Washington Trust Bancorp, Inc. Gross Margin

Gross Margin of WASH for past 10 years: annual, quarterly and twelve month trailing (TTM) including Gross Margin growth rates and interactive chart. Gross profit margin shows the percentage of revenue that exceeds a company's costs of goods sold. It illustrates how well a company is generating revenue from the costs involved in producing their products and services. The higher the margin, the more effective the company's management is in generating revenue for each dollar of cost. Gross profit margin is calculated by subtracting the cost of goods sold from total revenue for the period and dividing that number by revenue. If a company has $200 million in revenue and $80 million in cost of goods sold, the gross margin is 60%.


Highlights and Quick Summary

  • Gross Margin for the quarter ending March 30, 2021 was 100.8% (a -0.86% decrease compared to previous quarter)
  • Year-over-year quarterly Gross Margin decreased by -1.48%
  • Annual Gross Margin for 2020 was 104.61% (a 4.61% increase from previous year)
  • Annual Gross Margin for 2019 was 100.0% (a 0.0% decrease from previous year)
  • Annual Gross Margin for 2018 was 100.0% (a 0.0% decrease from previous year)
  • Twelve month Gross Margin ending March 30, 2021 was 101.06% (a -0.96% decrease compared to previous quarter)
  • Twelve month trailing Gross Margin increased by 14.59% year-over-year
Trailing Gross Margin for the last four month:
30 Mar '21 30 Dec '20 29 Sep '20 29 Jun '20
101.06% 102.04% 94.8% 88.19%
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Historical Gross Margin of Washington Trust Bancorp, Inc.

Most recent Gross Marginof WASH including historical data for past 10 years.

Interactive Chart of Gross Margin of Washington Trust Bancorp, Inc.

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

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 100.8%
2020 101.67% 99.49% 102.31% 105.12% 104.61%
2019 75.96% 75.62% 75.19% 76.19% 100.0%
2018 78.24% 80.6% 82.84% 84.71% 100.0%
2017 85.46% 85.84% 86.57% 86.08% 100.0%
2016 87.65% 88.37% 88.75% 89.0% 102.17%
2015 88.8% 87.83% 88.28% 87.77% 88.18%
2014 87.63% 87.59% 87.92% 88.79% 88.0%
2013 86.86% 87.17% 85.86% 84.92% 86.23%
2012 85.56% 84.07% 83.22% 81.8% 83.7%
2011 81.27% 79.34% 78.61% 77.0% 79.1%
2010 76.87% 75.22% 71.39% 73.18%

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.