WASHNasdaqState Commercial BanksFiscal year ends December 31
WASHINGTON TRUST BANCORP INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$36.59−0.47 (-1.27%)
Close on Oct 19, 2026
- Market cap
- $702.67M
- P/E (TTM)
- 12.7
- Dividend yield
- 6.12%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
22.8%−8.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +127.6% | +1.6% | +0.2% | +3.5% | |
| Net income | – | -10.0% | -5.6% | +1.9% | |
| EPS, diluted | – | -13.0% | -7.5% | +0.6% | |
| Free cash flow | +45.9% | -9.8% | +18.8% | +5.3% | |
| Dividend per share | 0.0% | +0.9% | +1.8% | +5.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 12.1% | 13.5% | 10.0% | |
| Return on assets | 1.1% | 1.3% | 0.8% | |
| Capex to revenue | 1.8% | 1.5% | 0.9% | |
| Diluted shares | 17M | 17M | 19M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Washington Trust Bancorp generated $383.40M from operations and spent $240.69M on capital expenditure, dividends and share buybacks. 9% of that went back into the business.
Generated
$383.40M
Used
$240.69M
Capital expenditure$20.68M9%Dividends$194.35M81%Share buybacks$25.65M11%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin22.8%
×Asset turnover0.03×
×Equity multiplier12.99×
=Return on equity, FY202510.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 22.8% | 0.03× | 12.99× | 10.0% |
| FY2024 | -27.9% | 0.01× | 14.53× | -5.8% |
| FY2023 | 24.9% | 0.03× | 14.96× | 10.4% |
| FY2022 | 32.8% | 0.03× | 12.28× | 14.1% |
| FY2021 | 33.6% | 0.04× | 10.52× | 14.0% |
| FY2020 | 30.8% | 0.04× | 10.61× | 13.5% |
| FY2019 | 34.5% | 0.04× | 10.83× | 14.5% |
| FY2018 | 35.2% | 0.04× | 11.07× | 15.9% |
| FY2017 | 24.9% | 0.04× | 11.08× | 11.4% |
| FY2016 | 26.5% | 0.04× | 10.64× | 12.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$52.24M
- Cash generatingOperating cash flow above zero$80.31M
- Return on assets improvedROA up on the prior year-0.4% → 0.8%
- Earnings backed by cashOperating cash flow above net income$80.31M vs $52.24M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise17M → 19M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.01 → 0.03