← WASHINGTON TRUST BANCORP INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $46.5m $45.9m $68.4m $69.1m $69.8m $76.9m $71.7m $48.2m ($28.1m) $52.2m
Net Income (Loss) Available to Common Stockholders, Basic $46.4m $45.8m $68.3m $69.0m $69.7m $76.6m $71.5m $48.1m ($28.0m) $52.2m
Depreciation, Depletion and Amortization $4.9m $4.5m $4.3m $4.2m $4.1m $4.3m $4.3m $4.8m $3.9m $3.5m
Amortization of Intangible Assets $1.3m $1.0m $979k $943k $914k $890k $860k $843k $826k $762k
Depreciation $3.7m $3.5m $3.3m $3.3m $3.2m $3.4m $3.5m $4.0m $3.9m $3.5m
Depreciation, Nonproduction $3.7m $3.5m $3.3m $3.3m $3.2m $3.4m $3.5m $4.0m $3.9m $3.5m
Deferred Income Tax Expense (Benefit) $868k $5.7m ($63k) ($1.5m) ($3.1m) $2.2m $1.2m ($3.7m) ($16.7m) $12.6m
Share-based Payment Arrangement, Noncash Expense $2.2m $2.6m $2.6m $3.1m $3.8m $3.3m $3.2m $2.1m $2.5m $3.0m
Share-based Payment Arrangement, Expense $2.2m $2.6m $2.6m $3.1m $3.8m $3.3m $3.2m $2.1m $2.5m $3.0m
Goodwill, Impairment Loss — $150k $0 $0 — — — — — —
Gain (Loss) on Disposition of Property Plant Equipment — — — — — — — — — $7.0m
Income (Loss) from Equity Method Investments ($354k) — — — — — — — — —
Income Tax Expense (Benefit) $22.4m $31.7m $18.3m $19.1m $19.3m $21.3m $19.5m $8.3m ($10.8m) $15.2m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets ($630k) $8.8m $7.5m $28.0m $57.7m ($38.9m) $30.8m $3.0m $11.1m ($8.5m)
Provision for Loan, Lease, and Other Losses $5.7m $2.6m $1.6m $1.6m $11.7m ($4.6m) ($1.4m) $3.5m $2.4m $9.2m
Bank Owned Life Insurance Income $2.7m $2.2m $2.2m $2.4m $2.5m $2.9m $2.6m $3.5m $3.0m $3.3m
Increase (Decrease) in Other Operating Liabilities ($7.2m) $5.3m $9.3m $31.6m $49.3m ($39.7m) $34.1m ($11.5m) $7.2m ($939k)
Gain (Loss) on Sales of Loans, Net $13.1m $11.0m $9.7m $14.3m $48.0m $28.2m $6.7m $4.5m $8.8m $10.0m
Debt and Equity Securities, Gain (Loss) — — — ($53k) $0 $0 — — ($31.0m) $0
Equipment Expense $6.2m $5.4m $4.3m $4.1m $3.8m $3.9m $3.8m $4.3m $3.8m $3.6m
Financing Receivable Transfer To Held For Sale Valuation Allowance Expense — — — — — — — — $62.9m $0
Gain (Loss) on Sale of Properties — — — — — — — — $988k $7.0m
Goodwill $64.1m $63.9m $63.9m $63.9m $63.9m $63.9m $63.9m $63.9m $63.9m $63.9m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment — — — — — — — — — ($6.4m)
Derivative, Gain (Loss) on Derivative, Net $0 — — — — — — — — —
Gain (Loss) on Derivative Instruments, Net, Pretax $3.2m $3.2m $2.5m $4.0m $4.0m $4.3m $2.8m $1.4m $467k $2.1m
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $0 ($499k) ($131k) ($121k) ($867k) — — — — —
Net Cash Provided by (Used in) Operating Activities $58.7m $59.4m $82.9m $73.4m $36.5m $100.8m $113.0m $31.6m $57.7m $80.3m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $3.1m $2.8m $4.0m $3.1m $3.4m $3.5m $6.1m $5.0m $4.0m $2.0m
Payments to Acquire Businesses, Net of Cash Acquired $0 $0 — — — — — — — —
Net Cash Provided by (Used in) Investing Activities ($625.4m) ($179.7m) ($481.8m) ($160.1m) ($264.2m) ($240.9m) ($999.0m) ($550.8m) $231.3m $305.4m
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $65.7m $84.4m $83.2m $147.6m $351.2m $337.8m $116.1m $71.7m $71.2m $84.8m
Proceeds from Issuance of Common Stock — — — — — — — — $70.5m $0
Payments for Repurchase of Common Stock — — — — $4.3m $0 $9.5m $8.8m $0 $7.4m
Dividends paid $24.6m $26.3m $29.3m $34.2m $35.5m $36.3m $37.6m $38.6m $38.4m $43.3m
Payments of Dividends $24.6m $26.3m $29.3m $34.2m $35.5m $36.3m $37.6m $38.6m $38.4m $43.3m
Other Interest and Dividend Income $322k $674k $1.0m $1.7m $459k $181k $1.6m $5.0m $7.0m $5.8m
Net Cash Provided by (Used in) Financing Activities $576.8m $95.4m $409.5m $131.7m $291.6m $116.3m $826.0m $491.0m ($265.3m) ($395.9m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — $63.8m ($23.8m) ($60.1m) ($28.2m) $23.7m ($10.2m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $202.3m $178.5m $118.4m $90.2m $113.9m $103.7m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — $64.5m $45.3m $18.3m $32.1m $156.6m $217.2m $173.9m
Income Taxes Paid, Net — — — — — — — — — ($142k)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.