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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	292.8	301.07	271.31	170.47	143.08	147.19
Interest Income on Investments	42.09	39.61	37.35	24	14.91	22.75
Total Interest Income	334.89	340.68	308.66	194.47	158	169.94
Interest Paid on Deposits	139.8	146.1	120.43	26.02	12.39	25.81
Interest Paid on Borrowings	61.88	66.13	51.13	12.45	4.17	16.68
Total Interest Expense	201.68	212.23	171.56	38.48	16.56	42.49
Net Interest Income	133.21	128.45	137.1	155.99	141.44	127.44
Net Interest Income Growth (YoY)	1.24%	-6.31%	-12.11%	10.29%	10.98%	-4.47%
Trust Income	39.61	39.05	35.54	38.75	41.28	35.45
Mortgage Banking Activities	10.78	10.98	6.66	8.73	28.63	47.38
Gain (Loss) on Sale of Investments	-31.05	-31.05	-	-	-	-
Other Non-Interest Income	20.24	13.07	11.13	11.93	14.8	13.87
Total Non-Interest Income	-20.22	-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	112.99	100.65	193.24	218.59	228.83	226.89
Provision for Loan Losses	2.9	2.4	3.2	-1.3	-4.82	12.34
Revenue	110.09	98.25	190.04	219.89	233.65	214.54
Revenue Growth (YoY)	-40.94%	-48.30%	-13.58%	-5.89%	8.91%	7.85%
Salaries and Employee Benefits	84.41	83.79	80.39	80.56	83.98	79.13
Occupancy Expenses	5.16	5.13	4.96	4.86	4.37	4.05
Federal Deposit Insurance	5.33	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	33.5	32.98	32.03	30.76	29.3	28.68
Other Non-Interest Expense	15.68	8.84	10.66	10	8.41	9.38
Total Non-Interest Expense	144.9	137.07	133.56	128.72	128.53	123.97
EBT Excluding Unusual Items	-34.81	-38.82	56.48	91.17	105.12	90.57
Other Unusual Items	-	-	-	-	-6.93	-1.41
Pretax Income	-36.91	-38.82	56.48	91.17	98.19	89.16
Income Tax Expense	-10.1	-10.76	8.31	19.49	21.32	19.33
Net Income	-26.82	-28.06	48.18	71.68	76.87	69.83
Preferred Dividends & Other Adjustments	-0.03	-0.02	0.09	0.2	0.22	0.15
Net Income to Common	-26.78	-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)	3.94%	0.51%	-1.84%	-0.42%	0.30%	-0.07%
EPS (Basic)	-1.51	-1.63	2.82	4.14	4.43	4.03
EPS (Diluted)	-1.51	-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 May 7, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q