Washington Trust Bancorp (WASH) Financial Statements & Analysis

Washington Trust Bancorp (WASH) Income Statement

Washington Trust Bancorp reported revenue of $381.08M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 290.6% from $97.56M a year earlier. Net income was $52.24M, a net margin of 13.7%. Gross margin was 54.3% and operating margin 17.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $58.87M, down 38.6% from the same quarter a year earlier.

Washington Trust Bancorp Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Washington Trust Bancorp, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	381.08	97.56	193.24	257.07	228.83	269.38	264.74	238.52	214.40
Cost of Revenue	174.10	214.63	174.76	37.18	11.74	54.83	65.82	45.67	32.66
Gross Profit	206.98	96.15	190.04	219.89	233.65	214.54	198.92	192.85	181.74
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	5.78	94.40	89.69	88.08	90.73	86.19	74.91	72.30	71.62
Operating Expenses	139.56	134.97	133.56	128.72	135.46	125.38	110.74	106.16	104.10
Operating Income	67.41	-38.82	56.48	91.17	98.19	89.16	88.18	86.69	77.64
Other Income/Expense
Interest Income	318.09	340.68	308.66	193.92	158.00	169.94	197.66	176.41	149.59
Interest Expense	164.90	212.23	171.56	38.48	16.56	42.49	64.25	44.12	30.06
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	67.41	-38.82	56.48	91.17	98.19	89.16	88.18	86.69	77.64
Income Tax Expense	15.17	-10.76	8.31	19.49	21.32	19.33	19.06	18.26	31.72
Net Income	52.24	-28.06	48.18	71.68	76.87	69.83	69.12	68.43	45.93
Net Income - Continuous Operations	52.24	-28.06	48.18	71.68	76.87	69.83	69.12	68.43	45.93
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	71.63	4.76	4.85	95.50	102.49	93.25	92.41	90.95	82.13
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	4.22	0.83	0.84	4.33	0.89	4.09	4.24	4.26	4.49
Earnings Per Share
Basic EPS	3.00	-2.00	3.00	4.00	4.00	4.00	4.00	4.00	3.00
Diluted EPS	3.00	-2.00	3.00	4.00	4.00	4.00	4.00	4.00	3.00
Basic Shares Outstanding	19.18	17.15	17.03	17.25	17.31	17.28	17.33	17.27	17.21
Diluted Shares Outstanding	19.28	17.22	17.06	17.38	17.46	17.40	17.41	17.39	17.34

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Washington Trust Bancorp Financial Statements

What was Washington Trust Bancorp's revenue in fiscal 2025?

Washington Trust Bancorp reported revenue of $381.08M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 290.6% from $97.56M a year earlier.

Is Washington Trust Bancorp profitable?

Yes. Washington Trust Bancorp earned net income of $52.24M in fiscal 2025, a net margin of 13.7%. In fiscal 2024 it lost $28.06M.

What is Washington Trust Bancorp's operating margin?

Washington Trust Bancorp's operating income was $67.41M on revenue of $381.08M in fiscal 2025, an operating margin of 17.7%, compared with -39.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition