Washington Trust Bancorp Inc (WASH) - Net Assets
Based on the latest financial reports, Washington Trust Bancorp Inc (WASH) has net assets worth $543.58 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.62 Billion) and total liabilities ($6.08 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Washington Trust Bancorp Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $543.58 Million |
| % of Total Assets | 8.21% |
| Annual Growth Rate | 8.03% |
| 5-Year Change | -3.76% |
| 10-Year Change | 39.09% |
| Growth Volatility | 8.09 |
Washington Trust Bancorp Inc - Net Assets Trend (1989–2025)
This chart illustrates how Washington Trust Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Also explore Washington Trust Bancorp Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Washington Trust Bancorp Inc (1989–2025)
The table below shows the annual net assets of Washington Trust Bancorp Inc from 1989 to 2025. For live valuation and market cap data, see market cap of Washington Trust Bancorp Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $543.58 Million | +8.78% |
| 2024-12-31 | $499.73 Million | +5.72% |
| 2023-12-31 | $472.69 Million | +4.19% |
| 2022-12-31 | $453.67 Million | -19.68% |
| 2021-12-31 | $564.81 Million | +5.73% |
| 2020-12-31 | $534.20 Million | +6.10% |
| 2019-12-31 | $503.49 Million | +12.34% |
| 2018-12-31 | $448.18 Million | +8.44% |
| 2017-12-31 | $413.28 Million | +5.75% |
| 2016-12-31 | $390.80 Million | +4.11% |
| 2015-12-31 | $375.39 Million | +8.41% |
| 2014-12-31 | $346.28 Million | +5.05% |
| 2013-12-31 | $329.65 Million | +11.50% |
| 2012-12-31 | $295.65 Million | +5.08% |
| 2011-12-31 | $281.35 Million | +4.64% |
| 2010-12-31 | $268.86 Million | +5.46% |
| 2009-12-31 | $254.95 Million | +8.44% |
| 2008-12-31 | $235.11 Million | +26.06% |
| 2007-12-31 | $186.51 Million | +7.78% |
| 2006-12-31 | $173.06 Million | +9.22% |
| 2005-12-31 | $158.45 Million | +4.34% |
| 2004-12-31 | $151.85 Million | +9.99% |
| 2003-12-31 | $138.06 Million | +7.25% |
| 2002-12-31 | $128.72 Million | +31.43% |
| 2001-12-31 | $97.94 Million | +9.81% |
| 2000-12-31 | $89.19 Million | +14.10% |
| 1999-12-31 | $78.17 Million | +0.73% |
| 1998-12-31 | $77.60 Million | +15.48% |
| 1997-12-31 | $67.20 Million | +13.13% |
| 1996-12-31 | $59.40 Million | +12.29% |
| 1995-12-31 | $52.90 Million | +15.50% |
| 1994-12-31 | $45.80 Million | +18.96% |
| 1993-12-31 | $38.50 Million | +10.32% |
| 1992-12-31 | $34.90 Million | +5.76% |
| 1991-12-31 | $33.00 Million | +3.77% |
| 1990-12-31 | $31.80 Million | -5.64% |
| 1989-12-31 | $33.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Washington Trust Bancorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1262.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $442.74 Million | 81.45% |
| Common Stock | $1.22 Million | 0.22% |
| Other Comprehensive Income | $-79.31 Million | -14.59% |
| Other Components | $178.93 Million | 32.92% |
| Total Equity | $543.58 Million | 100.00% |
Washington Trust Bancorp Inc Competitors by Market Cap
The table below lists competitors of Washington Trust Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou Electn Soul Network
SHG:603258
|
$608.51 Million |
|
Chongqing Yukaifa Co Ltd
SHE:000514
|
$608.71 Million |
|
Beazer Homes USA Inc
NYSE:BZH
|
$608.73 Million |
|
Dymatic Chemicals Inc
SHE:002054
|
$608.83 Million |
|
Markor International Home Furnishings Co Ltd
SHG:600337
|
$607.70 Million |
|
Shanghai Yanhua Smartech Group
SHE:002178
|
$607.55 Million |
|
Valor Estate Limited
NSE:DBREALTY
|
$607.53 Million |
|
Beijing Jingyeda Technology Co Ltd
SHE:003005
|
$607.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Washington Trust Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 499,728,000 to 543,584,000, a change of 43,856,000 (8.8%).
- Net income of 52,244,000 contributed positively to equity growth.
- Dividend payments of 43,325,000 reduced retained earnings.
- Share repurchases of 7,361,000 reduced equity.
- Other comprehensive income increased equity by 39,862,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $52.24 Million | +9.61% |
| Dividends Paid | $43.33 Million | -7.97% |
| Share Repurchases | $7.36 Million | -1.35% |
| Other Comprehensive Income | $39.86 Million | +7.33% |
| Other Changes | $2.44 Million | +0.45% |
| Total Change | $- | 8.78% |
Book Value vs Market Value Analysis
This analysis compares Washington Trust Bancorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.13x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.71x to 1.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $3.67 | $31.94 | x |
| 1990-12-31 | $3.46 | $31.94 | x |
| 1991-12-31 | $3.55 | $31.94 | x |
| 1992-12-31 | $3.73 | $31.94 | x |
| 1993-12-31 | $4.07 | $31.94 | x |
| 1994-12-31 | $4.72 | $31.94 | x |
| 1995-12-31 | $5.33 | $31.94 | x |
| 1996-12-31 | $5.86 | $31.94 | x |
| 1997-12-31 | $6.79 | $31.94 | x |
| 1998-12-31 | $6.04 | $31.94 | x |
| 1999-12-31 | $6.44 | $31.94 | x |
| 2000-12-31 | $7.36 | $31.94 | x |
| 2001-12-31 | $8.03 | $31.94 | x |
| 2002-12-31 | $9.95 | $31.94 | x |
| 2003-12-31 | $10.31 | $31.94 | x |
| 2004-12-31 | $11.23 | $31.94 | x |
| 2005-12-31 | $11.63 | $31.94 | x |
| 2006-12-31 | $12.61 | $31.94 | x |
| 2007-12-31 | $13.71 | $31.94 | x |
| 2008-12-31 | $16.62 | $31.94 | x |
| 2009-12-31 | $15.89 | $31.94 | x |
| 2010-12-31 | $16.65 | $31.94 | x |
| 2011-12-31 | $17.28 | $31.94 | x |
| 2012-12-31 | $18.03 | $31.94 | x |
| 2013-12-31 | $19.78 | $31.94 | x |
| 2014-12-31 | $20.52 | $31.94 | x |
| 2015-12-31 | $21.99 | $31.94 | x |
| 2016-12-31 | $22.71 | $31.94 | x |
| 2017-12-31 | $23.84 | $31.94 | x |
| 2018-12-31 | $25.77 | $31.94 | x |
| 2019-12-31 | $28.91 | $31.94 | x |
| 2020-12-31 | $30.70 | $31.94 | x |
| 2021-12-31 | $32.36 | $31.94 | x |
| 2022-12-31 | $26.10 | $31.94 | x |
| 2023-12-31 | $27.70 | $31.94 | x |
| 2024-12-31 | $29.14 | $31.94 | x |
| 2025-12-31 | $28.19 | $31.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Washington Trust Bancorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.71%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 12.18x
- Recent ROE (9.61%) is below the historical average (11.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 17.51% | 12.37% | 0.12x | 12.14x | $2.53 Million |
| 1990 | 1.57% | 1.03% | 0.11x | 13.65x | $-2.68 Million |
| 1991 | 7.58% | 5.29% | 0.11x | 13.37x | $-800.00K |
| 1992 | 9.17% | 7.67% | 0.09x | 13.11x | $-290.00K |
| 1993 | 12.47% | 11.62% | 0.08x | 12.66x | $950.00K |
| 1994 | 13.76% | 14.45% | 0.08x | 11.26x | $1.72 Million |
| 1995 | 14.56% | 15.56% | 0.09x | 10.35x | $2.41 Million |
| 1996 | 14.14% | 15.53% | 0.08x | 11.70x | $2.46 Million |
| 1997 | 13.99% | 13.00% | 0.09x | 12.12x | $2.68 Million |
| 1998 | 15.72% | 14.56% | 0.08x | 12.81x | $4.44 Million |
| 1999 | 15.99% | 13.62% | 0.08x | 14.14x | $4.68 Million |
| 2000 | 14.81% | 12.60% | 0.09x | 13.66x | $4.29 Million |
| 2001 | 13.38% | 12.02% | 0.08x | 13.91x | $3.31 Million |
| 2002 | 13.02% | 15.15% | 0.06x | 13.56x | $3.88 Million |
| 2003 | 13.71% | 16.75% | 0.06x | 14.30x | $5.12 Million |
| 2004 | 13.72% | 16.83% | 0.05x | 15.20x | $5.64 Million |
| 2005 | 14.53% | 15.70% | 0.06x | 15.16x | $7.18 Million |
| 2006 | 14.46% | 14.44% | 0.07x | 13.86x | $7.73 Million |
| 2007 | 12.76% | 13.08% | 0.07x | 13.62x | $5.15 Million |
| 2008 | 9.43% | 11.85% | 0.06x | 12.61x | $-1.34 Million |
| 2009 | 6.31% | 9.18% | 0.06x | 11.31x | $-9.40 Million |
| 2010 | 8.95% | 14.64% | 0.06x | 10.82x | $-2.84 Million |
| 2011 | 10.56% | 17.93% | 0.05x | 10.89x | $1.59 Million |
| 2012 | 11.86% | 19.76% | 0.06x | 10.39x | $5.51 Million |
| 2013 | 10.97% | 21.28% | 0.05x | 9.67x | $3.19 Million |
| 2014 | 11.79% | 23.59% | 0.05x | 10.36x | $6.20 Million |
| 2015 | 11.58% | 23.61% | 0.05x | 10.05x | $5.93 Million |
| 2016 | 11.89% | 23.40% | 0.05x | 11.21x | $7.40 Million |
| 2017 | 11.11% | 21.42% | 0.05x | 10.96x | $4.60 Million |
| 2018 | 15.27% | 28.69% | 0.05x | 11.18x | $23.61 Million |
| 2019 | 13.73% | 26.11% | 0.05x | 10.51x | $18.77 Million |
| 2020 | 13.07% | 25.92% | 0.05x | 10.69x | $16.41 Million |
| 2021 | 13.61% | 31.33% | 0.04x | 10.36x | $20.39 Million |
| 2022 | 15.80% | 27.88% | 0.04x | 14.68x | $26.31 Million |
| 2023 | 10.19% | 13.21% | 0.05x | 15.24x | $907.40K |
| 2024 | -5.61% | -9.03% | 0.04x | 13.87x | $-78.03 Million |
| 2025 | 9.61% | 13.71% | 0.06x | 12.18x | $-2.11 Million |
Industry Comparison
This section compares Washington Trust Bancorp Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Washington Trust Bancorp Inc (WASH) | $543.58 Million | 17.51% | 11.18x | $608.14 Million |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About Washington Trust Bancorp Inc
Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses. The company operates in two segments, Banking and Wealth Management Services. The Banking segment offers deposit accounts, including noninterest-bearing demand deposits, interest-bearing demand deposit… Read more