Washington Trust Bancorp

Washington Trust Bancorp is a bank holding company and financial holding company. It is a holding company of The Washington Trust Company and operates through two business segments: Commercial Banking and Wealth Management Services. The Company offers a range of product lines of banking and financial services to individuals and businesses, including commercial, residential and consumer lending, retail and commercial deposit products, as well as wealth management services.

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
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Washington Trust Bancorp Financials and Metrics

Washington Trust Bancorp Financials

Washington Trust Bancorp's revenue was reported to be $198.6 m in FY, 2016
USD

Revenue (Q2, 2017)

54 m

Gross profit (Q2, 2017)

46.7 m

Gross profit margin (Q2, 2017), %

87%

Net income (Q2, 2017)

13.2 m

EBIT (Q2, 2017)

29.2 m

Market capitalization (22-Dec-2017)

956 m

Cash (30-Jun-2017)

117.6 m

EV

1.7 b
Washington Trust Bancorp's current market capitalization is $956 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

153.9 m180.1 m184.1 m198.6 m

Revenue growth, %

17%2%8%

Cost of goods sold

21.8 m23 m

Gross profit

162.3 m175.6 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

46.8 m45.4 m47.6 m48.1 m50.5 m50.2 m54 m

Cost of goods sold

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

Gross profit

41.3 m39.9 m42.4 m42.7 m44.6 m43.2 m46.7 m

Gross profit Margin, %

88%88%89%89%88%86%87%
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
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

79.8 m106.4 m90 m116.7 m126.8 m111.9 m117.6 m

PP&E

28.1 m28.2 m29.9 m29.6 m29.4 m28.9 m28.5 m

Goodwill

58.1 m64.2 m64.1 m64.1 m64.1 m64.1 m63.9 m

Total Assets

3.6 b3.7 b3.8 b3.9 b4.2 b4.4 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)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

26.4 m9.3 m19.1 m29.6 m11 m11.5 m32.7 m10.9 m22 m34.3 m11.8 m25 m

Depreciation and Amortization

156 k260 k323 k322 k321 k277 k

Cash From Operating Activities

66 m1.4 m938 k257 k9.3 m28.9 m48.2 m23.1 m20.7 m28.3 m16.9 m21.8 m

Purchases of PP&E

(17.1 m)(77.2 m)
USDY, 2017

EV/EBIT

58.5 x

EV/CFO

78.4 x

Revenue/Employee

95.7 k

Financial Leverage

10.8 x
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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

192021

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
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Washington Trust Bancorp Market Value History

Washington Trust Bancorp's Web-traffic and Trends

Washington Trust Bancorp Online and Social Media Presence

Washington Trust Bancorp Company Life and Culture

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