Washington Trust Ban (WASH) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

Washington Trust Ban Revenue Highlights

Latest Revenue (Y)

$363.41M

Latest Revenue (Q)

$103.73M

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
2024-09-30	$103.73M	1.10%
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 $103.73M in revenue during Q3 2024, up 1.10% compared to the previous quarter, and up 216.90% 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
Investment Advisory, Management and Administrative Service	$35.54M	-	-	-	-
Loan Related Derivative Income	-	-	-	-	-
Mortgage Banking	-	-	-	-	-
Net Interest Income	-	-	-	-	-
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	-	-	-	-
Income From Bank-owned Life Insurance	-	-	-	-	-
Net Realized Gain (Loss) on Securities	-	-	-	-	-
Transaction-based Wealth Management Revenues	-	-	$1.07M	$1.09M	$1.04M
Asset-based Wealth Management Revenues	-	-	$40.22M	$34.36M	$35.81M

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	Sep 24	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	$784.00K	$685.00K	$2.13M	$674.00K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Card Interchange Fees	$1.32M	$1.15M	$3.65M	$1.27M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues in scope of Topic 606	$12.41M	$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
Total noninterest income in scope of Topic 606	$12.41M	$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
Other Noninterest Income	$313.00K	$2.37M	$897.00K	$329.00K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment Advisory, Management and Administrative Service	$9.99M	$9.34M	$26.59M	$8.95M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan Related Derivative Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income From Bank-owned Life Insurance	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage Banking	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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 Sep 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 (26.84%), Card Interchange Fees (3.55%), Deposit Account (2.11%), and Other Noninterest Income (0.84%).

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	$159.56M
NBHC	National Bank	$559.33M	$106.33M
EBC	Eastern Bankshares	$557.17M	$298.98M
FBNC	First Bancorp	$546.25M	$145.66M
STBA	S&T Bancorp	$535.52M	$143.35M
UVSP	Univest Financial	$441.18M	$126.59M
RBCAA	Republic Bancorp	$427.52M	$118.36M
BFST	Business First Bancshares	$386.89M	$81.86M
CFFN	Capitol Federal Financial	$376.84M	$99.70M
CNOB	ConnectOne Bancorp	$373.75M	$134.98M
WASH	Washington Trust Ban	$363.41M	$103.73M
CPF	Central Pacific Financial	$329.32M	$77.90M
HONE	HarborOne Bancorp	$277.04M	$77.21M
MPB	Mid Penn Bancorp	$236.34M	$73.84M
WSBF	Waterstone Financial	$180.39M	$51.74M
HBCP	Home Bancorp	$178.87M	$51.02M
PKBK	Parke Bancorp	$118.56M	$32.84M
BFIN	BankFinancial	$71.17M	$16.89M
RBKB	Rhinebeck Bancorp	$66.39M	$6.01M
GSBC	Great Southern Bancorp	$46.29M	$91.36M
WMPN	William Penn Ban	$34.97M	$8.82M
HTBK	Heritage Commerce	$9.00K	$2.24K

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 Q3 2024 was $103.73M, a 1.10% increase from the previous quarter (Q2 2024), and a 111.80% increase year-over-year (Q3 2023). The company'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). WASH'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).

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.