Washington Trust Bancorp, Inc., the parent of The Washington Trust Company, had $5.7 billion in assets as of December 31, 2020. Founded in 1800, Washington Trust is the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast's premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts.
Company profile
Ticker
WASH
Exchange
Website
CEO
Edward Handy
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
The Washington Trust Company ...
IRS number
50404671
WASH stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-Q
2023 Q1
Quarterly report
4 May 23
8-K
Departure of Directors or Certain Officers
27 Apr 23
8-K
Washington Trust Reports First Quarter 2023 Earnings
24 Apr 23
DEFA14A
Additional proxy soliciting materials
14 Mar 23
DEF 14A
Definitive proxy
14 Mar 23
10-K
2022 FY
Annual report
23 Feb 23
8-K
Departure of Directors or Certain Officers
10 Feb 23
8-K
Washington Trust Reports Fourth Quarter and Full-Year 2022 Earnings
25 Jan 23
8-K
Washington Trust Bancorp, Inc. Announces Mark K.W. Gim’s 2023 Retirement
15 Dec 22
8-K
Washington Trust Bancorp, Inc. Announces 2023 Stock Repurchase Program
12 Dec 22
Transcripts
WASH
Earnings call transcript
2023 Q1
24 Apr 23
WASH
Earnings call transcript
2022 Q4
26 Jan 23
WASH
Earnings call transcript
2022 Q3
25 Oct 22
WASH
Earnings call transcript
2022 Q2
26 Jul 22
WASH
Earnings call transcript
2022 Q1
25 Apr 22
WASH
Earnings call transcript
2021 Q4
27 Jan 22
WASH
Earnings call transcript
2021 Q3
26 Oct 21
WASH
Earnings call transcript
2021 Q2
22 Jul 21
WASH
Earnings call transcript
2021 Q1
22 Apr 21
WASH
Earnings call transcript
2020 Q4
28 Jan 21
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 138.28 mm | 138.28 mm | 138.28 mm | 138.28 mm | 138.28 mm | 138.28 mm |
| Cash burn (monthly) | (no burn) | 7.48 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 16.71 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 121.57 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 16.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
73.3% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 135 |
| Opened positions | 21 |
| Closed positions | 27 |
| Increased positions | 62 |
| Reduced positions | 34 |
| 13F shares | Current |
|---|---|
| Total value | 390.98 bn |
| Total shares | 12.48 mm |
| Total puts | 27.40 k |
| Total calls | 15.30 k |
| Total put/call ratio | 1.8 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 1.97 mm | $68.23 bn |
| FMR | 1.27 mm | $43.91 bn |
| Vanguard | 1.03 mm | $35.65 bn |
| Franklin Mutual Advisers | 940.28 k | $0.00 |
| Dimensional Fund Advisors | 832.01 k | $28.84 bn |
| WASHINGTON TRUST | 688.85 k | $23.88 bn |
| STT State Street | 517.43 k | $18.22 bn |
| PFG Principal Financial Group Inc - Registered Shares | 400.17 k | $13.87 bn |
| JPM JPMorgan Chase & Co. | 349.38 k | $12.11 bn |
| Boston Trust Walden | 344.92 k | $11.96 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 25 Apr 23 | Bowen John J | Common Stock | Grant | Acquire A | No | No | 0 | 1,230 | 0.00 | 13,140 |
| 25 Apr 23 | Crandall Steven J | Common Stock | Grant | Acquire A | No | No | 0 | 1,230 | 0.00 | 3,300 |
| 25 Apr 23 | DiMuccio Robert A | Common Stock | Grant | Acquire A | No | No | 0 | 1,230 | 0.00 | 15,203.704 |
| 25 Apr 23 | Ruggieri John T | Common Stock | Grant | Acquire A | No | No | 0 | 1,230 | 0.00 | 4,511.595 |
| 25 Apr 23 | Joseph P. Gencarella | Common Stock | Grant | Acquire A | No | No | 0 | 1,230 | 0.00 | 1,860 |
News
Press releases
Washington Trust Announces Enhanced RI Community Lending Program
6 Jun 23
Washington Trust provides $1.527 million in financing to 140 Corporate Drive Investors, LLC
5 Jun 23
Newsweek Selects Washington Trust as "America's Best Small Bank 2023" in Rhode Island for Second Straight Year
23 May 23
Washington Trust provides $3.9 million in financing to BPVIF V Holdings 37, LLC
16 May 23
Washington Trust provides $2.2 million in financing to BHD 12-14 Realty, LLC
1 May 23