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 that has elected to be a 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
03/20182.890.43018.60
12/20172.640.39020.17
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

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.39Total Liab/Total Assets0.91
Net Inc/Total Assets0.01Total Liab/Inv Cap1.10
Net Inc/Inv Cap0.01Total Liab/Comm Equity34.58
Pretax Inc/Net Sales0.36Interest Coverage Ratio6.18
Net Inc/Net Sales0.21Curr Debt/Equity1.91
Cash Flow/Net Sales0.28LTD/EquityNA
SG&A/NetSales0.48Total Debt/Equity1.91
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&E7.57  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 56.18 55.11 55.15 53.96
Cost of Goods Sold 4.42 4.14 3.84 3.59
Selling & Admin Exps 26.88 25.51 26.50 26.05
Operating Income NA NA NA NA
Interest Exp 4.17 3.88 3.98 3.66
Pretax Income 20.47 21.15 19.29 19.70
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 16.21 7.98 12.96 13.20

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 928.94 916.94 900.95 928.00
Receivables - Total NA NA NA NA
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 28.32 28.33 28.59 28.51
Total Assets 4,566.33 4,529.85 4,469.23 4,375.53
Liabilities        
Accounts Payable NA NA NA NA
Debt in Current Liabilities 808.68 791.36 814.05 869.73
Total Current Liabilities NA NA NA NA
Long-Term Debt NA NA NA NA
Total Liabilities 4,153.25 4,116.57 4,055.00 3,969.49
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 1.08 1.08 1.08 1.08
Retained Earnings 326.51 317.76 312.33 306.15
Treasury Stock NA NA NA NA
Total Stockholders' Equity 413.08 413.28 414.23 406.04
Total Liabilities and Stockholders' Equity 4,566.33 4,529.85 4,469.23 4,375.53

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 21.54 15.83 21.78 4.90
Net Cash Provided by Investing Activities -39.09 -120.46 -84.55 31.54
Net Cash Provided by Financing Activities 22.64 56.38 74.02 -30.49

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013178.4336.152.16
12/2014180.1340.822.41
12/2015184.0943.462.54
12/2016198.6046.482.70
12/2017214.4045.922.64
Growth Rates4.706.165.14

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/181449,78156.64




Report Date : 7/9/2018

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