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South Plains Financial vs Washington Trust Bancorp: SPFI and WASH compared
South Plains Financial is the larger company: $65.3M of revenue in its latest quarter (Q3 2026) against $65.0M for Washington Trust Bancorp (Q3 2026). South Plains Financial is growing faster (+20% against +15% a year earlier). South Plains Financial is more profitable, with an operating margin of 40.4% against 37.5%.
Where the money goes: SPFI and WASH
South Plains Financial (SPFI) · Q3 2026
South Plains Financial, Q3 2026: revenue $65.3M (+20% year over year), operating margin 40.4%, net earnings $20.8M, operating cash flow $30.9M. The chart follows the revenue to costs, profit and cash.
Washington Trust Bancorp (WASH) · Q3 2026
Washington Trust Bancorp, Q3 2026: revenue $65.0M (+15% year over year), operating margin 37.5%, net earnings $19.4M, operating cash flow $23.0M. The chart follows the revenue to costs, profit and cash.
| South Plains Financial (SPFI) | Washington Trust Bancorp (WASH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $65.3M | $65.0M |
| Revenue growth, Y/Y | +20% | +15% |
| Operating margin | 40.4% | 37.5% |
| Net earnings | $20.8M | $19.4M |
| Net margin | 31.8% | 29.8% |
| Operating cash flow | $30.9M | $23.0M |
| Free cash flow | $30.5M | $20.4M |
Where the revenue comes from
South Plains Financial
- Net interest income: $51.5M (79%)
- Noninterest income: $13.8M (21%)
Washington Trust Bancorp
- Other revenues: $51.3M (79%)
- Wealth Management Revenues: $11.1M (17%)
- Card Interchange Fees: $1.3M (2%)
- Service Charges on Deposit Accounts: $952K (1%)
Questions
Which is bigger, South Plains Financial or Washington Trust Bancorp?
South Plains Financial is the larger company: $65.3M of revenue in its latest quarter (Q3 2026) against $65.0M for Washington Trust Bancorp (Q3 2026).
Is South Plains Financial or Washington Trust Bancorp growing faster?
South Plains Financial is growing faster (+20% against +15% a year earlier).
Which is more profitable, South Plains Financial or Washington Trust Bancorp?
South Plains Financial is more profitable, with an operating margin of 40.4% against 37.5%.
More: South Plains Financial earnings · how South Plains Financial makes money · Washington Trust Bancorp earnings · how Washington Trust Bancorp makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.