founded in 1800, washington trust is the oldest community bank in the nation and one of the northeast’s premier financial services companies. washington trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in rhode island, connecticut and massachusetts. the washington trust company is a subsidiary of washington trust bancorp, inc., (nasdaq: wash). additional information on washington trust and its subsidiaries can be found at https://www.washtrust.com/. member fdic.
Company profile
Ticker
WASH
Exchange
Website
CEO
Edward Handy
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
The Washington Trust Company ...
IRS number
50404671
WASH stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
12 Mar 24
DEF 14A
Definitive proxy
12 Mar 24
10-K
2023 FY
Annual report
26 Feb 24
8-K
Departure of Directors or Certain Officers
12 Feb 24
8-K
Departure of Directors or Certain Officers
30 Jan 24
8-K
Washington Trust Reports Fourth Quarter and Full-Year 2023 Earnings
24 Jan 24
8-K
Other Events
28 Dec 23
10-Q
2023 Q3
Quarterly report
6 Nov 23
8-K
Washington Trust Reports Third Quarter 2023 Earnings
23 Oct 23
EFFECT
Notice of effectiveness
2 Oct 23
Transcripts
WASH
Earnings call transcript
2023 Q4
25 Jan 24
WASH
Earnings call transcript
2023 Q3
24 Oct 23
WASH
Earnings call transcript
2023 Q2
25 Jul 23
WASH
Earnings call transcript
2023 Q1
24 Apr 23
WASH
Earnings call transcript
2022 Q4
26 Jan 23
WASH
Earnings call transcript
2022 Q3
25 Oct 22
WASH
Earnings call transcript
2022 Q2
26 Jul 22
WASH
Earnings call transcript
2022 Q1
25 Apr 22
WASH
Earnings call transcript
2021 Q4
27 Jan 22
WASH
Earnings call transcript
2021 Q3
26 Oct 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 113.01 mm | 113.01 mm | 113.01 mm | 113.01 mm | 113.01 mm | 113.01 mm |
Cash burn (monthly) | 5.10 mm | 1.65 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 34.07 mm | 11.04 mm | n/a | n/a | n/a | n/a |
Cash remaining | 78.94 mm | 101.97 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 15.5 | 61.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
70.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 126 |
Opened positions | 10 |
Closed positions | 12 |
Increased positions | 41 |
Reduced positions | 50 |
13F shares | Current |
---|---|
Total value | 289.37 bn |
Total shares | 12.04 mm |
Total puts | 3.40 k |
Total calls | 3.30 k |
Total put/call ratio | 1.0 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 2.30 mm | $60.65 bn |
FMR | 1.31 mm | $34.61 bn |
Vanguard | 944.10 k | $24.86 bn |
Franklin Mutual Advisers | 940.28 k | $0.00 |
Dimensional Fund Advisors | 705.78 k | $18.58 bn |
WASHINGTON TRUST | 637.43 k | $16.78 bn |
STT State Street | 554.28 k | $14.90 bn |
Geode Capital Management | 369.46 k | $9.73 bn |
Third Avenue Management | 294.99 k | $8.05 bn |
Hotchkis & Wiley Capital Management | 292.77 k | $7.71 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
19 Mar 24 | Gormley Debra A. | Common Stock | Grant | Acquire A | No | No | 0 | 3,100 | 0.00 | 15,914.565 |
19 Mar 24 | Janes Maria N | Common Stock | Grant | Acquire A | No | No | 0 | 2,210 | 0.00 | 11,905 |
19 Mar 24 | Dennis L Algiere | Common Stock | Grant | Acquire A | No | No | 0 | 2,210 | 0.00 | 13,468 |
19 Mar 24 | Rolando A Lora | Common Stock | Grant | Acquire A | No | No | 0 | 3,100 | 0.00 | 6,016 |
19 Mar 24 | Noons Mary E. | Common Stock | Grant | Acquire A | No | No | 0 | 4,220 | 0.00 | 19,220.175 |
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Press releases
Washington Trust Contributes $22,000 to NeighborWorks Blackstone River Valley
15 Apr 24
Washington Trust Announces Date of First Quarter 2024 Earnings Release, Conference Call and Webcast
12 Apr 24
Washington Trust Recognizes Employees at Annual Celebration
27 Mar 24
Washington Trust Bancorp, Inc. Announces Quarterly Dividend
21 Mar 24
Washington Trust Charitable Foundation Donates $122,000 to Housing Organizations in Rhode Island
29 Feb 24