Washington Trust Bancorp IncWashington Trust Bancorp Inc
Washington Trust Bancorp Inc

Washington Trust Bancorp Inc

WASH
Financials·Banks

Washington Trust Bancorp, Inc. is a bank holding company, which engages in the provision of financial services, including business banking, personal banking and wealth management, and trust services. It operates through the Commercial Banking and Wealth Management Services segment. The Commercial Banking segment includes commercial, residential and consumer lending activities, mortgage banking activities, deposit generation, cash management activities and direct banking activities, which include the operation of ATMs, telephone and internet banking services and customer support and sales. The Wealth Management Services segment consists of investment management, financial planning, personal trust and estate services, including services as trustee, personal representative, custodian and guardian and institutional trust services, including fiduciary services. The company was founded on January 5, 1984 and is headquartered in Westerly, RI.

Rhode Island; U.S.A
Market cap
No dataNo data
Revenue
$229M+127.6% YoY
Net income
$52.2M+286.2% YoY
Free cash flow
$78.3M+45.9% YoY

Market

Listed stock
WASHPriceNasdaq
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Financial performance

Revenue
$229M+127.6% YoY
Operating income
$19.9M+114.6% YoY
Net income
$52.2M+286.2% YoY
Free cash flow
$78.3M+45.9% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $228.8M, 2022 $218.6M, 2023 $193.2M, 2024 $100.7M, 2025 $229M. Operating income: 2021 $190.7M, 2022 $168M, 2023 $44.7M, 2024 $-136.8M, 2025 $19.9M. Net income: 2021 $76.9M, 2022 $71.7M, 2023 $48.2M, 2024 $-28.1M, 2025 $52.2M. Free cash flow: 2021 $97.3M, 2022 $106.9M, 2023 $26.6M, 2024 $53.7M, 2025 $78.3M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
127.6%+17548 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $190.7M, 2022-12-31 $168M, 2023-12-31 $44.7M, 2024-12-31 $-136.8M, 2025-12-31 $19.9M. Net income: 2021-12-31 $76.9M, 2022-12-31 $71.7M, 2023-12-31 $48.2M, 2024-12-31 $-28.1M, 2025-12-31 $52.2M. Free cash flow: 2021-12-31 $97.3M, 2022-12-31 $106.9M, 2023-12-31 $26.6M, 2024-12-31 $53.7M, 2025-12-31 $78.3M

Growth heatmap

2022202320242025CAGR
Revenue
-4.5%
-11.6%
-47.9%
+127.6%
+0.0%
Gross profit
-3.2%
-12.7%
-48.2%
+123.8%
-0.5%
Operating income
-11.9%
-73.4%
-405.8%
+114.6%
-43.2%
Free cash flow
+9.8%
-75.2%
+102.1%
+45.9%
-5.3%

Earnings quality

Operating cash flow
$80.3M+39.3% YoY
Net income
$52.2M+286.2% YoY
Free cash flow
$78.3M+45.9% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 154%, 2024-12-31 -206%, 2023-12-31 66%, 2022-12-31 158%, 2021-12-31 131%. Free cash flow: 2025-12-31 150%, 2024-12-31 -191%, 2023-12-31 55%, 2022-12-31 149%, 2021-12-31 127%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
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Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
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Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
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Free cash flow yield
No data
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No data