Washington Trust Ban (WASH) Revenue & Revenue Breakdown
Washington Trust Ban Revenue Highlights
Latest Revenue (Y)
$363.41M
Latest Revenue (Q)
$102.61M
Main Segment (Y)
Total noninterest income in scope of Topic 606
Washington Trust Ban Revenue by Period
Washington Trust Ban Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $363.41M | 66.25% |
| 2022-12-31 | $218.59M | -4.47% |
| 2021-12-31 | $228.83M | 0.86% |
| 2020-12-31 | $226.89M | 13.16% |
| 2019-12-31 | $200.49M | 3.13% |
| 2018-12-31 | $194.40M | 5.46% |
| 2017-12-31 | $184.34M | 4.76% |
| 2016-12-31 | $175.96M | 8.21% |
| 2015-12-31 | $162.62M | 7.35% |
| 2014-12-31 | $151.48M | 4.26% |
| 2013-12-31 | $145.29M | -1.24% |
| 2012-12-31 | $147.12M | 6.51% |
| 2011-12-31 | $138.12M | 9.62% |
| 2010-12-31 | $126.00M | 13.26% |
| 2009-12-31 | $111.25M | 4.33% |
| 2008-12-31 | $106.63M | 1.11% |
| 2007-12-31 | $105.45M | 1.73% |
| 2006-12-31 | $103.66M | 13.16% |
| 2005-12-31 | $91.60M | 12.61% |
| 2004-12-31 | $81.35M | 7.69% |
| 2003-12-31 | $75.53M | 11.84% |
| 2002-12-31 | $67.54M | 10.99% |
| 2001-12-31 | $60.85M | 5.68% |
| 2000-12-31 | $57.58M | 12.90% |
| 1999-12-31 | $51.00M | 19.72% |
| 1998-12-31 | $42.60M | 10.65% |
| 1997-12-31 | $38.50M | 11.92% |
| 1996-12-31 | $34.40M | 5.85% |
| 1995-12-31 | $32.50M | 8.33% |
| 1994-12-31 | $30.00M | 10.70% |
| 1993-12-31 | $27.10M | - |
Washington Trust Ban generated $363.41M in revenue during NA 2023, up 66.25% compared to the previous quarter, and up 186.93% compared to the same period a year ago.
Washington Trust Ban Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $102.61M | 0.78% |
| 2024-03-31 | $101.81M | 4.81% |
| 2023-12-31 | $97.14M | 98.34% |
| 2023-09-30 | $48.98M | 2.41% |
| 2023-06-30 | $47.83M | -5.25% |
| 2023-03-31 | $50.48M | -8.44% |
| 2022-12-31 | $55.13M | -4.69% |
| 2022-09-30 | $57.84M | 8.39% |
| 2022-06-30 | $53.37M | 2.14% |
| 2022-03-31 | $52.25M | -9.99% |
| 2021-12-31 | $58.05M | 2.57% |
| 2021-09-30 | $56.59M | 2.25% |
| 2021-06-30 | $55.35M | -5.94% |
| 2021-03-31 | $58.84M | -1.88% |
| 2020-12-31 | $59.97M | 4.99% |
| 2020-09-30 | $57.12M | -0.25% |
| 2020-06-30 | $57.27M | 9.02% |
| 2020-03-31 | $52.53M | 8.06% |
| 2019-12-31 | $48.61M | -5.28% |
| 2019-09-30 | $51.32M | 1.40% |
| 2019-06-30 | $50.61M | 1.32% |
| 2019-03-31 | $49.95M | 1.86% |
| 2018-12-31 | $49.04M | 0.77% |
| 2018-09-30 | $48.66M | -0.90% |
| 2018-06-30 | $49.10M | 3.17% |
| 2018-03-31 | $47.59M | 1.05% |
| 2017-12-31 | $47.10M | -0.70% |
| 2017-09-30 | $47.43M | 1.35% |
| 2017-06-30 | $46.80M | 8.14% |
| 2017-03-31 | $43.28M | -5.91% |
| 2016-12-31 | $46.00M | 2.84% |
| 2016-09-30 | $44.73M | 4.56% |
| 2016-06-30 | $42.78M | 0.76% |
| 2016-03-31 | $42.46M | 2.38% |
| 2015-12-31 | $41.47M | 3.73% |
| 2015-09-30 | $39.98M | -3.33% |
| 2015-06-30 | $41.36M | 3.89% |
| 2015-03-31 | $39.81M | -0.56% |
| 2014-12-31 | $40.03M | 5.00% |
| 2014-09-30 | $38.13M | 1.97% |
| 2014-06-30 | $37.39M | 4.05% |
| 2014-03-31 | $35.93M | -2.21% |
| 2013-12-31 | $36.75M | -3.23% |
| 2013-09-30 | $37.97M | 3.61% |
| 2013-06-30 | $36.65M | 8.04% |
| 2013-03-31 | $33.92M | 4.77% |
| 2012-12-31 | $32.38M | -18.30% |
| 2012-09-30 | $39.63M | 3.04% |
| 2012-06-30 | $38.46M | 4.33% |
| 2012-03-31 | $36.86M | 0.66% |
| 2011-12-31 | $36.62M | 5.21% |
| 2011-09-30 | $34.81M | 0.91% |
| 2011-06-30 | $34.49M | 7.12% |
| 2011-03-31 | $32.20M | -5.52% |
| 2010-12-31 | $34.08M | 1.62% |
| 2010-09-30 | $33.54M | 10.53% |
| 2010-06-30 | $30.35M | 6.67% |
| 2010-03-31 | $28.45M | -0.51% |
| 2009-12-31 | $28.59M | 1.29% |
| 2009-09-30 | $28.23M | -1.17% |
| 2009-06-30 | $28.56M | 10.46% |
| 2009-03-31 | $25.86M | 6.35% |
| 2008-12-31 | $24.31M | -10.73% |
| 2008-09-30 | $27.23M | -3.99% |
| 2008-06-30 | $28.37M | - |
Washington Trust Ban generated $102.61M in revenue during Q2 2024, up 0.78% compared to the previous quarter, and up 203.28% compared to the same period a year ago.
Washington Trust Ban Revenue Breakdown
Washington Trust Ban Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| 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 | $45.15M | $45.93M |
| Total revenues in scope of Topic 606 | $44.49M | $48.15M | $51.11M | $45.15M | $45.93M |
| 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 | $34.36M | $35.81M |
| Transaction-based Wealth Management Revenues | - | - | $1.07M | $1.09M | $1.04M |
Washington Trust Ban's latest annual revenue breakdown by segment (product or service), as of Dec 23: Total noninterest income in scope of Topic 606 (33.33%), Total revenues in scope of Topic 606 (33.33%), Investment Advisory, Management and Administrative Service (26.63%), Card Interchange Fees (3.69%), Deposit Account (2.10%), and Other Noninterest Income (0.92%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deposit Account | $685.00K | $2.13M | $674.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total revenues in scope of Topic 606 | $13.54M | $11.10M | $11.22M | $11.33M | $10.85M | $11.15M | $11.95M | $12.41M | $12.65M | $12.87M | $12.70M | $12.66M | $12.88M | $12.76M | $11.20M | $10.44M | $10.74M | $11.20M | $11.51M |
| Net Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Loan Related Derivative Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investment Advisory, Management and Administrative Service | $9.34M | $26.59M | $8.95M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Income From Bank-owned Life Insurance | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Mortgage Banking | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Card Interchange Fees | $1.15M | $3.65M | $1.27M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Noninterest Income | $2.37M | $897.00K | $329.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total noninterest income in scope of Topic 606 | $13.54M | $11.10M | $11.22M | $11.33M | $10.85M | $11.15M | $11.95M | $12.41M | $12.65M | $12.87M | $12.70M | $12.66M | $12.88M | $12.76M | $11.20M | $10.44M | $10.74M | $11.20M | $11.51M |
| Asset-based Wealth Management Revenues | - | - | - | - | - | - | $9.30M | $9.64M | $10.21M | $10.42M | $10.22M | $9.99M | $9.58M | $9.07M | $8.79M | $8.16M | $8.36M | $8.73M | $9.01M |
| Transaction-based Wealth Management Revenues | - | - | - | - | - | - | $223.00K | $425.00K | $320.00K | $87.00K | $231.00K | $437.00K | $312.00K | $140.00K | $168.00K | $449.00K | $334.00K | $163.00K | $140.00K |
| Net Realized Gain (Loss) on Securities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Washington Trust Ban's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Total revenues in scope of Topic 606 (33.33%), Total noninterest income in scope of Topic 606 (33.33%), Investment Advisory, Management and Administrative Service (22.99%), Other Noninterest Income (5.84%), Card Interchange Fees (2.82%), and Deposit Account (1.69%).
Washington Trust Ban Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| INDB | Independent Bank | $795.73M | $243.72M |
| BRKL | Brookline Bancorp | $609.22M | $161.75M |
| NBHC | National Bank | $559.33M | $146.48M |
| EBC | Eastern Bankshares | $557.17M | $232.31M |
| FBNC | First Bancorp | $546.25M | $143.42M |
| STBA | S&T Bancorp | $535.52M | $142.07M |
| UVSP | Univest Financial | $441.18M | $120.81M |
| RBCAA | Republic Bancorp | $427.52M | $116.05M |
| BFST | Business First Bancshares | $386.89M | $111.69M |
| CNOB | ConnectOne Bancorp | $373.75M | $134.41M |
| WASH | Washington Trust Ban | $363.41M | $102.61M |
| CPF | Central Pacific Financial | $329.32M | $75.84M |
| HONE | HarborOne Bancorp | $277.04M | $78.56M |
| MPB | Mid Penn Bancorp | $236.34M | $76.53M |
| CATC | Cambridge Bancorp | $218.53M | $66.82M |
| WSBF | Waterstone Financial | $180.39M | $54.52M |
| HBCP | Home Bancorp | $178.87M | $49.13M |
| PKBK | Parke Bancorp | $118.56M | $31.15M |
| BFIN | BankFinancial | $71.17M | $17.66M |
| RBKB | Rhinebeck Bancorp | $66.39M | $17.29M |
| GSBC | Great Southern Bancorp | $46.29M | $84.15M |
| WMPN | William Penn Ban | $34.97M | $8.74M |
| HTBK | Heritage Commerce | $9.00K | $61.25M |
| CFFN | Capitol Federal Financial | $-184.80M | $99.70M |
WASH Revenue FAQ
What is Washington Trust Ban’s yearly revenue?
Washington Trust Ban's yearly revenue for 2023 was $363.41M, representing an increase of 66.25% compared to 2022. The company's yearly revenue for 2022 was $218.59M, representing a decrease of -4.47% compared to 2021. WASH's yearly revenue for 2021 was $228.83M, representing an increase of 0.86% compared to 2020.
What is Washington Trust Ban’s quarterly revenue?
Washington Trust Ban's quarterly revenue for Q2 2024 was $102.61M, a 0.78% increase from the previous quarter (Q1 2024), and a 114.55% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $101.81M, a 4.81% increase from the previous quarter (Q4 2023), and a 101.70% increase year-over-year (Q1 2023). WASH's quarterly revenue for Q4 2023 was $97.14M, a 98.34% increase from the previous quarter (Q3 2023), and a 76.20% increase year-over-year (Q4 2022).
What is Washington Trust Ban’s revenue growth rate?
Washington Trust Ban's revenue growth rate for the last 3 years (2021-2023) was 58.81%, and for the last 5 years (2019-2023) was 81.26%.
What are Washington Trust Ban’s revenue streams?
Washington Trust Ban's revenue streams in c 23 are Investment Advisory, Management and Administrative Service, Other Noninterest Income, Total noninterest income in scope of Topic 606, Total revenues in scope of Topic 606, Card Interchange Fees, and Deposit Account. Investment Advisory, Management and Administrative Service generated $35.54M in revenue, accounting 26.63% of the company's total revenue Other Noninterest Income generated $1.23M in revenue, accounting 0.92% of the company's total revenue Total noninterest income in scope of Topic 606 generated $44.49M in revenue, accounting 33.33% of the company's total revenue, down -7.60% year-over-year. Total revenues in scope of Topic 606 generated $44.49M in revenue, accounting 33.33% of the company's total revenue, down -7.60% year-over-year. Card Interchange Fees generated $4.92M in revenue, accounting 3.69% of the company's total revenue Deposit Account generated $2.81M in revenue, accounting 2.10% of the company's total revenue
What is Washington Trust Ban’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Washington Trust Ban was Total noninterest income in scope of Topic 606. This segment made a revenue of $44.49M, representing 33.33% of the company's total revenue.