Washington Trust Bancorp

Washington Trust is one of New England’s premier financial services companies, providing commercial banking, small business banking, personal banking, and wealth management and trust services to individuals and institutions throughout the region. Washington Trust has eighteen convenient banking offices and four wealth management offices located throughout Rhode Island, Massachusetts and Connecticut. Our team of experienced professionals is dedicated to providing customized, comprehensive financial solutions and personalized services. Founded in 1800, Washington Trust is the largest independent bank in Rhode Island and the oldest community bank in the nation. Washington Trust has been named one of the "Best Places to Work" in Rhode Island. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc.
Company Growth (employees)
Type
Public
HQ
Westerly, US
Founded
1800
Size (employees)
564 (est)
Washington Trust Bancorp was founded in 1800 and is headquartered in Westerly, US

Washington Trust Bancorp Office Locations

Washington Trust Bancorp has an office in Westerly
Westerly, US (HQ)
23 Broad St

Washington Trust Bancorp Data and Metrics

Washington Trust Bancorp Financial Metrics

Washington Trust Bancorp's revenue was reported to be $50.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

50.2 m

Gross profit (Q1, 2017)

43.2 m

Gross profit margin (Q1, 2017), %

86%

Net income (Q1, 2017)

11.8 m

EBIT (Q1, 2017)

28.3 m

Market capitalization (17-Aug-2017)

853.7 m

Cash (31-Mar-2017)

111.9 m
Washington Trust Bancorp's current market capitalization is $853.7 m.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

125.7 m137.7 m153.9 m121.1 m125.8 m133.5 m

Revenue growth, %

10%(21%)4%6%

Cost of goods sold

21.8 m23 m

Gross profit

104 m110.5 m

Gross profit Margin, %

83%83%

Sales and marketing expense

67.2 m

Operating expense total

96.9 m101.1 m

Depreciation and amortization

4.2 m4.1 m3.9 m4 m3.8 m4.3 m

EBIT

52.7 m59.8 m64.3 m104.8 m

EBIT margin, %

34%49%51%79%

Pre tax profit

64.3 m68.9 m

Income tax expense

15.8 m16.5 m19 m20.9 m22.4 m

Net Income

36.2 m40.8 m43.5 m46.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

46.8 m45.4 m47.6 m48.1 m50.5 m50.2 m

Cost of goods sold

5.5 m5.5 m5.2 m5.4 m5.9 m7 m

Gross profit

41.3 m39.9 m42.4 m42.7 m44.6 m43.2 m

Gross profit Margin, %

88%88%89%89%88%86%

Sales and marketing expense

15.5 m16 m16.4 m17.4 m16.9 m16.8 m

Operating expense total

15.5 m16 m16.4 m17.4 m16.9 m16.8 m

EBIT

25.9 m25.8 m27.2 m26.3 m25.6 m28.3 m

EBIT margin, %

55%57%57%55%51%56%

Pre tax profit

16.9 m15.2 m16.4 m16.2 m18.2 m17.5 m

Income tax expense

5.4 m5 m5.5 m5.2 m5.9 m5.7 m

Net Income

19.1 m29.6 m11 m11.5 m32.7 m10.9 m22 m34.3 m11.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

81.9 m76.4 m93.2 m106.2 m

Accounts Receivable

2.1 m

PP&E

25.4 m27.5 m29.6 m29 m

Goodwill

58.1 m58.1 m64.1 m64.1 m

Total Assets

3.2 b3.6 b3.8 b4.4 b

Accounts Payable

3.1 b

Total Debt

848.9 m

Total Liabilities

4 b

Additional Paid-in Capital

97.6 m101.2 m110.9 m115.1 m

Retained Earnings

232.6 m252.8 m273.1 m294.4 m

Total Equity

375.4 m390.8 m

Debt to Equity Ratio

2.2 x

Debt to Assets Ratio

0.2 x

Financial Leverage

10 x11.2 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

79.8 m106.4 m90 m116.7 m126.8 m111.9 m

PP&E

28.1 m28.2 m29.9 m29.6 m29.4 m28.9 m

Goodwill

58.1 m64.2 m64.1 m64.1 m64.1 m64.1 m

Total Assets

3.6 b3.7 b3.8 b3.9 b4.2 b4.4 b

Accounts Payable

2.7 b2.8 b2.9 b2.8 b3 b3.1 b

Common Stock

1.1 m1.1 m1.1 m1.1 m1.1 m1.1 m

Additional Paid-in Capital

103.4 m109.7 m111.6 m112.3 m113.3 m116.2 m

Retained Earnings

263.8 m268.2 m277.8 m282.7 m288.6 m299.6 m

Total Equity

359.2 m370.5 m381.3 m388.3 m395.3 m397.8 m

Financial Leverage

10.1 x9.9 x10.1 x10.1 x10.6 x11 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

36.2 m40.8 m43.5 m46.5 m

Depreciation and Amortization

904 k1.3 m

Cash From Operating Activities

80.9 m2.7 m51.6 m58.7 m

Purchases of PP&E

(113.6 m)

Cash From Investing Activities

(184.1 m)(357.4 m)(165.9 m)(625.4 m)

Dividends Paid

(16.6 m)(19.7 m)(22.8 m)(24.6 m)

Cash From Financing Activities

95.9 m349.7 m131.6 m576.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

19.1 m29.6 m11 m11.5 m32.7 m10.9 m22 m34.3 m11.8 m

Depreciation and Amortization

156 k260 k323 k322 k321 k277 k

Cash From Operating Activities

938 k257 k9.3 m28.9 m48.2 m23.1 m20.7 m28.3 m16.9 m

Purchases of PP&E

(17.1 m)(77.2 m)

Cash From Investing Activities

(43.1 m)(189.4 m)(4 m)(64.3 m)(59.8 m)(73.7 m)(102.6 m)(375 m)(6.2 m)

Dividends Paid

(9.5 m)(14.4 m)(5.4 m)(11.2 m)(17 m)(5.8 m)(12.1 m)(18.3 m)(6.4 m)

Cash From Financing Activities

106 m193.8 m3.4 m39.1 m41.3 m47.9 m104.3 m378.2 m(4.5 m)
USDY, 2017

Revenue/Employee

89 k

Financial Leverage

11 x

Washington Trust Bancorp Market Value History

Traffic Overview of Washington Trust Bancorp

Washington Trust Bancorp Online and Social Media Presence

Washington Trust Bancorp Company Life and Culture

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