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.
Type
Public
HQ
Westerly, US
Founded
1800
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 Metrics

Washington Trust Bancorp Financial Metrics

Revenue (2016)

$133.5 m

Revenue growth (2015-16), %

6%

Gross profit

$110.5 m

Gross profit margin (2016), %

83%

Net income (2016)

$46.5 m

Market capitalization (21-Mar-2017)

$893.9 m

Closing share price (21-Mar-2017)

$52.9

Cash (31-Dec-2016)

$106.2 m
Washington Trust Bancorp's current market capitalization is $893.9 m.
Washington Trust Bancorp's revenue was reported to be $133.5 m in FY, 2016 which is a 6.1% increase from the previous period.
FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$125.7 m$137.7 m$153.9 m$121.1 m$125.8 m$133.5 m

Revenue growth, %

10%(21%)4%6%

Cost of goods sold

$21.8 m$23 m

Gross profit

$104 m$110.5 m

Gross profit Margin, %

83%83%

Operating expense total

$96.9 m$101.1 m

Depreciation and amortization

$4.2 m$4.1 m$3.9 m$4 m$3.8 m$4.3 m

EBIT

$52.7 m$59.8 m$64.3 m$104.8 m

EBIT margin, %

34%49%51%79%

Pre tax profit

$64.3 m$68.9 m

Income tax expense

$15.8 m$16.5 m$19 m$20.9 m$22.4 m

Net Income

$36.2 m$40.8 m$43.5 m$46.5 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$81.9 m$76.4 m$93.2 m$106.2 m

Accounts Receivable

Inventories

PP&E

$25.4 m$27.5 m$29.6 m$29 m

Goodwill

$58.1 m$58.1 m$64.1 m$64.1 m

Total Assets

$3.2 b$3.6 b$3.8 b$4.4 b

Accounts Payable

Additional Paid-in Capital

$97.6 m$101.2 m$110.9 m$115.1 m

Retained Earnings

$232.6 m$252.8 m$273.1 m$294.4 m

Total Equity

$375.4 m$390.8 m

Financial Leverage

10 x11.2 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$36.2 m$40.8 m$43.5 m$46.5 m

Depreciation and Amortization

$904 k$1.3 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

$80.9 m$2.7 m$51.6 m$58.7 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 m$349.7 m$131.6 m$576.8 m

Washington Trust Bancorp Market Value History

Washington Trust Bancorp Online Presence

Washington Trust Bancorp Company Life

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