Washington Trust Ban Stock (NASDAQ:WASH)
Previous Close
$33.64
52W Range
$21.69 - $34.27
50D Avg
$31.32
200D Avg
$28.23
Market Cap
$574.87M
Avg Vol (3M)
$88.60K
Beta
0.81
Div Yield
$2.24 (6.65%)
WASH Company Profile
Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans that consist of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. This segment also offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits, as well as debit card, automated teller machine, telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services. The Wealth Management Services segment provides investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services comprising custody and fiduciary services. This segment serves personal and institutional clients. The company also operates as a licensed broker-dealer; and offers variable annuities and college savings plans. As of December 31, 2021, it had 10 branch offices located in southern Rhode Island, 13 branch offices located in the greater Providence area in Rhode Island, and 1 branch office located in southeastern Connecticut. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.
WASH Performance
Revenue Breakdown
Revenue Breakdown by Product/Service
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Income From Bank-owned Life Insurance | - | - | - |
| Investment Advisory, Management and Administrative Service | $35.54M | - | - |
| Other Noninterest Income | $1.23M | - | - |
| Total noninterest income in scope of Topic 606 | $44.49M | $48.15M | $51.11M |
| Total revenues in scope of Topic 606 | $44.49M | $48.15M | $51.11M |
| Card Interchange Fees | $4.92M | - | - |
| Deposit Account | $2.81M | - | - |
| Loan Related Derivative Income | - | - | - |
| Mortgage Banking | - | - | - |
| Net Interest Income | - | - | - |
| Net Realized Gain (Loss) on Securities | - | - | - |
| Asset-based Wealth Management Revenues | - | - | $40.22M |
| Transaction-based Wealth Management Revenues | - | - | $1.07M |
Fiscal year ends in Dec 23 | Currency in USD
Peer Comparison
| Ticker | Company |
|---|---|
| HBCP | Home Bancorp, Inc. |
| INDB | Independent Bank Corp. |
| UVSP | Univest Financial Corporation |
| GSBC | Great Southern Bancorp, Inc. |
| CPF | Central Pacific Financial Corp. |
| WMPN | William Penn Bancorporation |
| STBA | S&T Bancorp, Inc. |
| PKBK | Parke Bancorp, Inc. |
| WSBF | Waterstone Financial, Inc. |
| HONE | HarborOne Bancorp, Inc. |
| BFST | Business First Bancshares, Inc. |
| FBNC | First Bancorp |
| CATC | Cambridge Bancorp |
| MPB | Mid Penn Bancorp, Inc. |
| HTBK | Heritage Commerce Corp |
| CFFN | Capitol Federal Financial, Inc. |
| EBC | Eastern Bankshares, Inc. |
| RBCAA | Republic Bancorp, Inc. |
| CNOB | ConnectOne Bancorp, Inc. |
| RBKB | Rhinebeck Bancorp, Inc. |
| BFIN | BankFinancial Corporation |
| NBHC | National Bank Holdings Corporation |
| BRKL | Brookline Bancorp, Inc. |