2026 |
12% |
Gain on sale of bank-owned properties, net, FY2025
$7M Sources
|
Sold outright |
|
Other income
|
2.0%
FY2022: 2.5%
|
Other income, FY2025
$1.1M Sources
|
Who Are Their Customers?
Consumers, businesses, nonprofits and municipalities use the Bank's lending and deposit services through its branches and other offices; personal and institutional clients receive wealth management and trust services through the Bank and its adviser subsidiary.
10-K for FY2025, filed Feb 24, 2026Total loans amounted to $5.1 billion, or 78% of total assets, at December 31, 2025. Our lending activities are conducted primarily in…View ↗
At December 31, 2025, total deposits amounted to $5.3 billion. Deposits represent our primary source of funds and are gathered primarily…View ↗
We provide a broad range of wealth management services to personal and institutional clients. These services include investment management…View ↗
As mentioned above, our lending activities are conducted primarily in southern New England and, to a lesser extent, other states. We…View ↗
Our wealth management activities are conducted largely in southern New England and, to a lesser extent, other states. We provide wealth…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 23 cents of every revenue dollar as net income in FY2025 and turned 34 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
Flat. Revenue was $229M in FY2025, about the same as the $228.8M of FY2021.
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