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Saturday 17 October 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. 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.

37.07 0.00 0.00%
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%) (below 0%: weak)
This Y EPS Growth 19.10% (at or above 15%: strong)
Next Y EPS Growth 10.13%
Next Y revenue growth (37.89%) (below 0%: weak)
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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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
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.

Source: company filings (standardised) and stockrow calculations.

Washington Trust Bancorp, Inc. (WASH) Latest News

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stockrow.com/WASH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com