Washington Trust Bancorp, Inc. Operating Income

Operating Income of WASH for past 10 years: annual, quarterly and twelve month trailing (TTM) including Operating Income growth rates and interactive chart. Operating income is the amount of profit realized from a business's operations, after deducting operating expenses such as wages, depreciation, and cost of goods sold (COGS). Operating income–also called income from operations–takes a company's gross income, which is equivalent to total revenue minus COGS, and subtracts all operating expenses. A business's operating expenses are costs incurred from normal operating activities and include items such as office supplies and utilities. Operating income is measured before interest and tax expenses and is a good gauge of a company's operational profitability.

Highlights and Quick Summary

  • Operating Income for the quarter ending March 30, 2021 was $26.1 Million (a 8.52% increase compared to previous quarter)
  • Year-over-year quarterly Operating Income decreased by -1.71%
  • Annual Operating Income for 2020 was $89.2 Million (a 1.11% increase from previous year)
  • Annual Operating Income for 2019 was $88.2 Million (a 1.72% increase from previous year)
  • Annual Operating Income for 2018 was $86.7 Million (a 11.66% increase from previous year)
  • Twelve month Operating Income ending March 30, 2021 was $100 Million (a 12.44% increase compared to previous quarter)
  • Twelve month trailing Operating Income increased by 17.21% year-over-year
Trailing Operating Income for the last four month:
30 Mar '21 30 Dec '20 29 Sep '20 29 Jun '20
$100 Million $89.2 Million $84.9 Million $85.5 Million
Visit stockrow.com/WASH for comprehensive keystats, realtime prices, income statement, balance sheet, cash flow statement with 10 years of data, and state-of-the-art screener.

Historical Operating Income of Washington Trust Bancorp, Inc.

Most recent Operating Incomeof WASH including historical data for past 10 years.

Interactive Chart of Operating Income of Washington Trust Bancorp, Inc.

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

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $26.13
2020 $24.08 $23.45 $26.59 $15.04 $89.16
2019 $19.86 $24.05 $21.94 $22.34 $88.18
2018 $21.56 $22.25 $22.42 $20.47 $86.69
2017 $21.15 $19.29 $19.7 $17.5 $77.64
2016 $18.04 $18.19 $16.21 $16.42 $68.85
2015 $16.14 $15.68 $17.32 $16.19 $65.33
2014 $16.41 $15.42 $14.38 $13.61 $59.82
2013 $14.19 $14.54 $13.1 $10.85 $52.68
2012 $13.03 $12.77 $12.76 $12.32 $50.87
2011 $11.07 $10.91 $10.89 $9.78 $42.65
2010 $10.37 $9.19 $7.51 $34.35

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.