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Friday 6 November 2026 Export WASH’s income statement to Excel — free account

Washington Trust Bancorp, Inc.

WASH Financial Banks Regional

Washington Trust Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $394.0 million, up 25.9% from fiscal 2024.

Revenue
+0.09%
EPS
+79.0%
Free cash flow
−48.1%
Total debt
−51.0%

Quarter to September 2026, against a year earlier

38.76 0.09 +0.23%
Market cap
$737.6M
P/E
11.5×
Fwd P/E
11.4×
Dividend yield
5.78%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 1.15
Sold, $m 0.08
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — 3 — — — — — — —
Sell — — — — 1 — — 1 — — 1 —
Insider Ownership 2.29%

Capital & Financial Ratios $m

Size
Market Cap 737.60
Revenue ttm 382.13
Net income ttm 63.94
Free cash flow ttm 76.95
Net debt Q 303.19
Valuation
P/E 11.54
Forward P/E 11.40
Price / sales 1.94
Forward P/S Powerpack
Price / FCF 9.61
Price / book 1.39
Financial health
Current ratio Q 0.00
Debt / equity Q 0.75
Interest coverage Q —
Growth
Revenue growth Q +0.09% (above 0%: growing)
Operating income growth Q +74.71% (above 0%: growing)
EPS, this year +24.06% (at or above 15%: strong)
EPS, next year A +7.68%
Revenue, next year A −37.33% (below 0%: weak)
EPS, past 5 yrs −7.49% (below 0%: weak)
EPS, next 5 yrs A +10.20%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 34.48%
10-year low 10-year high
P/S against its own 10 years 30.77%
10-year low 10-year high
P/B against its own 10 years 40.19%
10-year low 10-year high

Dividends

Yield
5.78%
Annual rate
2.24
Payout ratio
67.1%
Growth, 2018–26
+3.06%/yr
  1. 1.76 ’18
  2. 2.00 ’19 +14
  3. 2.05 ’20 +2
  4. 2.22 ’21 +8
  5. 2.18 ’22 −2
  6. 2.24 ’23 +3
  7. 1.68 ’24 −25
  8. 2.24 ’25 +33
  9. 2.24 ’26 +0
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 90 114 104 95
Receivables — — — —
Inventory — — — —
Other — — — —
5,717 5,513 5,237 —
2023 2024 2025 Q'26
Payables 5,348 5,116 5,270 5,436
ST’ Debt — — — —
Other — — — —
5,348 5,116 5,270 5,436

Compound Annual Growth %

10y 5y 3y
Sales 7.90% 7.90% 15.29%
Cash Flow 4.39% 17.10% (10.76%)
Earnings 1.89% (5.60%) (9.92%)
Book Value 3.77% 0.35% 6.21%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.87 Actual 1.01

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.75 0.83 Beat by 0.08
Q1 FY26 0.77 0.66 Miss by 0.11
Q2 FY26 0.76 0.83 Beat by 0.07
Q3 FY26 0.87 1.01 Beat by 0.14
Q4 FY26 0.83 — Reports 27 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.66 0.83 1.02 — —
’25 0.63 0.68 0.56 0.83 2.71
’24 0.64 0.63 0.64 (3.46) (1.63)
’23 0.74 0.66 0.65 0.76 2.82
’22 0.94 1.14 1.08 0.95 4.11
’21 1.17 1.00 1.07 1.15 4.39
’20 0.68 1.21 1.06 1.07 4.00
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 92 94 99 — —
’25 102 96 99 97 394
’24 102 103 104 4 313
’23 82 90 96 97 365
’22 56 58 68 76 257
’21 64 59 60 62 245
’20 67 69 66 67 269
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 16 23 23 — —
’25 8 11 40 21 80
’24 2 11 26 19 58
’23 11 (21) 30 12 32
’22 39 13 20 41 113
’21 (3) 63 47 (6) 101
’20 (3) 18 3 18 36
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 15 22 20 — —
’25 8 11 39 20 78
’24 1 10 24 18 54
’23 10 (23) 29 10 27
’22 38 11 19 39 107
’21 (4) 62 47 (7) 97
’20 (3) 17 3 16 33
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 199 214 239 265 269 245 257 365 313 394 382 +7.9% 247 263 274 (11.4%)
Gross margin, % 88.42 85.98 81.50 75.73 84.23 93.25 85.03 52.97 32.17 58.14 63.46 (30.3) pt
EBT 69 78 87 88 89 98 91 56 (39) 67 81 (0.2%)
EBT margin, % 34.67 36.21 36.35 33.31 33.10 40.01 35.47 15.48 (12.41) 17.11 21.29 (17.6) pt
Net income 46 46 68 69 70 77 72 48 (28) 52 64 +1.3%
Per share, $
Per share, $ Revenue 11.63 12.46 13.81 15.28 15.59 14.18 14.91 21.42 18.24 20.54 20.03 +6.5%
Earnings 2.72 2.66 3.95 3.98 4.03 4.43 4.14 2.82 (1.63) 2.72 3.36 0.0%
Cash flow 3.50 3.45 4.80 4.24 2.11 5.82 6.55 1.86 3.36 4.19 4.36 +2.0%
Capex (0.18) (0.16) (0.23) (0.17) (0.20) (0.20) (0.36) (0.30) (0.23) (0.10) (0.33) (6.0%)
Free cash flow 3.32 3.29 4.57 4.07 1.91 5.62 6.20 1.56 3.13 4.08 4.03 +2.3%
Book value 22.88 24.02 25.95 29.05 30.91 32.63 26.31 27.75 29.14 28.34 27.82 +2.4%
Shares, m 17 17 17 17 17 17 17 17 17 19 19 +1.3%
Valuation, ×
Valuation, × P/E 20.50 19.94 12.03 13.55 11.12 12.72 11.43 11.38 0.00 10.82 11.54 12.3
P/S 4.79 4.26 3.44 3.52 2.87 3.98 3.17 1.50 1.72 1.44 1.94 3.1
P/B 2.44 2.21 1.83 1.85 1.45 1.73 1.80 1.16 1.08 1.04 1.39 1.7
EV/Sales 8.42 7.48 7.13 7.40 4.41 3.93 6.61 4.58 5.02 2.82 — 5.8
EV/FCF 29.54 28.33 21.56 27.77 35.94 9.92 15.91 62.85 29.28 14.20 — 27.5
Cash, $m
Cash, $m Operating cash flow 60 59 83 73 36 101 113 32 58 80 83 +3.3%
Capex (3) (3) (4) (3) (3) (3) (6) (5) (4) (2) (6) (4.8%)
Free cash flow 57 57 79 71 33 97 107 27 54 78 77 +3.7%
Balance, $m
Balance, $m Working capital 325 255 244 533 37 (528) 181 369 397 (33) (5,436) n/m
Net debt 721 691 880 1,026 414 (11) 884 1,122 1,034 545 303 (3.1%)
Shareholders’ equity 391 413 448 503 534 565 454 473 500 544 531 +3.7%
Returns, %
Returns, % ROA 1.14 1.03 1.43 1.34 1.27 1.33 1.14 0.69 (0.40) 0.77 0.00 (0.4) pt
ROIC 3.87 4.40 4.08 3.60 5.88 11.08 4.26 2.21 (1.58) 3.87 6.10 0.0 pt
ROE 12.11 11.40 15.85 14.50 13.43 13.95 14.04 10.38 (5.77) 10.02 0.00 (2.1) pt
People
People Employees 596 600 623 619 609 623 651 665 618 642 — +0.8%
Revenue/emp, $m 0.33 0.36 0.38 0.43 0.44 0.39 0.39 0.55 0.51 0.61 — +7.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Washington Trust Bancorp, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SMBC Southern Missouri Bancorp, Inc. $776.7M 11.0× 10.6× +2.83% (above 0%: growing) +31.43% (above 0%: growing) −50.54% (below 0%: shrinking) 64.61% 0.00% Compare
FISI Financial Institutions, Inc. $771.3M 9.7× 9.4× +0.58% (above 0%: growing) +24.71% (above 0%: growing) +397.95% (above 0%: growing) 68.40% 0.00% Compare
AGBK AGI, Inc. $769.3M — — — — −476.07% (below 0%: shrinking) 45.30% 0.00% Compare
SHBI Shore Bancshares Inc $744.8M 10.9× 10.4× +3.34% (above 0%: growing) +16.84% (above 0%: growing) −14.11% (below 0%: shrinking) 71.59% 0.00% Compare
HTB HomeTrust Bancshares, Inc. $742.9M 12.2× 11.7× −4.58% (below 0%: shrinking) −5.94% (below 0%: shrinking) +417.30% (above 0%: growing) 77.45% 0.00% Compare
WASH Washington Trust Bancorp, Inc. $737.6M 11.5× 11.4× +0.09% (above 0%: growing) +78.95% (above 0%: growing) −48.12% (below 0%: shrinking) 65.83% 0.00%
PFIS Peoples Financial Services Corp. $730.2M 12.9× 11.0× +3.78% (above 0%: growing) −12.94% (below 0%: shrinking) +54.41% (above 0%: growing) 70.19% 0.00% Compare
VBNK VersaBank $724.9M 29.4× 25.8× +19.17% (above 0%: growing) +46.67% (above 0%: growing) −124.97% (below 0%: shrinking) 42.29% 0.00% Compare
AROW Arrow Financial Corporation $715.6M 12.5× 13.6× +4.55% (above 0%: growing) +1.54% (above 0%: growing) +37.22% (above 0%: growing) 71.42% 0.00% Compare
Median of peers $743.8M 12.2× 11.0× +3.34% +16.84% +11.55% 69.30% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 17 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.86m 1.95m 67.67
2024 1.71m 1.54m 87.09
2023 1.48m 506.04k 74.73
2022 1.90m 1.23m 101.04
2021 1.84m 2.30m 115.44
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Washington Trust Bancorp, Inc. (WASH) Latest News

28 Oct

Impact 3 · · StockStory
Impact 3 · · Zacks

22 Oct

Impact 4 · · StockStory

21 Oct

Impact 4 · · The Motley Fool
Impact 4 · · Simply Wall St.
Impact 3 · · StockStory

20 Oct

Impact 3 · · The Motley Fool
Impact 3 · · StockStory
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat

19 Oct

Impact 4 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Associated Press

17 Oct

Impact 3 · · StockStory

14 Oct

Impact 3 · · Zacks

12 Oct

Impact 3 · · Zacks

25 Sep

Impact 3 ·

30 Jul

Impact 3 ·

21 Jul

Impact 3 ·

20 Jul

Impact 3 ·
Impact 3 ·

4 Jun

Impact 4 · · StockStory

30 Apr

Impact 3 · · Simply Wall St.

27 Apr

Impact 3 ·

24 Apr

Impact 3 · · GuruFocus.com

22 Apr

Impact 3 · · GuruFocus.com

21 Apr

Impact 4 · · MarketBeat
Impact 3 · · StockStory

20 Apr

Impact 4 ·
stockrow.com/WASH · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com