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Washington Trust Bancorp (WASH) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Washington Trust Bancorp (WASH) Q3 2026 earnings results →

Q3 2026 Revenue up 15% year over year to $65.0M · 30¢ of every $1 of revenue kept as net profit · operating margin 37.5%

Washington Trust Bancorp made $65.0M in Q3 2026 (+15% Y/Y): Other revenues $51.3M, Wealth Management Revenues $11.1M, Card Interchange Fees $1.3M. Operating margin 37.5%, net earnings $19.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$65.0M
Year over year+15%
Operating margin37.5%
Net earnings$19.4M
Operating cash flow$23.0M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $65.0M in Q3 2026, up 15% year over year and up 7% from the previous quarter. Wealth Management Revenues was the largest line at 17% of revenue. Wealth Management Revenues added $716K year over year (up 7%), 8% of the total change.

Operating profit was $24.4M, a 37.5% margin (up 12.8 points year over year). Of the extra revenue versus Q3 2025, 123% reached operating profit, above the 25% margin then. Total costs fell 5% while revenue rose 15%. Net earnings were $19.4M, up 79% year over year. The effective tax rate was 20.4%.

Operating cash flow was $23.0M (down 42% year over year), 119% of net earnings. Non-cash charges added back $818K of depreciation and amortization and $851K of share-based compensation. Working capital and other items added $2.0M. Capital expenditures of $2.7M left free cash flow of $20.4M.

Quarterly history

Washington Trust Bancorp revenue by quarterWashington Trust Bancorp revenue by quarter$59.1MQ1 2025$54.3MQ2 2025$56.5MQ3 2025$59.3MQ4 2025$57.8MQ1 2026$60.5MQ2 2026$65.0MQ3 2026
Washington Trust Bancorp net earnings by quarterWashington Trust Bancorp net earnings by quarter$12.2MQ1 2025$13.2MQ2 2025$10.8MQ3 2025$16.0MQ4 2025$12.6MQ1 2026$16.0MQ2 2026$19.4MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$65.0M+15%37.5%$19.4M$23.0M
Q2 202610-QAug 6, 2026$60.5M+11%33.5%$16.0M$23.1M
Q1 202610-QMay 7, 2026$57.8M-2%27.8%$12.6M$16.1M
Q4 202510-KFeb 24, 2026$59.3M—34.9%$16.0M$20.9M
Q3 202510-QNov 6, 2025$56.5M+16%24.7%$10.8M$39.6M
Q2 202510-QAug 6, 2025$54.3M+12%31.6%$13.2M$11.3M
Q1 202510-QMay 7, 2025$59.1M+21%26.5%$12.2M$8.4M

Charts

Washington Trust Bancorp: revenue growth, year over year and quarter over quarterWashington Trust Bancorp: revenue growth, year over year and quarter over quarterY/YQ/Q+21%Q1 2025+12%-8%Q2 2025+16%+4%Q3 2025+5%Q4 2025-2%-2%Q1 2026+11%+5%Q2 2026+15%+7%Q3 2026
Latest (Q3 2026): Y/Y +15%, Q/Q +7%.
Washington Trust Bancorp: where the cash came from (+) and went (−), TTM to Q3 2026Washington Trust Bancorp: where the cash came from (+) and went (−), TTM to Q3 2026Other financing−$202MCash drawn (+) / kept (−)$96.8MOperating cash flow$83.2MOther investing$71.9MDividends−$43.0MCapital spending−$6.2MBuybacks−$629K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Washington Trust Bancorp: profit against cash, quarter by quarterWashington Trust Bancorp: profit against cash, quarter by quarterNet incomeOperating cash flow−$60.8M$18.8MQ4 2024$12.2M$8.4MQ1 2025$13.2M$11.3MQ2 2025$10.8M$39.6MQ3 2025$16.0M$20.9MQ4 2025$12.6M$16.1MQ1 2026$16.0M$23.1MQ2 2026$19.4M$23.0MQ3 2026
Latest (Q3 2026): Net income $19.4M, Operating cash flow $23.0M.
Washington Trust Bancorp: diluted shares by fiscal yearWashington Trust Bancorp: diluted shares by fiscal year17MFY202017MFY202117MFY202217MFY202317MFY202419MFY2025
+10.8% since FY2020: more shares outstanding (issuance, stock pay).
Washington Trust Bancorp in its industry: growth against margin (133 companies, SIC 6022)Washington Trust Bancorp in its industry: growth against margin (133 companies, SIC 6022)revenue growth, year over year →↑ operating marginmedian +9%median 40%BNYSTTFITBMTBFCNCAALLYCFGNTRSWALBPOPEWBCWTFCCOLBSSBCBSHASBHWCAUBGBCIUBSIABCBHTHHOMBUCBRNSTFBPCATYFIBKCUBIFHBIBOCMBINSBCFBOHCVBFBUSEEFSCOFGLOBFBKFFINSFBSMCHBCCBFBNCGABCBYSYBTPEBOTCBKOBKSTBAFMBHRBCAACNOBAMALMCBQCRHOSBCFMNBBFSTUVSPTMPCCNEMSBIHBTEQBKCTBICPFTHFFMPBSBSIMBWMLKFNIBCPEGBNSPFICCBGCOFSCWBCHBIAACNBGSBCFSBCTRSTCIVBFCBCMCBSFBIZINBKBWBCBANMVBFBSRRCZNCCFFIRBBISTRUNTYBWFGBMRCRRBIPCBFCBMCHMGCZFSNWFLWTBAMYFWAVBHOPBKUSCBFCCOEBMTCOSOFXNCPKBKISBAPEBKBPRNBRBSHNVRMNSBFVCBCCFNSBFGJMSBBOTJNWPPFUSBAUBNJUVFWASH (+15%, 38%)
State Commercial Banks; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Washington Trust Bancorp

The Bancorp, a publicly-owned registered bank holding company that has elected to be a financial holding company, was organized in 1984 under the laws of the state of Rhode Island. The Bancorp’s common stock trades on the Nasdaq under the symbol WASH. The Bancorp owns all of the outstanding common stock of the Bank, a Rhode Island chartered financial institution founded in 1800. The Bancorp was formed in 1984 under a plan of reorganization in which outstanding common shares of the Bank were exchanged for common shares of the Bancorp. See additional information under the caption “Subsidiaries.”

In its own words, from its 10-K, filed Feb 24, 2026.

Washington Trust Bancorp against its State Commercial Banks peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +15% against the peers' median +12%. Operating margin: 37.5% against the peers' median 34.7%.

CompanyQuarterRevenueY/YOp. margin
WASH Washington Trust BancorpQ3 2026$65.0M+15%37.5%
BNY Bank of New York MellonQ3 2026$5.7B+12%38.5%
STT State StreetQ3 2026$4.0B+13%34.7%
FITB Fifth Third BancorpQ3 2026$3.3B+42%33.8%
MTB M&T BankQ3 2026$2.5B+0.9%39.7%
FCNCA First Citizens BancsharesQ3 2026$2.4B0%33.1%
ALLY Ally FinancialQ3 2026$2.3B+8%24.3%
CFG Citizens Financial GroupQ3 2026$2.3B+10%34.6%
NTRS Northern TrustQ3 2026$2.3B+13%34.7%

Source: Washington Trust Bancorp 10-Q on SEC EDGAR · CIK 737468 · State Commercial Banks

Guidance and outlook

Washington Trust Bancorp: what its forward-looking statements are about (10-Q filed 2026-11-05)Washington Trust Bancorp: what its forward-looking statements are about (10-Q filed 2026-11-05)Other1Supply chain1
2 statements; tone +0.00 (−1 all cautious, +1 all confident); 0 hedged.

13F: who owns WASH and who is buying

Largest holders of WASH (13F)Largest holders of WASH (13F)BlackRock$81.6MFMR LLC$36.5MVanguard Group$34.5MVanguard Capital Management LLC$30.8MFranklin Resources$30.7MState Street$28.3MDimensional Fund Advisors LP$27.4MGeode Capital Management, LLC$19.0MAQR Capital Management LLC$16.8MTwo Sigma Investments, LP$16.5M
Funds' net buying of WASH by quarter (13F)Funds' net buying of WASH by quarter (13F)−$4.8M2024-09−$13.8M2024-12$8.9M2025-03−$4.0M2025-06−$10.1M2025-09$7.8M2025-12$5.3M2026-03$30.0M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on WASH

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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