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.
Westerly, US
Size (employees)
564 (est)+2%
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 $133.5 m in FY, 2016 which is a 6% increase from the previous period.
$, USD

Revenue (FY, 2016)

133.5 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

110.5 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

46.5 m

EBIT (FY, 2016)

104.8 m

Market capitalization (23-Jun-2017)

864.6 m

Closing share price (23-Jun-2017)


Cash (31-Dec-2016)

106.2 m
Washington Trust Bancorp's current market capitalization is $864.6 m.
$, USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


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

Revenue growth, %


Cost of goods sold

21.8 m23 m

Gross profit

104 m110.5 m

Gross profit Margin, %


Operating expense total

96.9 m101.1 m

Depreciation and amortization

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


52.7 m59.8 m64.3 m104.8 m

EBIT margin, %


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


81.9 m76.4 m93.2 m106.2 m


25.4 m27.5 m29.6 m29 m


58.1 m58.1 m64.1 m64.1 m

Total Assets

3.2 b3.6 b3.8 b4.4 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

Financial Leverage

10 x11.2 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
$, USDY, 2016


239.6 k

Financial Leverage

11.2 x

Washington Trust Bancorp Market Value History

Washington Trust Bancorp Online and Social Media Presence

Washington Trust Bancorp Company Life and Culture

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