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Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits; various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages, and construction and development loans; commercial and industrial loans comprising working capital, equipment financing, and financing for other business-related purposes; residential real estate loans that consist of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. This segment also provides debit cards; automated teller machines (ATMs); telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services; and investment portfolio and wholesale funding services. The Wealth Management Services segment offers investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services comprising custody and fiduciary services for personal and institutional clients. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Washington Trust Bancorp, Inc. is the bank holding company for Washington Trust, a regional bank headquartered in Rhode Island providing retail and commercial banking, mortgage, wealth management and trust services across southern New England. Long-term growth may be driven by local loan and deposit expansion, wealth-management fees and margin improvement if rates stay supportive; its conservative lending culture and deposit base could support steady earnings.
Key risks include New England concentration, commercial real estate and interest-rate exposure, competition from larger banks and fintech, and potential credit or regulatory volatility.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 91.17M | 98.19M | 89.16M | 88.18M | 86.69M |
| Net income | 71.68M | 76.87M | 69.83M | 69.12M | 68.43M |
| Selling general administrative | 85.49M | 88.89M | 84.72M | 73.38M | 70.89M |
| Selling and marketing expenses | 2.59M | 1.84M | 1.47M | 1.53M | 1.41M |
| Gross profit | 218.59M | 228.83M | 226.89M | 200.49M | 194.40M |
| Reconciled depreciation | 0.86M | 0.89M | 4.09M | 4.23M | 4.26M |
| Ebit | 129.65M | 98.19M | 89.16M | 88.18M | 134.09M |
| Ebitda | 130.50M | 99.08M | 90.07M | 89.12M | 135.07M |
| Depreciation and amortization | 0.86M | 0.89M | 0.91M | 0.94M | 0.98M |
| Operating income | 129.65M | 98.19M | 89.16M | 88.18M | 130.81M |
| Other operating expenses | 5.71M | -130.64M | -137.73M | -112.31M | 63.59M |
| Interest expense | 38.48M | 16.56M | 42.49M | 64.25M | 44.12M |
| Tax provision | 19.49M | 21.32M | 19.33M | 19.06M | 18.26M |
| Interest income | 193.92M | 157.56M | 167.70M | 194.81M | 174.04M |
| Net interest income | 155.44M | 141.00M | 125.20M | 130.56M | 129.92M |
| Income tax expense | 19.49M | 21.32M | 19.33M | 19.06M | 18.26M |
| Total revenue | 218.59M | 228.83M | 226.89M | 200.49M | 194.40M |
| Total operating expenses | 5.71M | -130.64M | -137.73M | -112.31M | -63.59M |
| Cost of revenue | - | - | - | - | 45.67M |
| Total other income expense net | -38.48M | -16.56M | -42.49M | -64.25M | -44.12M |
| Net income from continuing ops | 71.68M | 76.87M | 69.83M | 69.12M | 68.43M |
| Net income applicable to common shares | 71.68M | 76.65M | 69.83M | 69.12M | 68.43M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 7223.85M | 6660.05M | 5851.13M | 5713.17M | 5292.66M |
| Intangible assets | 3.71M | 4.55M | 5.41M | 6.30M | 7.22M |
| Earning assets | - | - | - | - | 984.44M |
| Other current assets | 122.28M | -992.42M | 3458.76M | 3585.03M | 3222.34M |
| Total liab | 6751.16M | 6206.38M | 196.69M | 648.26M | 1193.01M |
| Total stockholder equity | 472.69M | 453.67M | 564.81M | 534.20M | 503.49M |
| Deferred long term liab | - | 2.10M | 1.90M | 1.50M | 0.91M |
| Other current liab | 4633.26M | 5018.96M | 4980.05M | 894.57M | 4766.49M |
| Common stock | 1.08M | 1.08M | 1.08M | 1.08M | 1.08M |
| Capital stock | 1.08M | 1.08M | 1.08M | 1.08M | 1.08M |
| Retained earnings | 501.92M | 492.04M | 458.31M | 418.25M | 390.36M |
| Other liab | - | 79.17M | 109.58M | 152.36M | 67.90M |
| Good will | 63.91M | 63.91M | 63.91M | 63.91M | 63.91M |
| Other assets | - | 6410.02M | 3458.76M | 3585.03M | 3222.34M |
| Cash | 86.82M | 115.49M | 175.26M | 194.14M | 132.19M |
| Total current liabilities | 5187.50M | 29.56M | 1100.88M | 894.57M | 4766.49M |
| Net debt | 1157.88M | 916.75M | 21.43M | 454.11M | 1060.81M |
| Short term debt | 554.24M | 29.56M | 1100.88M | 894.57M | 77.03M |
| Short long term debt | - | - | - | - | 77.03M |
| Short long term debt total | 1244.71M | 1032.24M | 196.69M | 648.26M | 1193.01M |
| Other stockholder equity | 110.84M | 118.34M | 125.39M | 122.25M | 123.28M |
| Property plant equipment | - | 31.55M | 55.60M | 28.87M | 28.70M |
| Total current assets | 122.28M | 119.93M | 1221.35M | 1096.84M | 1037.94M |
| Long term investments | 1003.74M | 996.86M | 1046.09M | 4213.50M | 3893.82M |
| Net tangible assets | - | 385.21M | 495.49M | 463.98M | 432.37M |
| Short term investments | 1003.74M | 996.86M | 1046.09M | 902.70M | 905.75M |
| Net receivables | - | 5.10M | 6.60M | 4.80M | 4.50M |
| Long term debt | 1212.68M | 1002.68M | 167.68M | 22.68M | 22.68M |
| Inventory | - | - | - | - | 1.11M |
| Accounts payable | - | 5018.96M | 4980.05M | 4378.35M | 3498.88M |
| Accumulated other comprehensive income | -141.15M | -157.80M | -19.98M | -7.39M | -11.24M |
| Common stock total equity | - | 1.08M | 1.08M | 1.08M | 1.08M |
| Retained earnings total equity | - | 492.04M | 458.31M | 418.25M | 390.36M |
| Treasury stock | - | -8.71M | -1.12M | -3.35M | - |
| Non currrent assets other | 6695.68M | -993.93M | -1171.02M | -1031.30M | -1032.37M |
| Non current assets total | 7101.56M | 130.10M | 1171.02M | 1031.30M | 1032.37M |
| Capital lease obligations | 32.03M | 29.56M | 29.01M | 31.72M | 28.86M |
| Long term debt total | - | 22.68M | 22.68M | 22.68M | 22.68M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -550.84M | -762.52M | 115.93M | -264.41M | -159.52M |
| Change to liabilities | - | 34.07M | -39.75M | 49.32M | 31.55M |
| Total cashflows from investing activities | - | -999.04M | -240.90M | -264.24M | -160.12M |
| Net borrowings | - | 835.00M | -448.86M | -547.61M | 190.74M |
| Total cash from financing activities | 491.00M | 825.96M | 116.31M | 291.57M | 131.66M |
| Change to operating activities | - | 3.35M | -0.69M | -8.28M | 3.73M |
| Net income | 48.09M | 71.68M | 76.87M | 69.83M | 69.12M |
| Change in cash | -28.24M | -60.07M | -23.77M | 63.81M | 44.98M |
| Begin period cash flow | 118.42M | 178.49M | 202.27M | 138.46M | 93.47M |
| End period cash flow | 90.18M | 118.42M | 178.49M | 202.27M | 138.46M |
| Total cash from operating activities | 33.67M | 113.01M | 100.81M | 36.48M | 73.44M |
| Depreciation | 4.85M | 4.33M | 4.30M | 4.09M | 4.23M |
| Other cashflows from investing activities | - | -230.38M | -353.34M | 3.58M | 2.54M |
| Dividends paid | 38.63M | 37.65M | 36.35M | 35.50M | 34.19M |
| Change to account receivables | - | - | - | -2.26M | - |
| Sale purchase of stock | -8.81M | -9.48M | -0.18M | -4.32M | 0.27M |
| Other cashflows from financing activities | 328.44M | 3194.20M | 1895.70M | 3068.13M | 1957.11M |
| Change to netincome | - | 30.68M | 16.70M | -34.78M | -8.44M |
| Capital expenditures | 5.05M | 6.14M | 3.49M | 3.41M | 3.13M |
| Cash flows other operating | - | -30.64M | 39.24M | -57.71M | -27.52M |
| Cash and cash equivalents changes | - | -60.07M | -23.77M | 63.81M | 44.98M |
| Change in working capital | -14.24M | 3.35M | -0.69M | -8.28M | 3.73M |
| Stock based compensation | 2.06M | 3.25M | 3.32M | 3.77M | 3.12M |
| Other non cash items | -3.40M | 29.24M | 14.86M | -29.80M | -5.28M |
| Free cash flow | 28.62M | 106.87M | 97.32M | 33.07M | 70.30M |
Sector: Financial Services Industry: Banks - Regional
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
|---|---|---|---|---|---|---|
| WASH Washington Trust Bancorp Inc |
-0.71 1.81% |
38.59 | 9.68 | 14.43 | 2.23 | 0.90 |
| DBSDY DBS Group Holdings Ltd ADR |
-2.42 1.05% |
227.80 | 20.00 | 17.57 | 7.54 | 3.17 |
| CIHHF China Merchants Bank Co Ltd Class H |
- -% |
6.66 | 7.70 | 7.10 | 0.55 | 0.83 |
| CIHKY China Merchants Bank Co Ltd |
1.20 3.58% |
34.75 | 7.79 | 7.20 | 0.55 | 0.85 |
| UNCFF UniCredit SpA |
-0.02 0.02% |
82.05 | 11.53 | 10.27 | 5.72 | 1.83 |
Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits; various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages, and construction and development loans; commercial and industrial loans comprising working capital, equipment financing, and financing for other business-related purposes; residential real estate loans that consist of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. This segment also provides debit cards; automated teller machines (ATMs); telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services; and investment portfolio and wholesale funding services. The Wealth Management Services segment offers investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services comprising custody and fiduciary services for personal and institutional clients. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.
| Name | Title | Year Born |
|---|---|---|
| Mr. Edward Otis Handy III | Chairman & CEO | 1962 |
| Mr. Mark Kenyon Wever Gim | Pres & COO | 1966 |
| Mr. Ronald S. Ohsberg CPA | Sr. EVP, CFO & Treasurer | 1965 |
| Ms. Mary E. Noons | Exec. VP & Chief Retail Lending Officer of The Washington Trust Company of Westerly | 1962 |
| Ms. Maria N. Janes CPA, CPA | Exec. VP, Chief Accounting Officer & Controller | 1971 |
| Ms. Elizabeth B. Eckel | Sr. VP and Chief Marketing & Corp. Communications Officer | 1960 |
| Ms. Kristen L. DiSanto | Sr. EVP, Chief HR Officer & Corp. Sec. | 1970 |
| Mr. Joseph M. Confessore | Sr. VP of Wealth Management & Commercial Banking | NA |
| Ms. Mary E. Noons | President & COO | 1962 |
| Mr. Ronald Stephen Ohsberg CPA | Senior EVP, CFO & Treasurer | 1965 |
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