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)
Westerly, US
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 Financials and Metrics

Washington Trust Bancorp Financials

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

Revenue (Q1, 2017)

50.2 m

Gross profit (Q1, 2017)

43.2 m

Gross profit margin (Q1, 2017), %


Net income (Q1, 2017)

11.8 m

EBIT (Q1, 2017)

28.3 m

Market capitalization (20-Oct-2017)

1 b

Cash (31-Mar-2017)

111.9 m
Washington Trust Bancorp's current market capitalization is $1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016


153.9 m180.1 m184.1 m198.6 m

Revenue growth, %


Cost of goods sold

21.8 m23 m

Gross profit

162.3 m175.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017


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, %

USDFY, 2013FY, 2014FY, 2015FY, 2016


81.9 m76.4 m93.2 m106.2 m

Accounts Receivable

2.1 m


25.4 m27.5 m29.6 m29 m


58.1 m58.1 m64.1 m64.1 m
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017


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


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


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
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)
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)
USDY, 2017


89 k

Financial Leverage

11 x
Show all financial metrics

Washington Trust Bancorp Operating Metrics

Washington Trust Bancorp's Total Loans Issued was reported to be $3.2 b in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches


Total Loans Issued

$2.86 b$2.88 b$2.93 b$2.95 b$3.01 b$3.05 b$3.08 b$3.18 b$3.23 b$3.22 b$3.2 b

Non-accrual Loans

$15.95 m$15.87 m$15.13 m$16.84 m$21.05 m$17.43 m$17.25 m$23.95 m$22.06 m$22.13 m$20.2 m
Show all operating metrics

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

You may also be interested in