WA
Washington Trust Bancorp Inc
WASH—
Washington Trust Bancorp Inc AI Insights
Informational only. Not investment advice.Snapshot
- Net loss of -24.5M TTM with -20.6% net margin vs industry median +25.8% - severely underperforming peers amid rate pressure.[Net Margin TTM]
- Interest expense 175.7M TTM exceeds total revenue 118.8M - cost of funding consuming entire revenue base plus more.[Interest Expense TTM]
- FCF of 74.7M TTM despite net loss - non-cash items masking operating stress but providing liquidity buffer.[Free Cash Flow TTM]
Watch Triggers
- Net Interest Margin: Interest income exceeds interest expense — Currently inverted (-94.8M spread); positive NIM required for any path to profitability.
- Common Stock Dividend Paid: Dividend cut or suspension announced — 10.8M annual payout sustainable via FCF but signals management confidence in recovery.
- Current Debt: Refinancing terms disclosed for 385M maturity — Rate on new debt determines whether margin compression accelerates or stabilizes.
Bull Case
P/B of 1.22x vs tangible book 464.7M suggests limited downside if bank stabilizes; dividend yield ~4% (2.24/share) maintained despite losses.
P/B RatioTangible Book ValueDividends Paid Per Share TTM
FCF 74.7M TTM covers dividend payments (10.8M) 7x over, providing runway to weather rate cycle without cutting payout.
Free Cash Flow TTMCommon Stock Dividend Paid
Bear Case
Negative interest spread: paying 175.7M in interest while earning only 80.9M - structural NIM inversion destroying equity value.
Interest Expense TTMInterest Income
385M current debt maturing with 179M cash; refinancing at elevated rates or asset sales likely, further pressuring margins.
Current DebtCash and EquivalentsLong Term Debt
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
25%
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Forward Thesis
Profitability recovery contingent on rate cycle reversal - NIM compression unsustainable at current levels.
1-3ylow
- Interest expense 175.7M vs interest income 80.9M TTM
- Debt/equity 1.6x with 385M current debt maturing
- 3Y revenue CAGR -0.8% showing structural decline
Net margin -20.6% TTM vs +25.8% industry medianROE -4.7% TTM vs +10% industry medianEPS -1.64 TTM, 3Y growth -19.7%
Valuation Context
Caveats
Public Strategies Rankings
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WASH Fundamentals
Finance and Insurance → Credit Intermediation and Related Activities
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$586.14M | — | ||
$1.26B | — | ||
0.00 | — | ||
$118.83M | -37.0% | — | |
$-1.64 | — | ||
0% | — | ||
-20.6% | -44.9% | — | |
$74.74M | +64.4% | — | |
-0.05 | -14.5% | — | |
Beta 5Y (Monthly) | unknown | — |
WASH Dividend History
104 dividends
2026
$0.560001/02/26$0.5600
2025
$2.240010/01/25$0.5600
07/01/25$0.5600
04/01/25$0.5600
01/02/25$0.5600
2024
$1.680010/01/24$0.5600
07/01/24$0.5600
03/28/24$0.5600
2023
$2.240012/29/23$0.5600
09/29/23$0.5600
06/30/23$0.5600
03/31/23$0.5600
2022
$2.180012/30/22$0.5600
09/30/22$0.5400
06/30/22$0.5400
03/31/22$0.5400
2021
$2.100012/31/21$0.5400
09/30/21$0.5200
06/30/21$0.5200
03/31/21$0.5200
2020
$2.050012/31/20$0.5200
09/30/20$0.5100
06/30/20$0.5100
03/31/20$0.5100
2019
$2.000012/31/19$0.5100
09/30/19$0.5100
06/28/19$0.5100
03/29/19$0.4700
2018
$1.760012/31/18$0.4700
09/28/18$0.4300
06/29/18$0.4300
03/29/18$0.4300
2017
$1.540012/29/17$0.3900
09/29/17$0.3900
06/29/17$0.3800
03/30/17$0.3800
2016
$1.460012/28/16$0.3700
09/29/16$0.3700
06/29/16$0.3600
03/30/16$0.3600
2015
$1.360012/30/15$0.3400
09/29/15$0.3400
06/29/15$0.3400
03/30/15$0.3400
2014
$1.220012/30/14$0.3200
09/29/14$0.3200
06/27/14$0.2900
03/28/14$0.2900
2013
$1.030012/30/13$0.2700
09/26/13$0.2600
06/27/13$0.2500
03/27/13$0.2500
2012
$0.940012/28/12$0.2400
09/27/12$0.2400
06/28/12$0.2300
03/28/12$0.2300
2011
$0.880012/29/11$0.2200
09/28/11$0.2200
06/28/11$0.2200
03/29/11$0.2200
2010
$0.840012/31/10$0.2100
09/28/10$0.2100
06/28/10$0.2100
03/29/10$0.2100
2009
$0.840012/31/09$0.2100
09/28/09$0.2100
06/26/09$0.2100
03/27/09$0.2100
2008
$0.830012/31/08$0.2100
09/26/08$0.2100
06/26/08$0.2100
03/27/08$0.2000
2007
$0.800012/31/07$0.2000
09/27/07$0.2000
06/28/07$0.2000
03/28/07$0.2000
2006
$0.760012/29/06$0.1900
09/28/06$0.1900
06/28/06$0.1900
03/29/06$0.1900
2005
$0.720012/29/05$0.1800
09/28/05$0.1800
06/28/05$0.1800
03/29/05$0.1800
2004
$0.680012/31/04$0.1700
09/29/04$0.1700
06/30/04$0.1700
03/31/04$0.1700
2003
$0.760012/31/03$0.1600
09/30/03$0.1600
06/30/03$0.1500
03/31/03$0.1500
01/02/03$0.1400
2002
$0.550010/01/02$0.1400
07/02/02$0.1400
04/02/02$0.1400
01/03/02$0.1300
2001
$0.510010/02/01$0.1300
07/03/01$0.1300
03/27/01$0.1300
01/04/01$0.1200
2000
$0.360010/05/00$0.1200
07/05/00$0.1200
03/30/00$0.1200
WASH Stock Splits
No stock splits
WASH SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/06/25 | 09/30/25 | 10-Q | |
08/06/25 | 06/30/25 | 10-Q | |
05/07/25 | 03/31/25 | 10-Q | |
02/25/25 | 12/31/24 | Unknown | |
11/07/24 | 09/30/24 | 10-Q | |
08/06/24 | 06/30/24 | 10-Q | |
05/07/24 | 03/31/24 | 10-Q | |
02/26/24 | 12/31/23 | 10-K | |
11/06/23 | 09/30/23 | 10-Q | |
08/03/23 | 06/30/23 | 10-Q | |
05/04/23 | 03/31/23 | 10-Q | |
02/23/23 | 12/31/22 | 10-K | |
11/07/22 | 09/30/22 | 10-Q | |
08/04/22 | 06/30/22 | 10-Q | |
05/05/22 | 03/31/22 | 10-Q | |
02/24/22 | 12/31/21 | 10-K | |
11/08/21 | 09/30/21 | 10-Q | |
08/05/21 | 06/30/21 | 10-Q | |
05/06/21 | 03/31/21 | 10-Q | |
02/25/21 | 12/31/20 | 10-K | |
11/04/20 | 09/30/20 | 10-Q | |
08/06/20 | 06/30/20 | 10-Q | |
05/07/20 | 03/31/20 | 10-Q | |
02/25/20 | 12/31/19 | 10-K | |
11/04/19 | 09/30/19 | 10-Q | |
08/01/19 | 06/30/19 | 10-Q | |
05/02/19 | 03/31/19 | 10-Q | |
02/26/19 | 12/31/18 | 10-K | |
11/05/18 | 09/30/18 | 10-Q | |
08/02/18 | 06/30/18 | 10-Q | |
05/03/18 | 03/31/18 | 10-Q | |
02/27/18 | 12/31/17 | 10-K | |
11/06/17 | 09/30/17 | 10-Q | |
08/04/17 | 06/30/17 | 10-Q | |
05/05/17 | 03/31/17 | 10-Q | |
03/06/17 | 12/31/16 | 10-K | |
11/04/16 | 09/30/16 | 10-Q | |
08/05/16 | 06/30/16 | 10-Q | |
05/06/16 | 03/31/16 | 10-Q | |
03/08/16 | 12/31/15 | 10-K | |
11/05/15 | 09/30/15 | 10-Q | |
08/06/15 | 06/30/15 | 10-Q | |
05/08/15 | 03/31/15 | 10-Q | |
03/12/15 | 12/31/14 | 10-K | |
11/06/14 | 09/30/14 | 10-Q | |
08/07/14 | 06/30/14 | 10-Q | |
05/08/14 | 03/31/14 | 10-Q | |
03/07/14 | 12/31/13 | 10-K | |
11/07/13 | 09/30/13 | 10-Q | |
08/08/13 | 06/30/13 | 10-Q | |
05/08/13 | 03/31/13 | 10-Q | |
03/08/13 | 12/31/12 | 10-K | |
11/07/12 | 09/30/12 | 10-Q | |
08/07/12 | 06/30/12 | 10-Q | |
05/08/12 | 03/31/12 | 10-Q | |
03/07/12 | 12/31/11 | 10-K | |
11/07/11 | 09/30/11 | 10-Q | |
08/09/11 | 06/30/11 | 10-Q | |
05/05/11 | 03/31/11 | 10-Q | |
03/08/11 | 12/31/10 | 10-K | |
11/08/10 | 09/30/10 | 10-Q | |
08/05/10 | 06/30/10 | 10-Q | |
05/06/10 | 03/31/10 | 10-Q | |
03/01/10 | 12/31/09 | 10-K | |
11/05/09 | 09/30/09 | 10-Q | |
08/04/09 | 06/30/09 | 10-Q | |
05/07/09 | 03/30/09 | 10-Q | |
02/27/09 | 12/31/08 | 10-K | |
11/06/08 | 09/30/08 | 8-K | |
06/30/08 | 06/30/08 | Unknown | -- |
05/06/08 | 03/30/08 | Unknown | -- |
02/25/08 | 12/31/07 | 10-K | |
11/09/07 | 09/30/07 | 10-Q | |
08/08/07 | 06/30/07 | 10-Q | |
05/09/07 | 03/30/07 | Unknown | -- |
03/14/07 | 12/31/06 | 10-K | |
11/08/06 | 09/30/06 | 10-Q | |
08/08/06 | 06/30/06 | 10-Q | |
05/09/06 | 03/30/06 | Unknown | -- |
03/15/06 | 12/31/05 | 10-K | |
11/07/05 | 09/30/05 | 10-Q | |
08/05/05 | 06/30/05 | 10-Q | |
05/09/05 | 03/30/05 | Unknown | -- |
03/15/05 | 12/31/04 | 10-K | |
11/08/04 | 09/30/04 | 10-Q | |
08/06/04 | 06/30/04 | 10-Q | |
05/07/04 | 03/30/04 | Unknown | -- |
03/12/04 | 12/31/03 | 10-K | |
11/13/03 | 09/30/03 | 10-Q | |
08/13/03 | 06/30/03 | 10-Q | |
05/14/03 | 03/30/03 | Unknown | -- |
03/20/03 | 12/31/02 | 10-K | |
11/13/02 | 09/30/02 | 10-Q | |
08/14/02 | 06/30/02 | 10-Q | |
05/14/02 | 03/30/02 | Unknown | -- |
03/20/02 | 12/31/01 | 10-K | |
11/13/01 | 09/30/01 | 10-Q | |
08/09/01 | 06/30/01 | 10-Q | |
05/14/01 | 03/30/01 | Unknown | -- |
03/16/01 | 12/31/00 | 10-K | |
11/13/00 | 09/30/00 | 10-Q | |
08/09/00 | 06/30/00 | 10-Q | |
05/15/00 | 03/30/00 | Unknown | -- |