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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	276.92	301.07	271.31	170.47	143.08	147.19
Interest Income on Investments	44.17	39.61	37.35	24	14.91	22.75
Total Interest Income	321.09	340.68	308.66	194.47	158	169.94
Interest Paid on Deposits	127.97	146.1	120.43	26.02	12.39	25.81
Interest Paid on Borrowings	47.75	66.13	51.13	12.45	4.17	16.68
Total Interest Expense	175.72	212.23	171.56	38.48	16.56	42.49
Net Interest Income	145.38	128.45	137.1	155.99	141.44	127.44
Net Interest Income Growth (YoY)	13.43%	-6.31%	-12.11%	10.29%	10.98%	-4.47%
Trust Income	40.43	39.05	35.54	38.75	41.28	35.45
Mortgage Banking Activities	11.69	10.98	6.66	8.73	28.63	47.38
Gain (Loss) on Sale of Investments	-31.05	-31.05	-	-	-	-
Other Non-Interest Income	18.09	13.07	11.13	11.93	14.8	13.87
Total Non-Interest Income	-20.54	-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	124.84	100.65	193.24	218.59	228.83	226.89
Provision for Loan Losses	9.6	2.4	3.2	-1.3	-4.82	12.34
Revenue	115.24	98.25	190.04	219.89	233.65	214.54
Revenue Growth (YoY)	-38.33%	-48.30%	-13.58%	-5.89%	8.91%	7.85%
Salaries and Employee Benefits	87.52	83.79	80.39	80.56	83.98	79.13
Occupancy Expenses	5.87	5.13	4.96	4.86	4.37	4.05
Federal Deposit Insurance	4.82	5.51	4.67	1.69	1.59	1.82
Amortization of Goodwill & Intangibles	0.81	0.83	0.84	0.86	0.89	0.91
Selling, General & Administrative	33.36	32.98	32.03	30.76	29.3	28.68
Other Non-Interest Expense	16.37	8.84	10.66	10	8.41	9.38
Total Non-Interest Expense	148.74	137.07	133.56	128.72	128.53	123.97
EBT Excluding Unusual Items	-33.5	-38.82	56.48	91.17	105.12	90.57
Other Unusual Items	-	-	-	-	-6.93	-1.41
Pretax Income	-33.5	-38.82	56.48	91.17	98.19	89.16
Income Tax Expense	-8.98	-10.76	8.31	19.49	21.32	19.33
Net Income	-24.52	-28.06	48.18	71.68	76.87	69.83
Preferred Dividends & Other Adjustments	-0.02	-0.02	0.09	0.2	0.22	0.15
Net Income to Common	-24.5	-28.04	48.09	71.48	76.65	69.68
Net Income Growth	-	-	-32.79%	-6.75%	10.08%	1.03%
Basic Shares Outstanding	19	17	17	17	17	17
Diluted Shares Outstanding	19	17	17	17	17	17
Shares Change (YoY)	9.91%	0.51%	-1.84%	-0.42%	0.30%	-0.07%
EPS (Basic)	-1.30	-1.63	2.82	4.14	4.43	4.03
EPS (Diluted)	-1.30	-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 Aug 6, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q