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Income Statement
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Common Size IS
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WASHINGTON TRUST BANCORP INC (WASH)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  169.3141.6145.4165.5149.9126.9118.2114.2
        Interest income on investments  21.814.320.126.421.919.212.610.4
       194.5158.0169.9197.7176.4149.6133.5125.8
    Interest expense:  
        Interest on deposits  26.012.425.837.124.215.112.513.1
        Interest on borrowings  11.73.815.826.219.114.410.07.7
       38.516.642.564.244.130.123.021.8
Net interest income  156.0141.4127.4133.4132.3119.5110.5104.0
Provision for loan losses  -1.3-4.812.31.61.62.65.71.1
Net interest income after provision for loan losses  157.3146.3115.1131.8130.7116.9104.8102.9
        Deposit and loan fees  3.22.72.73.73.63.73.73.9
        Gain on sale of investments, net  2.84.34.04.02.53.23.22.4
        Other non-interest income  56.780.492.759.456.057.958.252.0
Total non-interest income  62.687.499.467.162.164.865.158.3
Non-interest expenses  128.7135.5125.4110.7106.2104.1101.196.9
Equity in earnings          
Pre-tax income before non-recurring items  91.298.289.288.286.577.068.065.4
Non-recurring items      -0.2-0.6-0.91.0
Pre-tax income  91.298.289.288.286.777.668.964.3
Income taxes  19.521.319.319.118.331.722.420.9
            Tax rate  21.4%21.7%21.7%21.6%21.1%40.8%32.5%32.4%
Net income  71.576.669.769.068.345.846.443.5
            Net margin  32.5%32.8%32.5%34.7%35.4%25.2%27.3%27.0%
   
Basic EPS  $4.14$4.43$4.03$3.98$3.95$2.66$2.72$2.58
Diluted EPS  $4.11$4.39$4.00$3.96$3.93$2.64$2.70$2.55
   
Shares outstanding (basic)  17.217.317.317.317.317.217.116.9
Shares outstanding (diluted)  17.417.517.417.417.417.317.217.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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