Filing Flows › Washington Trust Bancorp (WASH) › Q3 2025
Washington Trust Bancorp (WASH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Washington Trust Bancorp (WASH) reported revenue of $56.5M for the third quarter 2025 (Q3 2025), +16% from a year earlier and +4% from the quarter before. Operating margin was 24.7%, net earnings $10.8M (19.2% of revenue).
Washington Trust Bancorp, Q3 2025: revenue $56.5M (+16% year over year), operating margin 24.7%, net earnings $10.8M, operating cash flow $39.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $56.5M | +4% | +16% |
| Operating profit | $13.9M | -19% | +0.8% |
| Net earnings | $10.8M | -18% | -1% |
| Operating cash flow | $39.6M | +249% | +54% |
| Free cash flow | $39.3M | +259% | +61% |
What changed
Revenue was $56.5M in Q3 2025, up 16% year over year and up 4% from the previous quarter. Wealth Management Revenues was the largest line at 18% of revenue. Wealth Management Revenues added $384K year over year (up 4%), 5% of the total change. Card Interchange Fees declined 12%.
Operating profit was $13.9M, a 24.7% margin (down 3.8 points year over year). Of the extra revenue versus a year earlier, 1% reached operating profit, below the 28% margin then. Total costs grew 23% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+23%). Net earnings were $10.8M, down 1% year over year. The effective tax rate was 22.2%.
Operating cash flow was $39.6M (up 54% year over year), 365% of net earnings. Non-cash charges added back $852K of depreciation and amortization and $833K of share-based compensation. Working capital and other items added $27.1M. Capital expenditures of $344K left free cash flow of $39.3M.
Questions
What was Washington Trust Bancorp's revenue in the third quarter 2025?
Washington Trust Bancorp (WASH) reported revenue of $56.5M for the third quarter 2025 (Q3 2025), +16% from a year earlier and +4% from the quarter before.
Was Washington Trust Bancorp profitable in the third quarter 2025?
Operating profit was $13.9M (24.7% of revenue) and net earnings $10.8M.