Saturday 17 October 2026 Export WASH’s income statement to Excel — free account

Washington Trust Bancorp, Inc.

Washington Trust Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $394.0 million, up 25.9% from fiscal 2024. In the quarter to June 2026, revenue fell 2.18%, EPS grew 21.7%, free cash flow grew 101.3% and total debt fell 53.2%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.

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Market cap: $707.1M
P/E: 12.7×
Fwd P/E: 10.7×
Dividend yield: 6.04%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.15

Total sells 0.03

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	3	—	—	—	—	—	—
Sell	—	—	—	—	—	1	—	—	1	—	—	—

Insider Ownership 2.22%

Capital & Financial Ratios $m

Market Cap 707.08

Revenue 382.04

Net Income 55.40

Free Cash Flow 95.85

Net Debt 351.29

Current Ratio 0.97

Debt/Equity 0.86

P/E ratio 12.74

Fwd P/E 10.70

P/S ratio 1.85

P/B ratio 1.28

Past 5Y EPS Growth (7.49%)

This Y EPS Growth 19.10%

Next Y EPS Growth 10.13%

Next Y revenue growth (37.89%)

Next 5Y EPS Growth 9.93%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 55.30%

10-year low 10-year high

P/S against its own 10 years 28.42%

10-year low 10-year high

P/B against its own 10 years 36.20%

10-year low 10-year high

Dividends

Payout Ratio 0.78

Annual Dividend Rate 2.24

Annual Dividend Yield 6.04%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.24	0.56 0.56 0.56 0.56
2025	2.24	0.56 0.56 0.56 0.56
2024	1.68	0.56 0.56 0.56
2023	2.24	0.56 0.56 0.56 0.56
2022	2.18	0.54 0.54 0.54 0.56
2021	2.22	0.52 0.52 0.12 0.52 0.54
2020	2.05	0.51 0.51 0.51 0.52
2019	2.00	0.47 0.51 0.51 0.51
2018	1.76	0.43 0.43 0.43 0.47
2017	1.54	0.38 0.38 0.39 0.39
2016	1.46	0.36 0.36 0.37 0.37

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	90	114	104	127
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	5,717	5,513	5,237	5,222

	2023	2024	2025	Q'26
Payables	5,348	5,116	5,270	5,359
ST’ Debt	—	—	—	—
Other	—	—	—	—
	5,348	5,116	5,270	5,359

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	92	94	—	—	—
’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	—	—	—
’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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.66	0.83	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	34.59	47.00	45.93	45.21	25.86	42.43	45.60	21.69	24.11	24.95	Analyst estimates 2026–2028 Powerpack
	High	57.90	59.10	63.25	54.96	53.91	58.73	60.96	48.78	40.59	34.13
People
People	Employees	596	600	623	619	609	623	651	665	618	642
	Revenue/emp, $m	0.33	0.36	0.38	0.43	0.44	0.39	0.39	0.55	0.51	0.61
Income, $m
Income, $m	Revenue	199	214	239	265	269	245	257	365	313	394
	Gross margin, %	88.42	85.98	81.50	75.73	84.23	93.25	85.03	52.97	32.17	58.14
	EBT	69	78	87	88	89	98	91	56	(39)	67
	EBT margin, %	34.67	36.21	36.35	33.31	33.10	40.01	35.47	15.48	(12.41)	17.11
	Net income	46	46	68	69	70	77	72	48	(28)	52
	Depreciation	8	8	7	9	10	8	7	6	6	5
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
	Earnings	2.72	2.66	3.95	3.98	4.03	4.43	4.14	2.82	(1.63)	2.72
	Cash flow	3.50	3.45	4.80	4.24	2.11	5.82	6.55	1.86	3.36	4.19
	Capex	(0.18)	(0.16)	(0.23)	(0.17)	(0.20)	(0.20)	(0.36)	(0.30)	(0.23)	(0.10)
	Free cash flow	3.32	3.29	4.57	4.07	1.91	5.62	6.20	1.56	3.13	4.08
	Book value	22.88	24.02	25.95	29.05	30.91	32.63	26.31	27.75	29.14	28.34
	Shares, m	17	17	17	17	17	17	17	17	17	19
Valuation, ×
Valuation, ×	P/E	20.50	19.94	12.03	13.55	11.12	12.72	11.43	11.38	0.00	10.82
	P/S	4.79	4.26	3.44	3.52	2.87	3.98	3.17	1.50	1.72	1.44
	P/B	2.44	2.21	1.83	1.85	1.45	1.73	1.80	1.16	1.08	1.04
	EV/Sales	8.42	7.48	7.13	7.40	4.41	3.93	6.61	4.58	5.02	2.82
	EV/FCF	29.54	28.33	21.56	27.77	35.94	9.92	15.91	62.85	29.28	14.20
Cash, $m
Cash, $m	Operating cash flow	60	59	83	73	36	101	113	32	58	80
	Capex	(3)	(3)	(4)	(3)	(3)	(3)	(6)	(5)	(4)	(2)
	Free cash flow	57	57	79	71	33	97	107	27	54	78
Balance, $m
Balance, $m	Working capital	325	255	244	533	37	(528)	181	369	397	(33)
	Total debt	872	814	973	1,164	617	168	1,003	1,213	1,148	649
	Net debt	721	691	880	1,026	414	(11)	884	1,122	1,034	545
	Shareholders’ equity	391	413	448	503	534	565	454	473	500	544
Returns, %
Returns, %	ROA	1.14	1.03	1.43	1.34	1.27	1.33	1.14	0.69	(0.40)	0.77
	ROIC	3.87	4.40	4.08	3.60	5.88	11.08	4.26	2.21	(1.58)	3.87
	ROE	12.11	11.40	15.85	14.50	13.43	13.95	14.04	10.38	(5.77)	10.02

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VBNK VersaBank	$725.9M	29.3×	18.0×	+19.17% (above 0%: growing)	+46.67% (above 0%: growing)	−124.97% (below 0%: shrinking)	42.29%	0.00%	Compare
WASH Washington Trust Bancorp, Inc.	$707.1M	12.7×	10.7×	−2.18% (below 0%: shrinking)	+21.74% (above 0%: growing)	+101.28% (above 0%: growing)	64.44%	0.00%
CWBC Community West Bancshares	$699.2M	13.8×	11.5×	+32.57% (above 0%: growing)	−75.61% (below 0%: shrinking)	+65.55% (above 0%: growing)	76.29%	0.00%	Compare
BCAL California BanCorp	$698.0M	11.7×	11.5×	−3.68% (below 0%: shrinking)	+2.33% (above 0%: growing)	+6.82% (above 0%: growing)	79.50%	0.00%	Compare
TCBX Third Coast Bancshares, Inc.	$689.5M	8.8×	10.6×	+24.52% (above 0%: growing)	+11.61% (above 0%: growing)	+223.46% (above 0%: growing)	59.80%	0.00%	Compare
AROW Arrow Financial Corporation	$681.7M	11.9×	13.8×	+4.55% (above 0%: growing)	+1.54% (above 0%: growing)	+37.22% (above 0%: growing)	71.42%	0.00%	Compare
PFIS Peoples Financial Services Corp.	$681.2M	12.0×	9.2×	+3.78% (above 0%: growing)	−12.94% (below 0%: shrinking)	+54.41% (above 0%: growing)	70.19%	0.00%	Compare
CARE Carter Bankshares, Inc.	$671.8M	5.2×	4.6×	+44.00% (above 0%: growing)	+254.05% (above 0%: growing)	−3,522.21% (below 0%: shrinking)	76.12%	0.00%	Compare
MSBI Midland States Bancorp, Inc.	$670.3M	20.7×	9.1×	−7.83% (below 0%: shrinking)	+86.36% (above 0%: growing)	+9.48% (above 0%: growing)	74.46%	0.00%	Compare
Median of peers	$685.6M	12.0×	11.1×	+11.86%	+6.97%	+23.35%	72.94%	0.00%

All 323 Banks Regional stocks →

Washington Trust Bancorp, Inc. (WASH) key facts

Strength: Washington Trust Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $394.0 million, up 25.9% from fiscal 2024.
Washington Trust Bancorp, Inc. (WASH) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, WASH traded at $37.07, a market capitalization of $707.1 million.
Washington Trust Bancorp, Inc. pays an annual dividend of $2.24 per share, a yield of 6.04%, with a payout ratio of 77.8%.
Return on equity was 10.0% and debt-to-equity 0.86.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.