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.

Type
Public
HQ
Westerly, US
Founded
1800
Size (employees)
564 (est)
Washington Trust Bancorp was founded in 1800 and is headquartered in Westerly, US
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Key People/Management at Washington Trust Bancorp

Edward Handy

Edward Handy

Chairman and Chief Executive Officer

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 $198.60 m in FY, 2016 which is a 7.9% increase from the previous period.
USD

Revenue (Q2, 2017)

54 m

Gross profit (Q2, 2017)

46.7 m

Gross profit margin (Q2, 2017), %

86.6%

Net income (Q2, 2017)

13.2 m

EBIT (Q2, 2017)

29.2 m

Market capitalization (20-Apr-2018)

975.3 m

Cash (30-Jun-2017)

117.6 m

EV

1.7 b
Washington Trust Bancorp's current market capitalization is $975.3 m.
Annual
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
Quarterly
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%
Annual
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
Quarterly
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
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

36.2 m40.8 m43.5 m46.5 m

Depreciation and Amortization

904 k1.3 m
Quarterly
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

59.1 x

EV/CFO

79.3 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 was reported to be $3.2b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

19 20 21

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$20.20 m

Total Loans

$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$3.20 b
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