WASHWASHINGTON TRUST BANCORP INC
State Commercial Banks
- Revenue
- $58M
- 20% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $736M
- Employees
- 642
- $90K revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 0.4
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo154% of net incomeCash flow under 80% of net income
- Dilutive SBCNo5% of revenueOver 10% of revenue
- Payouts exceed cash flowNo63% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo92% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo$90K · 57th pctBottom quartile of its SIC industry
- Quiet on AIYes0.4 per 10K words · 19th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$736M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$1M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $51M | $48M | $44M | $48M | $58M | 20% |
| Net income | $77M | $72M | $48M | −$28M | $52M | 286% |
| Operating cash flow | $101M | $113M | $32M | $58M | $80M | 39% |
| Capex | $3M | $6M | $5M | $4M | $2M | 50% |
| Stock-based comp | $3M | $3M | $2M | $2M | $3M | 22% |
| Buybacks | $0 | $9M | $9M | $0 | $7M | |
| Dividends | $36M | $38M | $39M | $38M | $43M | 13% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $1M · 4
- Open-market sells, 12 mo
- $75K · 3
- Net
- $1M
Pay vs performance
No pay-versus-performance disclosure yet.