WTBF.B Stock Overview

Operates as the bank holding company for Washington Trust Bank that provides banking, fiduciary, asset management, mortgage banking, and other financial services to corporate and individual customers in the United States. More details

WTBF.B fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	1/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 38.4% below our estimate of its fair value

Pays a reliable dividend of 2.41%

Risk Analysis

Earnings have declined by 2.9% per year over past 5 years

Profit margins (13.6%) are lower than last year (24.4%)

My Notes

Capture your thoughts, links and company narrative

W.T.B. Financial Corporation Competitors

Independent Bank

NasdaqGS:IBCP

US$724.8m

Hanmi Financial

NasdaqGS:HAFC

US$701.4m

MetroCity Bankshares

NasdaqGS:MCBS

US$811.6m

Central Pacific Financial

NYSE:CPF

US$778.9m

Price History & Performance

Summary of share price highs, lows and changes for W.T.B. Financial
Historical stock prices
Current Share Price	US$307.00
52 Week High	US$309.74
52 Week Low	US$237.00
Beta	0.42
1 Month Change	1.32%
3 Month Change	4.02%
1 Year Change	0.33%
3 Year Change	-20.26%
5 Year Change	-19.84%
Change since IPO	752.78%

Recent updates

Shareholder Returns

	WTBF.B	US Banks	US Market
7D	2.3%	0.8%	0.6%
1Y	0.3%	29.4%	23.7%

Return vs Industry: WTBF.B underperformed the US Banks industry which returned 29.4% over the past year.

Return vs Market: WTBF.B underperformed the US Market which returned 23.8% over the past year.

Price Volatility

Is WTBF.B's price volatile compared to industry and market?
WTBF.B volatility
WTBF.B Average Weekly Movement	1.5%
Banks Industry Average Movement	5.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.5%
10% least volatile stocks in US Market	3.1%

Stable Share Price: WTBF.B has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: WTBF.B's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1902	1,184	Pete Stanton	www.watrust.com

W.T.B. Financial Corporation operates as the bank holding company for Washington Trust Bank that provides banking, fiduciary, asset management, mortgage banking, and other financial services to corporate and individual customers in the United States. The company offers deposit products, including checking, savings, money market, health savings, retirement, and individual retirement accounts, as well as certificates of deposit. It also provides credit and debit cards; personal loans, such as auto and toy, personal lines of credit and term, home equity line of credit, and home equity loans; home loans; business loans comprising equipment lending, commercial real estate, agricultural, and SBA lending; mortgage loans, including first-time home buyers loans, manufactured home loans, refinance, and jumbo loans.

W.T.B. Financial Corporation Fundamentals Summary

How do W.T.B. Financial's earnings and revenue compare to its market cap?
WTBF.B fundamental statistics
Market cap	US$774.64m
Earnings (TTM)	US$43.87m
Revenue (TTM)	US$323.36m

17.5x

P/E Ratio

0.8x

P/B Ratio

Is WTBF.B overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WTBF.B income statement (TTM)
Revenue	US$323.36m
Cost of Revenue	US$0
Gross Profit	US$323.36m
Other Expenses	US$279.50m
Earnings	US$43.87m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	17.49
Gross Margin	100.00%
Net Profit Margin	13.57%
Debt/Equity Ratio	192.6%

How did WTBF.B perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

42%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/29 14:03
End of Day Share Price	2024/12/27 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

W.T.B. Financial Corporation is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution