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Last $39.77 USD
Change Today +0.11 / 0.28%
Volume 26.7K
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

washington trust bancorp (WASH) Snapshot

Open
$39.85
Previous Close
$39.66
Day High
$40.10
Day Low
$39.49
52 Week High
07/21/15 - $42.25
52 Week Low
10/8/14 - $32.20
Market Cap
668.6M
Average Volume 10 Days
58.7K
EPS TTM
$2.62
Shares Outstanding
16.8M
EX-Date
06/29/15
P/E TM
15.2x
Dividend
$1.36
Dividend Yield
3.32%
Current Stock Chart for WASHINGTON TRUST BANCORP (WASH)

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washington trust bancorp (WASH) Details

Washington Trust Bancorp, Inc. operates as the holding company for The Washington Trust Company that offers various banking and financial products and services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing checking, noninterest-bearing checking, savings, money market, and retirement deposit accounts; and certificates of deposit, as well as debit cards, ATMs, telephone banking, Internet banking, mobile banking, remote deposit capture, cash management, and merchant credit card processing services. This segment also provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages, and construction and development loans; commercial and industrial loans; residential real estate loans; and consumer loans comprising home equity lines and home equity loans, personal installment loans, and loans to individuals secured by general aviation aircraft and automobiles. The Wealth Management Services segment provides investment management; financial planning; personal trust services, including services as trustee, administrator, custodian, and guardian; and estate settlement, as well as institutional trust services, such as custody and fiduciary services. This segment serves personal and institutional clients, and mutual funds. The company also operates as a licensed broker-dealer that markets investment programs, including mutual funds and variable annuities. As of December 31, 2014, it had 10 branch offices located in southern Rhode Island; 8 branch offices located in the greater Providence area in Rhode Island; and a branch office located in southeastern Connecticut. The company was founded in 1800 and is headquartered in Westerly, Rhode Island.

561 Employees
Last Reported Date: 03/12/15
Founded in 1800

washington trust bancorp (WASH) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: $514.6K
President, Chief Operating Officer, President...
Total Annual Compensation: $385.0K
Vice Chairman, Chief Financial Officer, Secre...
Total Annual Compensation: $299.7K
Executive Vice President of Wealth Management...
Total Annual Compensation: $239.5K
Chief Lending Officer of Washington Trust Com...
Total Annual Compensation: $231.5K
Compensation as of Fiscal Year 2014.

washington trust bancorp (WASH) Key Developments

Washington Trust Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Net Loan Charge-Offs for the Second Quarter of 2015; Provides Effective Tax Rate Guidance for the Full Year of 2015

Washington Trust Bancorp Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest and dividend income of $31,510,000 compared to $29,591,000 a year ago. Net interest income was $26,028,000 compared to $24,468,000 a year ago. Income before income taxes was $16,890,000 compared to $14,384,000 a year ago. Net income was $11,503,000 compared to $9,797,000 a year ago. Diluted earnings per common share were $0.68 compared to $0.58 a year ago. Book value per share was $21.34 compared to $20.56 a year ago. Tangible book value per share - non-GAAP was $17.61 compared to $16.77 a year ago. Return on average assets was 1.27% compared to 1.22% a year ago. Return on average tangible assets - non-GAAP was 1.29% compared to 1.24% a year ago. Return on average equity was 12.88% compared to 11.52% a year ago. Return on average tangible equity - non-GAAP was 15.62% compared to 14.15% a year ago. For the six months, the company reported total interest and dividend income of $62,747,000 compared to $58,881,000 a year ago. Net interest income was $51,730,000 compared to $48,304,000 a year ago. Income before income taxes was $33,081,000 compared to $27,998,000 a year ago. Net income was $22,513,000 compared to $19,095,000 a year ago. Diluted earnings per common share were $1.32 compared to $1.13 a year ago. Return on average assets was 1.25% compared to 1.20% a year ago. Return on average tangible assets - non-GAAP was 1.27% compared to 1.22% a year ago. Return on average equity was 12.71% compared to 11.31% a year ago. Return on average tangible equity - non-GAAP was 15.45% compared to 13.93% a year ago. For the quarter, the company reported net loan charge-offs of $323,000 compared to $224,000 a year ago. The Corporation currently expects that its full-year 2015 effective tax rate will be approximately 32.5%.

Washington Trust Bancorp Inc. to Report Q2, 2015 Results on Jul 20, 2015

Washington Trust Bancorp Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 20, 2015

Washington Trust Bancorp Inc., Q2 2015 Earnings Call, Jul 21, 2015

Washington Trust Bancorp Inc., Q2 2015 Earnings Call, Jul 21, 2015

 

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WASH:US $39.77 USD +0.11

WASH Competitors

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Company Last Change
Bank of America Corp $17.88 USD -0.25
Idaho Independent Bank $7.95 USD +0.02
Sterling Bank PLC 2.05 NGN -0.09
Washington Federal Inc $23.28 USD -0.01
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Industry Analysis

WASH

Industry Average

Valuation WASH Industry Range
Price/Earnings 15.2x
Price/Sales 4.4x
Price/Book 1.9x
Price/Cash Flow 15.1x
TEV/Sales 0.6x
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