Washington Trust Bancorp, Inc. (WASH)

Washington Trust Bancorp Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	283.95	301.07	271.31	170.47	143.08	147.19
Interest Income on Investments	43.78	39.61	37.35	24	14.91	22.75
Total Interest Income	327.73	340.68	308.66	194.47	158	169.94
Interest Paid on Deposits	133.95	146.1	120.43	26.02	12.39	25.81
Interest Paid on Borrowings	54.98	66.13	51.13	12.45	4.17	16.68
Total Interest Expense	188.93	212.23	171.56	38.48	16.56	42.49
Net Interest Income	138.81	128.45	137.1	155.99	141.44	127.44
Net Interest Income Growth (YoY)	7.06%	-6.31%	-12.11%	10.29%	10.98%	-4.47%
Trust Income	40.05	39.05	35.54	38.75	41.28	35.45
Mortgage Banking Activities	11.05	10.98	6.66	8.73	28.63	47.38
Gain (Loss) on Sale of Investments	-31.05	-31.05	-	-	-	-
Other Non-Interest Income	19.91	13.07	11.13	11.93	14.8	13.87
Total Non-Interest Income	-19.8	-27.8	56.14	62.6	87.39	99.44
Non-Interest Income Growth (YoY)	-	-	-10.32%	-28.37%	-12.12%	48.24%
Revenues Before Loan Losses	119.01	100.65	193.24	218.59	228.83	226.89
Provision for Loan Losses	3	2.4	3.2	-1.3	-4.82	12.34
Revenue	116.01	98.25	190.04	219.89	233.65	214.54
Revenue Growth (YoY)	-37.97%	-48.30%	-13.58%	-5.89%	8.91%	7.85%
Salaries and Employee Benefits	85.82	83.79	80.39	80.56	83.98	79.13
Occupancy Expenses	5.18	5.13	4.96	4.86	4.37	4.05
Federal Deposit Insurance	5.17	5.51	4.67	1.69	1.59	1.82
Amortization of Goodwill & Intangibles	0.82	0.83	0.84	0.86	0.89	0.91
Selling, General & Administrative	34.41	32.98	32.03	30.76	29.3	28.68
Other Non-Interest Expense	9.69	8.84	10.66	10	8.41	9.38
Total Non-Interest Expense	141.09	137.07	133.56	128.72	128.53	123.97
EBT Excluding Unusual Items	-25.08	-38.82	56.48	91.17	105.12	90.57
Other Unusual Items	-6.44	-	-	-	-6.93	-1.41
Pretax Income	-33.62	-38.82	56.48	91.17	98.19	89.16
Income Tax Expense	-9.23	-10.76	8.31	19.49	21.32	19.33
Net Income	-24.39	-28.06	48.18	71.68	76.87	69.83
Preferred Dividends & Other Adjustments	-0.04	-0.02	0.09	0.2	0.22	0.15
Net Income to Common	-24.35	-28.04	48.09	71.48	76.65	69.68
Net Income Growth	-	-	-32.79%	-6.75%	10.08%	1.03%
Basic Shares Outstanding	18	17	17	17	17	17
Diluted Shares Outstanding	18	17	17	17	17	17
Shares Change (YoY)	7.08%	0.51%	-1.84%	-0.42%	0.30%	-0.07%
EPS (Basic)	-1.33	-1.63	2.82	4.14	4.43	4.03
EPS (Diluted)	-1.33	-1.63	2.82	4.11	4.39	4.00
EPS Growth	-	-	-31.39%	-6.38%	9.75%	1.01%
Dividend Per Share	2.240	2.240	2.240	2.180	2.100	2.050
Dividend Growth	-	-	2.75%	3.81%	2.44%	2.50%
Effective Tax Rate	-	-	14.70%	21.38%	21.71%	21.68%

Updated Jul 21, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q