Washington Trust Bancorp WASH Wealth Management Services — Depreciation expense

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Questions, answered.

What is Washington Trust Bancorp's wealth management services — depreciation expense?

Washington Trust Bancorp (WASH) reported wealth management services — depreciation expense of $71K in Q1 2026.

How has Washington Trust Bancorp's wealth management services — depreciation expense changed year-over-year?

Washington Trust Bancorp's wealth management services — depreciation expense decreased by 17.4% year-over-year, from $86K to $71K.

What is the long-term trend for Washington Trust Bancorp's wealth management services — depreciation expense?

Over 2 years (2021 to 2025), Washington Trust Bancorp's wealth management services — depreciation expense has grown at a -52.8% compound annual growth rate (CAGR), from $1.47M to $329K.

What does wealth management services — depreciation expense mean?

The systematic allocation of the cost of tangible long-lived assets over their useful lives within the wealth management segment. This non-cash expense reflects the wear and tear or obsolescence of equipment and facilities used to provide financial services. It is a key component in understanding the segment's operational cost structure and asset replacement cycle.