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Washington Trust Bancorp WASH Banking — Equipment

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Other financials

Income statement

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Revenue$60.5M+11.4%
Net income$16.0M+20.7%
EPS (diluted)$0.83+22.1%

Balance sheet

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Cash & equivalents$127.4M-24.0%
Total debt$37.9M-1.0%
Total equity$553.5M+4.9%
Total assets$6.5B-2.9%

Cash flow

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Operating cash flow$23.1M+104%
CapEx$1.1M+171%
Free cash flow$22.0M+101%

Valuation

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Market cap$741.04M+40.2%
Enterprise value$651.58M+63.3%
P/E13.4×—
P/S3.2×—

Profitability

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Net margin23.7%—
FCF margin41%—

Returns & leverage

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Return on equity10.2%+7.7pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by Washington Trust Bancorp in its filing.

Tagged under the XBRL concept us-gaap:EquipmentExpense.

The source filing: Washington Trust Bancorp’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 10:23 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000737468-26-000114
(Dollars in thousands) / Three months ended June 30,Banking / 2026Banking / 2025Wealth Management Services / 2026Wealth Management Services / 2025Consolidated Total / 2026Consolidated Total / 2025
Salaries and employee benefits19,75017,4345,5625,59125,31223,025
Outsourced services3,5873,3746791,0304,2664,404
Net occupancy2,5112,3932242692,7352,662
Equipment8308555775887930
Legal, audit and professional fees578525246201824726
FDIC deposit insurance costs9521,235——9521,235
Advertising and promotion653601118116771717
Amortization of intangibles——156203156203

Item 1. Financial Statements (Unaudited)

FAQ

What is Washington Trust Bancorp's banking — equipment?
Washington Trust Bancorp (WASH) reported banking — equipment of $830K in Q2 2026.
How has Washington Trust Bancorp's banking — equipment changed year-over-year?
Washington Trust Bancorp's banking — equipment decreased by 2.9% year-over-year, from $855K to $830K.
What is the long-term trend for Washington Trust Bancorp's banking — equipment?
Over 3 years (2022 to 2025), Washington Trust Bancorp's banking — equipment has grown at a -0.2% compound annual growth rate (CAGR), from $3.32M to $3.3M.
What does banking — equipment mean?
This represents the expenses related to the acquisition, maintenance, and depreciation of equipment necessary for banking operations, such as computer hardware and banking technology. It reflects the capital intensity and technological infrastructure requirements of the segment.

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