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← CockpitCompetitor Analysis › WASH Washington Trust Bancorp, Inc.Open in the cockpit ↗

Washington Trust Bancorp, Inc.WASHCompetitor analysis, valuation and peers

United States · USD·Financials›Regional Banks
Momentum strong 72
Mkt cap
$737M
US dollars, full cap
Free float
98%
of shares outstanding
$/day
$5.37M
20-day average traded
P/B
1.39×
price to book
ROE
12.0%
delivered
Implied ROE
10.6%
what the price asks
Next earnings
82 days
27 Jan 2027
Close · USD$38.62
1D-0.1%
1W+0.1%
1M+3.4%
3M+0.3%
6M+19.5%
YTD+30.7%
1Y+38.3%
ATR %2.7%
Beta0.65
52w lowhigh6.1% off high

What Washington Trust Bancorp does

Employees: 642

Washington Trust Bancorp at a glance

Size Washington Trust Bancorp (WASH) is a United States Financials company (Regional Banks) with a market value of $737M, the 2446th largest of 3,117 United States companies the cockpit tracks. Shares closed at $38.62 on 6 Nov 2026.

Performance Over six months the shares gained 19.5%, against +10.2% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 29.6% over the last twelve months (peer median +7.0%); the operating margin is 34.0% (peer median 36.5%).

Valuation It trades at 1.39× book value against a peer median of 1.21× (5th most expensive of 21).

Price implies The share price implies a return on equity of about 10.6%; Washington Trust Bancorp delivers 12.0%, so the price asks less than the business earns today.

Short interest Short interest is 7.2% of the free float (15 Oct 2026).

Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).

Relative performance

10011012011 May 202611 Aug 20266 Nov 2026WASH 122Peer median 113
Six months, rebased to 100: Washington Trust Bancorp against the median of its 20 peers (local-currency closes).

Washington Trust Bancorp financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$379M$386M$309M$363M$254M
Revenue growth—+25%-15%+43%—
Net income$63.9M$52.2M-$28.0M$48.1M$71.5M
Free cash flown/a$82.6M$47.6M$28.6M$70.0M
Capital expendituren/a$9.19M$4.00M$5.05M$13.1M
Total debt$436M$687M$1.18B$1.24B$1.03B

Quarterly statements and history in the cockpit →

Washington Trust Bancorp competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%-20%-10%0%8344854125588343HTBSHBIPFISVBNKRINGCWBCFISIAGBKBHBCBGWASH6-month return →1-month return →
Up and to the right = strong over both horizons. Washington Trust Bancorp is the large dot.

Fundamentals: return on equity against price-to-book

0%10%20%30%0.50×10×1.50×8344854125588343HTBSHBIPFISVBNKCWBCFISIBCALDCBBANKBHB1983CBGRRBIWASHReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Washington Trust Bancorp is the large dot.

Capital: ROE delivered against the ROE the price implies

-5%0%5%10%15%0%10%834485412558HTBSHBIVBNKRINGCWBCBCALDCBBANKBHB1983CBGWASHROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Washington Trust Bancorp is the large dot.

Washington Trust Bancorp competitors and peer comparison

How Washington Trust Bancorp compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Washington Trust Bancorp against its 20 peers (data as of 6 Nov 2026)
MeasureWASHPeer medianRank in peer set
1-month return+3.4%+0.9%5th highest of 21
6-month return+19.5%+10.2%6th highest of 21
Return on equity12.0%11.3%8th highest of 20
Price / book1.39×1.21×5th most expensive of 21
Trailing P/E11.6×11.9×9th cheapest of 19
ROE the price implies10.6%9.3%7th most demanding of 20
ROE delivered12.0%11.3%8th highest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Washington Trust Bancorp WASHUnited States$737M+19%+30%12%1.39×10.6%12.0%
Yamagata Bank 8344.TJapan$736M+49%+25%5%0.75×5.3%5.1%
Ehime Bank 8541.TJapan$733M+66%+8%5%0.80×5.2%5.1%
Jinshang Bank 2558.HKHong Kong$741M-31%-5%6%0.18×3.5%6.1%
Akita Bank 8343.TJapan$731M+107%+29%5%0.61×5.3%5.0%
HomeTrust Bancshares HTBUnited States$743M+2%-3%11%1.30×10.6%11.3%
Shore Bancshares SHBIUnited States$746M+14%+3%11%1.21×10.2%11.5%
Peoples Financial Services PFISUnited States$723M+22%+4%12%1.37×10.7%11.7%
VersaBank VBNK.TOCanada$752M+27%+14%6%1.86×13.6%6.2%
SpareBank 1 Ringerike Hadeland RING.OLNorway$752M+2%-4%13%1.40×6.9%13.0%
Community West Bancshares CWBCUnited States$705M+8%+23%7%1.17×10.1%6.7%
Financial Institutions FISIUnited States$776M+12%+42%30%1.29×n/a30.0%
AGI AGBKUnited States$777M-31%n/an/a0.84×11.3%n/a
California BanCorp BCALUnited States$696M+13%-4%10%1.20×7.5%10.2%
DCB Bank DCBBANK.NSIndia$688M+8%+10%13%0.94×16.4%13.0%
Bar Harbor Bankshares BHBUnited States$688M+17%+16%11%1.28×9.3%10.7%
Luzhou Bank 1983.HKHong Kong$790M-5%+6%14%0.45×4.0%14.0%
Close Brothers CBG.LUnited Kingdom$791M-10%-12%-6%0.40×8.8%-5.9%
Red River Bancshares RRBIUnited States$682M+14%+7%13%1.78×10.0%13.0%
South Plains Financial SPFIUnited States$800M+4%+10%13%1.28×8.4%12.6%
Independent Bank IBCPUnited States$802M+5%+3%14%1.39×10.6%13.5%

Questions

Which companies are Washington Trust Bancorp's closest peers?
The cockpit's peer set: Yamagata Bank (8344.T), Ehime Bank (8541.T), Jinshang Bank (2558.HK), Akita Bank (8343.T), HomeTrust Bancshares (HTB), Shore Bancshares (SHBI), Peoples Financial Services (PFIS), VersaBank (VBNK.TO).
Is Washington Trust Bancorp expensive compared with its peers?
On price / book it trades at 1.39× against a peer median of 1.21×, 5th most expensive of 21 in its peer set. The share price implies a return on equity of about 10.6%; Washington Trust Bancorp delivers 12.0%, so the price asks less than the business earns today.
How has Washington Trust Bancorp stock performed?
Over six months to 6 Nov 2026 the shares returned +19.5% against +10.2% for the median peer; over one year +38.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.