Washington Trust Bancorp, Inc. (WASH) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments341145978610910284
Cash and cash equivalents33313893831089880
Short-term investments8643244
Receivables4,184      
Disposal group, including discontinued operation      46
Assets held-for-sale, not part of disposal group6228    
Total current assets:4,5861739786109102130
Noncurrent Assets
Operating lease, right-of-use asset3027
Property, plant and equipment29292928293027
Intangible assets, net (including goodwill)70717273747663
Goodwill64646464646458
Intangible assets, net (excluding goodwill)678910115
Total noncurrent assets:12912710110110310590
Other undisclosed assets9994,9934,8134,3424,1683,5643,366
TOTAL ASSETS:5,7135,2935,0114,5304,3813,7723,587
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 3     
Total current liabilities: 3     
Noncurrent Liabilities
Other undisclosed liabilities5,1794,7874,5634,1173,9903,3963,241
Total liabilities:5,1794,7894,5634,1173,9903,3963,241
Stockholders' equity
Stockholders' equity attributable to parent534503448413391375346
Common stock1111111
Treasury stock, value(3)      
Additional paid in capital126123120118115111101
Accumulated other comprehensive loss(7)(11)(28)(24)(20)(10)(9)
Retained earnings418390356318294273253
Total stockholders' equity:534503448413391375346
TOTAL LIABILITIES AND EQUITY:5,7135,2935,0114,5304,3813,7723,587

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues227200194151136129131
Gain on disposition of assets for financial service operations481410
Net investment income166194173148132125121
Cost of revenue(12)(2)(2)(3)(6)(1)(2)
Provision for loan, lease, and other losses(12)(2)(2)
Financial services costs(3)(6)(1)(2)
Gross profit:215199193149130128129
Operating expenses(14)(13)(13)(81)(80)(76)(76)
Operating income:20118618068515153
Nonoperating income6655643
Investment income, nonoperating4423321
Bank owned life insurance income2222322
Interest and debt expense(42)(64)(44)(30)(23)(22)(22)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(76)(40)(54)34353025
Income from continuing operations before equity method investments, income taxes:89888778696460
Loss from equity method investments      (0)
Income from continuing operations before income taxes:89888778696460
Income tax expense(19)(19)(18)(32)(22)(21)(19)
Net income:70696846464341
Other undisclosed net income attributable to parent      0
Net income attributable to parent:70696846464341
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, basic:70696846464341
Other undisclosed net income available to common stockholders, diluted0     0
Net income available to common stockholders, diluted:70696846464341

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:70696846464341
Other comprehensive income (loss)922(13)1(6)(1)(7)
Comprehensive income:79915547404333
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)(5)8(0)(4) 0
Comprehensive income, net of tax, attributable to parent:74866446364334

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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