Washington Trust Bancorp, Inc. Cost of Revenue

Cost of Revenue of WASH for past 10 years: annual, quarterly and twelve month trailing (TTM) including Cost of Revenue growth rates and interactive chart. Cost of revenue refers to the direct costs attributable to the production of the goods or supply of services by an entity. It is also commonly known as the “cost of goods sold (COGS)”. Cost of sales measures the cost of goods produced or services provided in a period by an entity. It includes the cost of the direct materials used in producing the goods, direct labor costs used to produce the good, along with any other direct costs associated with the production of goods. In case of services cost of sales includes the labor cost or salaries of the employees and other directly attributable costs. Cost of sales does not include indirect expenses such as distribution costs and marketing costs. It appears on the income statement and is deducted from the sales revenue for the calculation of gross profit (or gross margin).

Highlights and Quick Summary

  • Cost of Revenue for the quarter ending March 30, 2021 was $5.14 Million (a -27.96% decrease compared to previous quarter)
  • Year-over-year quarterly Cost of Revenue decreased by -55.97%
  • Annual Cost of Revenue for 2020 was $42.5 Million (a -33.86% decrease from previous year)
  • Annual Cost of Revenue for 2019 was $64.2 Million (a 45.63% increase from previous year)
  • Annual Cost of Revenue for 2018 was $44.1 Million (a 46.79% increase from previous year)
  • Twelve month Cost of Revenue ending March 30, 2021 was $33.1 Million (a -22.07% decrease compared to previous quarter)
  • Twelve month trailing Cost of Revenue decreased by -43.02% year-over-year
Trailing Cost of Revenue for the last four month:
30 Mar '21 30 Dec '20 29 Sep '20 29 Jun '20
$33.1 Million $42.5 Million $50.8 Million $58.1 Million
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Historical Cost of Revenue of Washington Trust Bancorp, Inc.

Most recent Cost of Revenueof WASH including historical data for past 10 years.

Interactive Chart of Cost of Revenue of Washington Trust Bancorp, Inc.

Washington Trust Bancorp, Inc. Cost of Revenue for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $5.14
2020 $7.13 $9.18 $11.67 $14.51 $42.49
2019 $15.39 $16.55 $16.7 $15.61 $64.25
2018 $13.64 $11.72 $10.18 $8.59 $44.12
2017 $8.01 $7.81 $7.25 $6.99 $30.06
2016 $6.47 $5.88 $5.41 $5.23 $22.99
2015 $5.22 $5.53 $5.48 $5.54 $21.77
2014 $5.64 $5.39 $5.12 $5.45 $21.61
2013 $5.85 $6.0 $6.39 $6.33 $24.56
2012 $6.93 $7.52 $7.78 $8.15 $30.37
2011 $8.49 $8.99 $9.35 $9.57 $36.39
2010 $10.13 $11.05 $12.02 $46.06

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.