Washington Trust Bancorp, Inc. Capital Expenditures

Capital Expenditures of WASH for past 10 years: annual, quarterly and twelve month trailing (TTM) including Capital Expenditures growth rates and interactive chart. Capital expenditures, commonly known as Capex, are funds used by a company to acquire, upgrade, and maintain physical or intangible assets such as property, buildings, an industrial plant, technology, software or equipment. Capex is often used to undertake new projects or investments by the firm. A company must invest over its lifetime into productive assets to maintain its competitiveness and ensure its survival.

Highlights and Quick Summary

  • Capital Expenditures for the quarter ending March 30, 2021 was $-911 Thousand (a -56.1% decrease compared to previous quarter)
  • Year-over-year quarterly Capital Expenditures increased by 206.73%
  • Annual Capital Expenditures for 2020 was $-3.41 Million (a 16.68% increase from previous year)
  • Annual Capital Expenditures for 2019 was $-2.92 Million (a -26.55% decrease from previous year)
  • Annual Capital Expenditures for 2018 was $-3.97 Million (a 43.0% increase from previous year)
  • Twelve month Capital Expenditures ending March 30, 2021 was $-3.69 Million (a 8.31% increase compared to previous quarter)
  • Twelve month trailing Capital Expenditures increased by 96.96% year-over-year
Trailing Capital Expenditures for the last four month:
30 Mar '21 30 Dec '20 29 Sep '20 29 Jun '20
$-3.69 Million $-3.41 Million $-1.48 Million $-1.87 Million
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Historical Capital Expenditures of Washington Trust Bancorp, Inc.

Most recent Capital Expendituresof WASH including historical data for past 10 years.

Interactive Chart of Capital Expenditures of Washington Trust Bancorp, Inc.

Washington Trust Bancorp, Inc. Capital Expenditures for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $-0.91
2020 $-2.08 $-0.41 $-0.3 $-0.63 $-3.41
2019 $-0.15 $-0.8 $-0.32 $-1.66 $-2.92
2018 $-1.65 $-0.65 $-0.86 $-0.81 $-3.97
2017 $-0.6 $-0.94 $-0.51 $-0.73 $-2.78
2016 $-1.24 $-0.32 $-0.39 $-1.18 $-3.11
2015 $-2.26 $-0.88 $-1.12 $-1.23 $-5.48
2014 $-1.91 $-0.63 $-1.39 $-1.29 $-5.23
2013 $-0.31 $-0.34 $-0.41 $-0.43 $-1.49
2012 $-0.6 $-2.94 $1.65 $-1.65 $-3.54
2011 $-1.41 $-1.0 $0.75 $-0.71 $-2.37
2010 $0.56 $-0.37 $-0.43 $-0.86

Business Profile of Washington Trust Bancorp, Inc.

Sector: Financial Services
Industry: Banks—Regional
Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans consists of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. This segment also offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits, as well as debit card, automated teller machine, telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services. The Wealth Management Services segment provides investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services comprising custody and fiduciary services. This segment serves personal and institutional clients. The company also operates as a licensed broker-dealer that offers variable annuities and college savings plans. As of December 31, 2020, it had 10 branch offices located in southern Rhode Island; 12 branch offices located in the greater Providence area in Rhode Island; and 1 branch office located in southeastern Connecticut. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.