Washington Tr Bancorp Inc Financials

WASH

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Weak

2/9

Washington Tr Bancorp Inc passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

-2.06x

For every $1 of reported earnings, Washington Tr Bancorp Inc generates $-2.06 in operating cash flow ($57.7M OCF vs -$28.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Washington Tr Bancorp Inc (WASH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$100.7M

YoY-47.9%

5Y CAGR-12.9%

10Y CAGR-1.8%

Washington Tr Bancorp Inc generated $100.7M in revenue in fiscal year 2024. This represents a decrease of 47.9% from the prior year.

EBITDA

N/A

Free Cash Flow

$53.7M

YoY+102.1%

5Y CAGR-5.3%

Washington Tr Bancorp Inc generated $53.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 102.1% from the prior year.

Net Income

-$28.1M

YoY-158.2%

Washington Tr Bancorp Inc reported -$28.1M in net income in fiscal year 2024. This represents a decrease of 158.2% from the prior year.

EPS (Diluted)

$-1.63

YoY-157.8%

Washington Tr Bancorp Inc earned $-1.63 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 157.8% from the prior year.

Cash & Debt

$113.9M

YoY+26.3%

5Y CAGR-3.8%

10Y CAGR+3.5%

Washington Tr Bancorp Inc held $113.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$2.24

YoY+0.0%

5Y CAGR+2.3%

10Y CAGR+6.3%

Washington Tr Bancorp Inc paid $2.24 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

19M

YoY+13.2%

5Y CAGR+2.1%

10Y CAGR+1.4%

Washington Tr Bancorp Inc had 19M shares outstanding in fiscal year 2024. This represents an increase of 13.2% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-27.9%

YoY-52.8pp

5Y CAGR-62.3pp

10Y CAGR-61.6pp

Washington Tr Bancorp Inc's net profit margin was -27.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 52.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

YoY-100.0%

Washington Tr Bancorp Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

$4.0M

YoY-20.7%

5Y CAGR+5.0%

10Y CAGR-2.6%

Washington Tr Bancorp Inc invested $4.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 20.7% from the prior year.

WASH Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$100.7M-47.9%	$193.2M-11.6%	$218.6M-4.5%	$228.8M+0.9%	$226.9M+13.2%	$200.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$212.2M+23.7%	$171.6M+345.9%	$38.5M+132.3%	$16.6M-61.0%	$42.5M-33.9%	$64.2M
Income Tax	-$10.8M-229.5%	$8.3M-57.4%	$19.5M-8.6%	$21.3M+10.3%	$19.3M+1.4%	$19.1M
Net Income	-$28.1M-158.2%	$48.2M-32.8%	$71.7M-6.8%	$76.9M+10.1%	$69.8M+1.0%	$69.1M
EPS (Diluted)	$-1.63-157.8%	$2.82-31.4%	$4.11-6.4%	$4.39+9.7%	$4.00+1.0%	$3.96

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$56.5M+4.1%	$54.3M-8.1%	$59.1M+21.7%	$48.5M+0.6%	$48.2M-1.2%	$48.8M+6.2%	$46.0M-6.2%	$49.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$42.1M+1.1%	$41.7M-3.2%	$43.0M-22.2%	$55.3M+1.7%	$54.4M+1.5%	$53.6M+4.5%	$51.3M+9.2%	$47.0M
Income Tax	$3.1M-20.3%	$3.9M+11.4%	$3.5M+22.5%	$2.8M-5.7%	$3.0M+6.8%	$2.8M+465.5%	-$774K-126.5%	$2.9M
Net Income	$10.8M-18.1%	$13.2M+8.8%	$12.2M+10.9%	$11.0M+1.5%	$10.8M-1.1%	$10.9M-15.5%	$12.9M+16.0%	$11.2M
EPS (Diluted)	$0.56-17.6%	$0.68+7.9%	$0.63-1.6%	$0.64+1.6%	$0.63-1.6%	$0.64-16.9%	$0.77+18.5%	$0.65

WASH Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$6.9B-3.8%	$7.2B+8.2%	$6.7B+13.8%	$5.9B+2.4%	$5.7B+7.9%	$5.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$113.9M+26.3%	$90.2M-23.8%	$118.4M-33.7%	$178.5M-11.8%	$202.3M+46.1%	$138.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$63.9M0.0%	$63.9M0.0%	$63.9M0.0%	$63.9M0.0%	$63.9M0.0%	$63.9M
Total Liabilities	$6.4B-4.4%	$6.7B+8.4%	$6.2B+17.4%	$5.3B+2.1%	$5.2B+8.1%	$4.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$499.7M+5.7%	$472.7M+4.2%	$453.7M-19.7%	$564.8M+5.7%	$534.2M+6.1%	$503.5M
Retained Earnings	$434.0M-13.5%	$501.9M+2.0%	$492.0M+7.4%	$458.3M+9.6%	$418.2M+7.1%	$390.4M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$6.7B-0.4%	$6.7B+2.4%	$6.6B-5.0%	$6.9B-3.5%	$7.2B-0.9%	$7.2B+0.6%	$7.2B+0.3%	$7.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$192.3M+14.7%	$167.7M+39.5%	$120.2M+5.6%	$113.9M+5.9%	$107.5M+1.8%	$105.6M+17.1%	$90.2M-20.2%	$113.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$63.9M0.0%	$63.9M0.0%	$63.9M0.0%	$63.9M0.0%	$63.9M0.0%	$63.9M0.0%	$63.9M0.0%	$63.9M
Total Liabilities	$6.2B-0.5%	$6.2B+2.5%	$6.1B-5.7%	$6.4B-4.2%	$6.7B-1.0%	$6.8B+0.8%	$6.7B-0.3%	$6.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$533.0M+1.0%	$527.5M+1.1%	$521.7M+4.4%	$499.7M+6.1%	$471.0M+0.9%	$466.9M-1.2%	$472.7M+9.6%	$431.4M
Retained Earnings	$437.5M0.0%	$437.5M+0.5%	$435.2M+0.3%	$434.0M-13.9%	$504.4M+0.2%	$503.2M+0.3%	$501.9M+0.7%	$498.5M

WASH Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$57.7M+82.5%	$31.6M-72.0%	$113.0M+12.1%	$100.8M+176.4%	$36.5M-50.3%	$73.4M
Capital Expenditures	$4.0M-20.7%	$5.0M-17.8%	$6.1M+75.9%	$3.5M+2.5%	$3.4M+8.7%	$3.1M
Free Cash Flow	$53.7M+102.1%	$26.6M-75.2%	$106.9M+9.8%	$97.3M+194.3%	$33.1M-53.0%	$70.3M
Investing Cash Flow	$231.3M+142.0%	-$550.8M+44.9%	-$999.0M-314.7%	-$240.9M+8.8%	-$264.2M-65.0%	-$160.1M
Financing Cash Flow	-$265.3M-154.0%	$491.0M-40.6%	$826.0M+610.1%	$116.3M-60.1%	$291.6M+121.5%	$131.7M
Dividends Paid	$38.4M-0.6%	$38.6M+2.6%	$37.6M+3.6%	$36.3M+2.4%	$35.5M+3.8%	$34.2M
Share Buybacks	$0-100.0%	$8.8M-7.0%	$9.5M	$0-100.0%	$4.3M	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$39.6M+249.3%	$11.3M+34.2%	$8.4M-55.1%	$18.8M+68.3%	$11.2M+474.0%	$1.9M-83.3%	$11.7M-61.0%	$29.9M
Capital Expenditures	$344K-14.2%	$401K+355.7%	$88K-81.7%	$482K-70.2%	$1.6M+158.8%	$626K-58.9%	$1.5M+202.4%	$504K
Free Cash Flow	$39.3M+259.0%	$10.9M+30.8%	$8.4M-54.4%	$18.3M+91.8%	$9.6M+623.2%	$1.3M-86.9%	$10.1M-65.5%	$29.4M
Investing Cash Flow	$34.7M+132.1%	-$108.0M-130.1%	$359.0M+562.1%	$54.2M-13.3%	$62.5M+334.0%	-$26.7M+2.2%	-$27.3M+87.4%	-$216.7M
Financing Cash Flow	-$49.7M-134.5%	$144.1M+139.9%	-$361.1M-112.5%	-$169.9M-136.8%	-$71.7M-278.6%	$40.2M+660.9%	-$7.2M-104.2%	$171.5M
Dividends Paid	$10.8M-1.5%	$11.0M+1.7%	$10.8M+13.0%	$9.6M-1.7%	$9.7M+1.9%	$9.5M-0.2%	$9.6M+0.2%	$9.6M
Share Buybacks	$6.4M	N/A	N/A	$0	$0	$0-100.0%	$73K	$0

WASH Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-27.9%-52.8pp	24.9%-7.9pp	32.8%-0.8pp	33.6%+2.8pp	30.8%-3.7pp	34.5%
Return on Equity	N/A	10.2%-5.6pp	15.8%+2.2pp	13.6%+0.5pp	13.1%-0.7pp	13.7%
Return on Assets	-0.4%-1.1pp	0.7%-0.4pp	1.1%-0.2pp	1.3%+0.1pp	1.2%-0.1pp	1.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	12.87-1.4	14.24+0.6	13.68+4.3	9.36-0.3	9.69+0.2	9.51
FCF Margin	53.3%+39.6pp	13.7%-35.2pp	48.9%+6.4pp	42.5%+27.9pp	14.6%-20.5pp	35.1%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	19.2%-5.2pp	24.4%+3.8pp	20.6%-2.0pp	22.6%+0.2pp	22.4%+0.0pp	22.4%-5.8pp	28.2%+5.4pp	22.8%
Return on Equity	2.0%-0.5pp	2.5%+0.2pp	2.3%+0.1pp	2.2%-0.1pp	2.3%-0.0pp	2.3%-0.4pp	2.7%+0.2pp	2.6%
Return on Assets	0.2%-0.0pp	0.2%+0.0pp	0.2%+0.0pp	0.1%0.0pp	0.1%0.0pp	0.1%-0.0pp	0.2%+0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	11.60-0.2	11.79+0.2	11.62-1.2	12.87-1.4	14.25-0.3	14.53+0.3	14.24-1.4	15.65
FCF Margin	69.5%+49.4pp	20.2%+6.0pp	14.2%-36.2pp	50.4%+30.6pp	19.8%+17.1pp	2.7%-19.3pp	22.0%-37.9pp	59.9%

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Frequently Asked Questions

What is Washington Tr Bancorp Inc's annual revenue?

Washington Tr Bancorp Inc (WASH) reported $100.7M in total revenue for fiscal year 2024. This represents a -47.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Washington Tr Bancorp Inc's revenue growing?

Washington Tr Bancorp Inc (WASH) revenue declined by 47.9% year-over-year, from $193.2M to $100.7M in fiscal year 2024.

Is Washington Tr Bancorp Inc profitable?

No, Washington Tr Bancorp Inc (WASH) reported a net income of -$28.1M in fiscal year 2024, with a net profit margin of -27.9%.

What is Washington Tr Bancorp Inc's earnings per share (EPS)?

Washington Tr Bancorp Inc (WASH) reported diluted earnings per share of $-1.63 for fiscal year 2024. This represents a -157.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Washington Tr Bancorp Inc's net profit margin?

Washington Tr Bancorp Inc (WASH) had a net profit margin of -27.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Washington Tr Bancorp Inc pay dividends?

Yes, Washington Tr Bancorp Inc (WASH) paid $2.24 per share in dividends during fiscal year 2024.

What is Washington Tr Bancorp Inc's free cash flow?

Washington Tr Bancorp Inc (WASH) generated $53.7M in free cash flow during fiscal year 2024. This represents a 102.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Washington Tr Bancorp Inc's operating cash flow?

Washington Tr Bancorp Inc (WASH) generated $57.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Washington Tr Bancorp Inc's total assets?

Washington Tr Bancorp Inc (WASH) had $6.9B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Washington Tr Bancorp Inc's capital expenditures?

Washington Tr Bancorp Inc (WASH) invested $4.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Washington Tr Bancorp Inc have outstanding?

Washington Tr Bancorp Inc (WASH) had 19M shares outstanding as of fiscal year 2024.

What is Washington Tr Bancorp Inc's debt-to-equity ratio?

Washington Tr Bancorp Inc (WASH) had a debt-to-equity ratio of 12.87 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Washington Tr Bancorp Inc's return on assets (ROA)?

Washington Tr Bancorp Inc (WASH) had a return on assets of -0.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Washington Tr Bancorp Inc's Piotroski F-Score?

Washington Tr Bancorp Inc (WASH) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Washington Tr Bancorp Inc's earnings high quality?

Washington Tr Bancorp Inc (WASH) has an earnings quality ratio of -2.06x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.