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Washington Trust Bancorp WASH Banking — Salaries and employee benefits

Other segment segments

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$5.56M-0.5%

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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:LaborAndRelatedExpense.

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
Net interest income after provision for credit losses40,20336,58540,20336,585
Noninterest income7,2506,72011,41210,35818,66217,078
Noninterest expenses:
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

Item 1. Financial Statements (Unaudited)

FAQ

What is Washington Trust Bancorp's banking — salaries and employee benefits?
Washington Trust Bancorp (WASH) reported banking — salaries and employee benefits of $19.75M in Q2 2026.
How has Washington Trust Bancorp's banking — salaries and employee benefits changed year-over-year?
Washington Trust Bancorp's banking — salaries and employee benefits increased by 13.3% year-over-year, from $17.43M to $19.75M.
What is the long-term trend for Washington Trust Bancorp's banking — salaries and employee benefits?
Over 3 years (2022 to 2025), Washington Trust Bancorp's banking — salaries and employee benefits has grown at a 3.9% compound annual growth rate (CAGR), from $62.03M to $69.49M.
What does banking — salaries and employee benefits mean?
This represents the total compensation costs, including wages, bonuses, and benefits, for personnel dedicated to the banking segment. It is a key component of operating expenses and reflects the human capital investment required to support banking operations.

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