Washington Trust Bancorp Inc

Chart & Performance

D1W1MN

P/E

12.25

P/S

3.11

EPS

2.50

Div Yield, %

6.55%

Shrs. gr., 5y

-0.38%

Rev. gr., 5y

-0.45%

Revenues

190m

-13.06%

Net income

48m

-32.79%

CFO

32m

-72.03%

Dividend

Oct 01, 20240.56 USD/sh

Earnings

Jan 22, 2025

Profile

Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans that consist of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. This segment also offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits, as well as debit card, automated teller machine, telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services. The Wealth Management Services segment provides investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services comprising custody and fiduciary services. This segment serves personal and institutional clients. The company also operates as a licensed broker-dealer; and offers variable annuities and college savings plans. As of December 31, 2021, it had 10 branch offices located in southern Rhode Island, 13 branch offices located in the greater Providence area in Rhode Island, and 1 branch office located in southeastern Connecticut. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.

URL

https://ir.washtrust.com/corporate-profile/default.aspx

IPO date

Jun 08, 1987

Employees

651

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	190,038 -13.06%	218,592 -4.47%
Cost of revenue	(83,684)	88,078
Unusual Expense (Income)
NOPBT	273,722	130,514
NOPBT Margin	144.04%	59.71%
Operating Taxes	8,305	19,489
Tax Rate	3.03%	14.93%
NOPAT	265,417	111,025
Net income	48,176 -32.79%	71,681 -6.75%
Dividends	(38,631)	(37,647)
Dividend yield	6.99%	4.59%
Proceeds from repurchase of equity	(8,814)	(10,300)
BB yield	1.60%	1.26%
Debt
Debt current		29,558
Long-term debt	726,735	1,061,797
Deferred revenue		(18,664)
Other long-term liabilities	6,035,453	3,481,959
Net debt	434,755	(1,017,853)
Cash flow
Cash from operating activities	31,603	113,006
CAPEX	(5,048)	(6,139)
Cash from investing activities	(550,840)	(999,041)
Cash from financing activities	490,999	825,964
FCF	262,468	(1,630,499)
Balance
Cash	90,184	1,112,350
Long term investments	201,796	996,858
Excess cash	282,478	2,098,278
Stockholders' equity	361,849	335,328
Invested Capital	6,920,369	6,306,059
ROIC	4.01%	2.60%
ROCE	3.80%	1.96%
EV
Common stock shares outstanding	17,062	17,381
Price	32.38 -31.37%	47.18 -16.30%
Market cap	552,468 -32.63%	820,036 -16.66%
EV	987,223	(197,817)
EBITDA	278,570	134,839
EV/EBITDA	3.54
Interest	171,561	38,475
Interest/NOPBT	62.68%	29.48%