Washington Trust Bancorp (WASH)

Company Profile

founded in 1800, washington trust is the oldest community bank in the nation 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. the washington trust company is a subsidiary of washington trust bancorp, inc., (nasdaq: wash). additional information on washington trust and its subsidiaries can be found at https://www.washtrust.com/. member fdic.

Company profile

Ticker

WASH

Exchange

NASDAQ

Website

www.washtrust.com/

CEO

Edward Handy

Incorporated

Rhode Island

Location

Rhode Island

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Fifth Third Bancorp • Citizens Financial • Northern Trust • M & T Bank • Ally Financial • Associated Banc-Corp. • SVB Financial • Commerce Bancshares ...

SEC CIK

0000737468

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

The Washington Trust Company ...

IRS number

50404671

WASH stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

6 Nov 23

Washington Trust Reports Third Quarter 2023 Earnings

23 Oct 23

EFFECT

Notice of effectiveness

2 Oct 23

CORRESP

Correspondence with SEC

29 Sep 23

8-K

The Washington Trust Company Announces Settlement with Department of Justice

27 Sep 23

CORRESP

Correspondence with SEC

3 Aug 23

Washington Trust Reports Second Quarter 2023 Earnings

24 Jul 23

Transcripts

View all

WASH

Earnings call transcript

2023 Q3

24 Oct 23

WASH

Earnings call transcript

2023 Q2

25 Jul 23

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

Latest ownership filings

View all

Financial summary

Financial statements Chart WASH financial data

Quarter (USD)	Sep 23	Jun 23	Mar 23	Dec 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
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)	113.01 mm	113.01 mm	113.01 mm	113.01 mm	113.01 mm	113.01 mm
Cash burn (monthly)	5.10 mm	1.65 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	11.02 mm	3.57 mm	n/a	n/a	n/a	n/a
Cash remaining	101.99 mm	109.44 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	20.0	66.2	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2023

WASH institutional ownership history Ownership history

70.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	126	128	-1.6%
Opened positions	10	20	-50.0%
Closed positions	12	28	-57.1%
Increased positions	41	53	-22.6%
Reduced positions	50	37	+35.1%

13F shares	Current	Prev Q	Change
Total value	289.37 bn	298.46 bn	-3.0%
Total shares	12.04 mm	12.57 mm	-4.2%
Total puts	3.40 k	13.40 k	-74.6%
Total calls	3.30 k	4.50 k	-26.7%
Total put/call ratio	1.0	3.0	-65.4%

Largest owners	Shares	Value	Change
BLK Blackrock	2.30 mm	$60.65 bn	+2.4%
FMR	1.31 mm	$34.61 bn	+0.4%
Vanguard	944.10 k	$24.86 bn	-7.8%
Franklin Mutual Advisers	940.28 k	$0.00	0.0%
Dimensional Fund Advisors	705.78 k	$18.58 bn	-2.1%
WASHINGTON TRUST	637.43 k	$16.78 bn	-7.9%
STT State Street	554.28 k	$14.90 bn	-10.3%
Geode Capital Management	369.46 k	$9.73 bn	+7.0%
Third Avenue Management	294.99 k	$8.05 bn	+44.5%
Hotchkis & Wiley Capital Management	292.77 k	$7.71 bn	+46.0%

Largest transactions	Shares	Bought/sold	Change
EP Wealth Advisors	0.00	-308.22 k	EXIT
BMO Bank of Montreal	8.95 k	-181.94 k	-95.3%
Aqr Capital Management	156.20 k	+156.20 k	NEW
Crestwood Advisors	95.40 k	+95.40 k	NEW
Endurance Wealth Management	0.00	-95.40 k	EXIT
Millennium Management	56.45 k	-94.64 k	-62.6%
Hotchkis & Wiley Capital Management	292.77 k	+92.30 k	+46.0%
Third Avenue Management	294.99 k	+90.84 k	+44.5%
Citadel Advisors	111.22 k	-89.91 k	-44.7%
Vanguard	944.10 k	-79.73 k	-7.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

WASH insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
25 Oct 23	Gim Mark K W	Common Stock	Payment of exercise	Dispose F	No	No	22.65	940	21.29 k	35,502.872
25 Oct 23	Gim Mark K W	Common Stock	Grant	Acquire A	No	No	0	3,363	0.00	36,442.872
11 Sep 23	Noons Mary E.	Common Stock	Sell	Dispose S	No	No	26.94	0.781	21.04	14,761
9 Aug 23	Joseph P. Gencarella	Common Stock	Other	Acquire J	Yes	No	0	86.555	0.00	346.219
14 Jul 23	Handy Edward O. III	Common Stock	By will or laws of descent	Acquire W	No	No	0	250	0.00	7,151
25 Apr 23	Bowen John J	Common Stock	Grant	Acquire A	No	No	0	1,230	0.00	13,140