Washington Trust Bancorp
Provides southern New England banking, mortgages, wealth-management, and fiduciary services.
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Profile
Generates banking income from lending, deposits, mortgage banking, and treasury services, while fee-based wealth management adds investment, planning, trust, and custody work across a southern New England footprint.
Operates through Banking and Wealth Management Services. Banking combines relationship-based commercial, residential, and consumer lending; retail and commercial deposits; mortgage banking; treasury management; and digital banking. Wealth Management Services provides investment management, financial planning, personal trust and estate services, and institutional custody and fiduciary services.
Serves southern New England through branches, lending offices, and wealth offices across Rhode Island, Massachusetts, and Connecticut, while wealth relationships extend across multiple states. Local decision-making and personalized advice are paired with the breadth to connect banking, lending, investments, and fiduciary work. Earnings remain shaped by interest rates, deposit costs and funding mix, credit performance, mortgage activity, asset-market levels, and banking regulation.
Company facts
Key statistics
Year to date +36.8% · Average volume (30d) 151.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Jul 28, 2026 | Neuberger Berman | Target | $37 | ||
| Jul 22, 2026 | Seaport Global | Downgrade | Buy | Neutral | |
| Jun 26, 2026 | Piper Sandler | Reiterate | Neutral | $35 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 20, 2026Q2 FY26 | $0.77 | $0.83 | +7.9% | $59.9M | $60.5M | +0.9% | +8.15% |
| Apr 20, 2026Q1 FY26 | $0.77 | $0.66 | −14.3% | $58.2M | $57.8M | −0.7% | −16.90% |
| Jan 28, 2026Q4 FY25 | $0.75 | $0.83 | +10.7% | $56.4M | $59.3M | +5.1% | +12.69% |
| Oct 20, 2025Q3 FY25 | $0.46 | $0.56 | +21.7% | $56.4M | $56.5M | +0.2% | +2.65% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $95.1M | $95.9M | $98.6M | $97.3M | $92.1M | $93.8M | |
| Gross profit | $50.9M | $53.7M | $49.7M | $58.7M | $53.6M | $58.9M | |
| Operating income | $15.7M | $17.1M | $13.9M | $20.7M | $16.1M | $20.3M | |
| Net income | $12.2M | $13.2M | $10.8M | $16.0M | $12.6M | $16.0M | |
| Diluted EPS | $0.63 | $0.68 | $0.56 | $0.83 | $0.66 | $0.83 | |
| Gross margin | 53.5% | 55.9% | 50.4% | 60.3% | 58.2% | 62.7% | |
| Operating margin | 16.5% | 17.9% | 14.1% | 21.2% | 17.4% | 21.6% |
Fiscal years (4-quarter sums)FY24 $310.8M · FY25 $387.0M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $26.4M · Total debt $516.6M · Total assets $6.55B · Shareholders' equity $553.5M
Dividends
Raised for 34 straight years — most recently to $0.56 from $0.54 in Dec 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 1, 2026 | Jul 1 | Jul 10 | $0.56 | |
| Apr 1, 2026 | Apr 1 | Apr 10 | $0.56 | |
| Jan 2, 2026 | Jan 2 | Jan 14 | $0.56 | |
| Oct 1, 2025 | Oct 1 | Oct 10 | $0.56 | |
| Jul 1, 2025 | Jul 1 | Jul 11 | $0.56 | |
| Apr 1, 2025 | Apr 1 | Apr 11 | $0.56 | |
| Jan 2, 2025 | Jan 2 | Jan 15 | $0.56 | |
| Oct 1, 2024 | Oct 1 | Oct 11 | $0.56 |
Ownership
Shares outstanding 19.07M · Float 18.63M · 97.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.24M | 11.73% | 13F | Aug 7, 2026 |
| FMR LLC | 1.00M | 5.25% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 843.8K | 4.43% | 13F | Aug 13, 2026 |
| Franklin Resources Inc | 841.1K | 4.41% | 13F | Aug 13, 2026 |
| State Street Corp | 774.7K | 4.06% | 13F | Aug 7, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Citizens Financial Group
Top Rhode Island deposit rival across consumer, commercial and private banking.
- Bank of America
National-scale Rhode Island bank across deposits, lending, and wealth.
- Banco Santander (ADR)
Major Rhode Island branch-bank rival in deposits, lending, and investments.
- Beacon Financial
Local Rhode Island franchise rival in deposits and business banking.
- Toronto-Dominion Bank
Northeast branch-bank rival across retail, commercial, and wealth banking.
- Webster Financial
Connecticut regional-bank rival in commercial and consumer banking.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Washington Trust Bancorp | $39.47 | +0.05% | $752.5M | 13.7 | 11.5 | 2.0 | +11.4% |
| Citizens Financial Group | $71.05 | +1.96% | $29.48B | 15.2 | 11.9 | 2.6 | +12.1% |
| Bank of America | $62.30 | −0.04% | $442.26B | 14.4 | 12.7 | 2.3 | +19.3% |
| Banco Santander (ADR) | $14.74 | +0.51% | $215.33B | 12.3 | 10.6 | 2.7 | +6.2% |
| Beacon Financial | $31.39 | 0.00% | $2.64B | 23.8 | 9.9 | 2.3 | +92.8% |
| Toronto-Dominion Bank | $120.19 | −0.90% | $204.85B | 18.1 | 15.8 | 2.5 | −22.1% |
| Webster Financial | $77.57 | −0.51% | $12.57B | 12.6 | 11.6 | 2.9 | +3.4% |
| Median | 14.8 | 11.7 | 2.5 | +9.1% |