Washington Trust Bancorp, Inc. (FRA:WT1)

Washington Trust Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	272.37	301.07	271.31	170.47	143.08
Interest Income on Investments	45.72	39.61	37.35	24	14.91
Total Interest Income	318.09	340.68	308.66	194.47	158
Interest Paid on Deposits	123.9	146.1	120.43	26.02	12.39
Interest Paid on Borrowings	41.01	66.13	51.13	12.45	4.17
Total Interest Expense	164.9	212.23	171.56	38.48	16.56
Net Interest Income	153.19	128.45	137.1	155.99	141.44
Net Interest Income Growth (YoY)	19.26%	-6.31%	-12.11%	10.29%	10.98%
Trust Income	41.24	39.05	35.54	38.75	41.28
Mortgage Banking Activities	12.09	10.98	6.66	8.73	28.63
Gain (Loss) on Sale of Investments	-	-31.05	-	-	-
Other Non-Interest Income	19.3	13.07	11.13	11.93	14.8
Total Non-Interest Income	75.86	-27.8	56.14	62.6	87.39
Non-Interest Income Growth (YoY)	-	-	-10.32%	-28.37%	-12.12%
Revenues Before Loan Losses	229.05	100.65	193.24	218.59	228.83
Provision for Loan Losses	9.2	2.4	3.2	-1.3	-4.82
Revenue	219.85	98.25	190.04	219.89	233.65
Revenue Growth (YoY)	123.76%	-48.30%	-13.58%	-5.89%	8.91%
Salaries and Employee Benefits	91.77	83.79	80.39	80.56	83.98
Occupancy Expenses	10.74	5.13	4.96	4.86	4.37
Federal Deposit Insurance	4.58	5.51	4.67	1.69	1.59
Amortization of Goodwill & Intangibles	0.76	0.83	0.84	0.86	0.89
Selling, General & Administrative	26.31	32.98	32.03	30.76	29.3
Other Non-Interest Expense	11.85	8.84	10.66	10	8.41
Total Non-Interest Expense	146	137.07	133.56	128.72	128.53
EBT Excluding Unusual Items	73.85	-38.82	56.48	91.17	105.12
Other Unusual Items	-6.44	-	-	-	-6.93
Pretax Income	67.41	-38.82	56.48	91.17	98.19
Income Tax Expense	15.17	-10.76	8.31	19.49	21.32
Net Income	52.24	-28.06	48.18	71.68	76.87
Preferred Dividends & Other Adjustments	-	-0.02	0.09	0.2	0.22
Net Income to Common	52.24	-28.04	48.09	71.48	76.65
Net Income Growth	-	-	-32.79%	-6.75%	10.08%
Basic Shares Outstanding	19	17	17	17	17
Diluted Shares Outstanding	19	17	17	17	17
Shares Change (YoY)	12.43%	0.51%	-1.84%	-0.42%	0.30%
EPS (Basic)	2.72	-1.63	2.82	4.14	4.43
EPS (Diluted)	2.71	-1.63	2.82	4.11	4.39
EPS Growth	-	-	-31.39%	-6.38%	9.75%
Dividend Per Share	2.240	2.240	2.240	2.180	2.100
Dividend Growth	-	-	2.75%	3.81%	2.44%
Effective Tax Rate	22.50%	-	14.70%	21.38%	21.71%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.