Washington Trust Bancorp, Inc. (WASH) financial statements (2020 and earlier)

Company profile

Business Address 23 BROAD ST
WESTERLY, RI 02891
State of Incorp. RI
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14597861091028489
Cash and cash equivalents1389383108988085
Short-term investments6432443
Disposal group, including discontinued operation     46 
Assets held-for-sale, not part of disposal group28    
Total current assets:173978610910213089
Noncurrent Assets
Operating lease, right-of-use asset27
Property, plant and equipment29292829302725
Intangible assets, net (including goodwill)71727374766364
Goodwill64646464645858
Intangible assets, net (excluding goodwill)789101155
Total noncurrent assets:1271011011031059089
Other undisclosed assets4,9934,8134,3424,1683,5643,3663,011
TOTAL ASSETS:5,2935,0114,5304,3813,7723,5873,189
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3      
Total current liabilities:3      
Noncurrent Liabilities
Other undisclosed liabilities4,7874,5634,1173,9903,3963,2412,859
Total liabilities:4,7894,5634,1173,9903,3963,2412,859
Stockholders' equity
Stockholders' equity attributable to parent503448413391375346330
Common stock1111111
Additional paid in capital12312011811511110198
Accumulated other comprehensive loss(11)(28)(24)(20)(10)(9)(2)
Retained earnings390356318294273253233
Total stockholders' equity:503448413391375346330
TOTAL LIABILITIES AND EQUITY:5,2935,0114,5304,3813,7723,5873,189

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues200194151136129131154
Net investment income194173148132125121 
Cost of revenue(2)(2)(3)(6)(1)(2)(2)
Provision for loan, lease, and other losses(2)(2)
Financial services costs(3)(6)(1)(2)(2)
Gross profit:199193149130128129151
Operating expenses(13)(13)(81)(80)(76)(76)(65)
Operating income:1861806851515386
Nonoperating income (expense)655643(1)
Investment income, nonoperating423321(3)
Bank owned life insurance income2223222
Interest and debt expense(64)(44)(30)(23)(22)(22)(25)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(40)(54)34353025(8)
Income from continuing operations before equity method investments, income taxes:88877869646053
Loss from equity method investments     (0)(0)
Income from continuing operations before income taxes:88877869646053
Income tax expense(19)(18)(32)(22)(21)(19)(17)
Net income:69684646434136
Other undisclosed net income attributable to parent     00
Net income attributable to parent:69684646434136
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, basic:69684646434136
Other undisclosed net income available to common stockholders, diluted     0 
Net income available to common stockholders, diluted:69684646434136

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:69684646434136
Other comprehensive income (loss)22(13)1(6)(1)(7) 
Comprehensive income:91554740433336
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)8(0)(4) 09
Comprehensive income, net of tax, attributable to parent:86644636433445

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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