Company Information

  

Address: 23 BROAD ST  
City: WESTERLY 
State: RI 
Zip Code: 02891 
Telephone: 401-348-1200 

Description of Business

Primary SIC Code: 6022
(As filed with the SEC)  

Washington Trust Bancorp, Inc. (the "Bancorp"), a publicly-owned registered bank holding company and financial holding company, was organized in 1984 under the laws of the state of Rhode Island. The Bancorp's common stock trades on the NASDAQ Market under the symbol WASH. The Bancorp owns all of the outstanding common stock of The Washington Trust Company, of Westerly (the "Bank"), a Rhode Island chartered commercial bank founded in 1800. The Bancorp was formed in 1984 under a plan of reorganization in which outstanding common shares of the Bank were exchanged for common shares of the Bancorp. See additional information under the caption "Subsidiaries." References in this report to "Washington Trust" or the "Corporation" refer to the Bancorp and its subsidiaries.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20172.900.39019.74
06/20172.860.38018.02
03/20172.760.38017.86
12/20162.700.37020.76
09/20162.610.37015.41
06/20162.500.36015.17
03/20162.560.36014.58
12/20152.540.34015.56

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.40Total Liab/Total Assets0.91
Net Inc/Total Assets0.01Total Liab/Inv Cap1.13
Net Inc/Inv Cap0.01Total Liab/Comm Equity34.34
Pretax Inc/Net Sales0.35Interest Coverage Ratio7.57
Net Inc/Net Sales0.23Curr Debt/Equity2.17
Cash Flow/Net Sales0.30LTD/EquityNA
SG&A/NetSales0.50Total Debt/Equity2.17
Asset Utilization   Liquidity  
Net Receivables TurnoverNAQuick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E6.84  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 55.15 53.96 50.17 52.38
Cost of Goods Sold 3.84 3.59 3.50 3.45
Selling & Admin Exps 26.50 26.05 25.01 24.66
Operating Income NA NA NA NA
Interest Exp 3.98 3.66 3.48 3.02
Pretax Income 19.29 19.70 17.50 18.04
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 12.96 13.20 11.78 12.16

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 900.95 928.00 927.14 906.47
Receivables - Total NA NA NA NA
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 28.59 28.51 28.85 29.02
Total Assets 4,469.23 4,375.53 4,388.76 4,381.12
Liabilities        
Accounts Payable NA NA NA NA
Debt in Current Liabilities 814.05 869.73 798.74 848.93
Total Current Liabilities NA NA NA NA
Long-Term Debt NA NA NA NA
Total Liabilities 4,055.00 3,969.49 3,990.98 3,990.31
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 1.08 1.08 1.08 1.07
Retained Earnings 312.33 306.15 299.56 294.37
Treasury Stock NA NA NA NA
Total Stockholders' Equity 414.23 406.04 397.79 390.80
Total Liabilities and Stockholders' Equity 4,469.23 4,375.53 4,388.76 4,381.12

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 21.78 4.90 16.88 29.96
Net Cash Provided by Investing Activities -84.55 31.54 -6.23 -250.39
Net Cash Provided by Financing Activities 74.02 -30.49 -4.47 199.06

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012186.2835.072.13
12/2013178.4336.152.16
12/2014180.1340.822.41
12/2015184.0943.462.54
12/2016198.6046.482.70
Growth Rates1.617.296.11

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1713010,32159.94




Report Date : 12/11/2017

Powered By Edgar Online © 2017EDGAR®Online, a division of Donnelley Financial Solutions. EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.