Filing Flows › Washington Trust Bancorp (WASH) › Q2 2025
Washington Trust Bancorp (WASH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Washington Trust Bancorp (WASH) reported revenue of $54.3M for the second quarter 2025 (Q2 2025), +12% from a year earlier and -8% from the quarter before. Operating margin was 31.6%, net earnings $13.2M (24.4% of revenue).
Washington Trust Bancorp, Q2 2025: revenue $54.3M (+12% year over year), operating margin 31.6%, net earnings $13.2M, operating cash flow $11.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $54.3M | -8% | +12% |
| Operating profit | $17.1M | +9% | +24% |
| Net earnings | $13.2M | +9% | +22% |
| Operating cash flow | $11.3M | +34% | +1% |
| Free cash flow | $10.9M | +31% | +14% |
What changed
Revenue was $54.3M in Q2 2025, up 12% year over year and down 8% from the previous quarter. Wealth Management Revenues was the largest line at 19% of revenue. Wealth Management Revenues added $442K year over year (up 5%), 7% of the total change. Card Interchange Fees declined 2%.
Operating profit was $17.1M, a 31.6% margin (up 2.9 points year over year). Of the extra revenue versus a year earlier, 55% reached operating profit, above the 29% margin then. Total costs grew 8% against revenue growth of 12%. Net earnings were $13.2M, up 22% year over year. The effective tax rate was 22.7%.
Operating cash flow was $11.3M (up 1% year over year), 86% of net earnings. Non-cash charges added back $876K of depreciation and amortization and $873K of share-based compensation. Working capital and other items used $3.7M. Capital expenditures of $401K left free cash flow of $10.9M.
Questions
What was Washington Trust Bancorp's revenue in the second quarter 2025?
Washington Trust Bancorp (WASH) reported revenue of $54.3M for the second quarter 2025 (Q2 2025), +12% from a year earlier and -8% from the quarter before.
Was Washington Trust Bancorp profitable in the second quarter 2025?
Operating profit was $17.1M (31.6% of revenue) and net earnings $13.2M.