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Washington Trust Bancorp WASH Wealth Management Services — Noninterest Expense

Other segment segments

Banking
$31M+8.7%

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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:NoninterestExpense.

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
Advertising and promotion653601118116771717
Amortization of intangibles156203156203
Other expenses2,1392,0955555332,6942,628
Total noninterest expenses31,00028,5127,5978,01838,59736,530
Income before income taxes16,45314,7933,8152,34020,26817,133
Income tax expense3,4263,2838616054,2873,888
Net income$13,027$11,510$2,954$1,735$15,981$13,245
Supplemental Information:

Item 1. Financial Statements (Unaudited)

FAQ

What is Washington Trust Bancorp's wealth management services — noninterest expense?
Washington Trust Bancorp (WASH) reported wealth management services — noninterest expense of $7.6M in Q2 2026.
How has Washington Trust Bancorp's wealth management services — noninterest expense changed year-over-year?
Washington Trust Bancorp's wealth management services — noninterest expense decreased by 5.3% year-over-year, from $8.02M to $7.6M.
What is the long-term trend for Washington Trust Bancorp's wealth management services — noninterest expense?
Over 4 years (2021 to 2025), Washington Trust Bancorp's wealth management services — noninterest expense has grown at a 0.7% compound annual growth rate (CAGR), from $31.61M to $32.52M.
What does wealth management services — noninterest expense mean?
This metric measures the total operating costs required to run the wealth management business, excluding interest-related expenses. It is a primary indicator of the segment's operational efficiency and cost structure management.

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