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WASHINGTON TRUST BANCORP INC (WASH)

As-reported financials and SEC filings for WASHINGTON TRUST BANCORP INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About WASHINGTON TRUST BANCORP INC

Washington Trust Bancorp, Inc. is a bank holding company that owns The Washington Trust Company, a Rhode Island-chartered bank. The company provides commercial banking, mortgage banking, personal banking, and wealth management services primarily in Rhode Island, Connecticut, and Massachusetts. Its main offerings include various loan products, deposit accounts, investment securities, and wealth management services for consumer, commercial, non-profit, and municipal customers.

Snapshot

Revenue
$229.0M
Revenue growth (YoY)
127.6%
Net income
$52.2M
Diluted EPS
$2.71
Gross margin
Operating margin
Net margin
22.8%
FCF margin
34.2%
ROE
9.6%
net income / fiscal-year-end equity
P/E
13.7×
trailing when available, otherwise FY EPS
Market cap
$752.9M
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Washington Trust Bancorp

  • Revenue grew 127.6% to $229M in FY2025, after a 47.9% decline the year before.
  • Most recent quarter Q2 FY2026: revenue $60M, up 11.4% from Q2 FY2025.
  • Free cash flow was $78M in FY2025, 34.2% of revenue.
  • Net income turned positive at $52M in FY2025, from a $28M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Washington Trust Bancorp’s fundamentals sit among the 76 banks. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin22.8%
24th percentile of 76
FCF margin34.2%
67th percentile of 58
Revenue growth (YoY)+127.6%
Highest of 76
ROE9.6%
44th percentile of 76
P/E13.7×
72nd percentile of 75
Short interest11.40d
97th percentile of 75

Washington Trust Bancorp’s revenue growth of +127.6% is the highest of the 76 banks reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $35. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+5 quant / multi-strat
Initiated / added
5
2 new, 3 added
Reduced / exited
1
0 trimmed, 1 exited
Combined position
$45.1M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$16.8M461.3KAdded
Two Sigma InvestmentsquantQ2 2026$16.5M453.2KAdded
Citadel AdvisorsquantQ2 2026$6.1M166.3KAdded
Millennium ManagementquantQ2 2026$5.5M150.2KNew
D. E. ShawquantQ2 2026$234,2026.4KNew

No longer held by: Renaissance Technologies (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$35
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-28
Handy Edward O. IIIChairman and CEOSell1$38.94$35
2026-04-30
filed 2026-05-04
Lora Rolando AEVP Ch Ret Len Off Dir Com LenSell885$31.55$28K
2026-04-27
filed 2026-04-28
Handy Edward O. IIIChairman and CEOBuy3.2K$31.32$100K
2026-04-24
filed 2026-04-28
Ohsberg Ronald S.SEVP, CFO and TreasurerBuy1.6K$31.00$50K
2026-04-23
filed 2026-04-27
Brown James CannonSEVP, Chief Comm'l Banking OffBuy20.1K$30.97$622K
2026-04-23
filed 2026-04-27
Brown James CannonSEVP, Chief Comm'l Banking OffBuy11.9K$31.51$375K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.3M
settled 2026-08-14
Change vs prior
+6.0%
vs previous settlement
Days to cover
11.40
at avg daily volume
Avg daily volume
116.3K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-141.3M+6.0%11.40
2026-07-311.3M+6.1%6.82
2026-07-151.2M-1.7%7.87
2026-06-301.2M+14.2%5.00
2026-06-151.1M+10.8%6.36
2026-05-29948.5K+3.2%6.21
2026-05-15918.7K-7.4%5.29
2026-04-30991.8K-3.0%3.53

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Bank fundamentals

Regulatory detail for The Washington Trust Company, of Westerly (Westerly, RI), the insured-bank subsidiary, from its FDIC Call Report as of Q1 2026. This is what actually moves bank stocks: deposit franchise, capital, and credit quality that a standard income statement can’t show.

Total deposits
$5.2B
FDIC insured-bank
Uninsured deposits
26.0%
share of deposits
CET1 ratio
12.31%
regulatory capital
Net interest margin
2.69%
trailing
Efficiency ratio
64.3%
lower is better
Noncurrent loans
0.80%
of gross loans

Source: FDIC BankFind (Call Report). Bank-subsidiary figures, filed quarterly ~30 days after quarter-end.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$229.0M$100.7M$193.2M$218.6M$228.8M
Gross profit
Operating income
Net income$52.2M$-28.1M$48.2M$71.7M$76.9M
Diluted EPS$2.71$-1.63$2.82$4.11$4.39

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$103.7M$113.9M$90.2M$118.4M$178.5M
Current assets
Total assets$6.62B$6.93B$7.20B$6.66B$5.85B
Current liabilities
Long-term debt
Total liabilities$6.08B$6.43B$6.73B$6.21B$5.29B
Total equity$543.6M$499.7M$472.7M$453.7M$564.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$80.3M$57.7M$31.6M$113.0M$100.8M
Capital expenditure$2.0M$4.0M$5.0M$6.1M$3.5M
Free cash flow$78.3M$53.7M$26.6M$106.9M$97.3M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$60.5M11.4%$16.0M$0.83
Q1 FY2026$57.8M-2.1%$12.6M$0.66
Q4 FY2025$59.3M$16.0M$0.83
Q3 FY2025$56.5M16.3%$10.8M$0.56
Q2 FY2025$54.3M12.5%$13.2M$0.68
Q1 FY2025$59.1M21.0%$12.2M$0.63
Q4 FY2024$-45.0M-197.8%$-60.8M$-3.52
Q3 FY2024$48.5M-0.9%$11.0M$0.64

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorFinancials
SIC industryState Commercial Banks
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2011
SEC CIK737468

Selected SEC filings

10-K2026-02-24
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-07-20
View on EDGAR →
8-K2026-05-12
View on EDGAR →
8-K2026-05-01
View on EDGAR →
8-K2026-04-20
View on EDGAR →

Largest bank peers

All bank stocksAll Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.