W.T.B. Financial
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 Washington, Idaho, and Oregon. The last earnings update was 89 days ago. More info.
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WTBF.B Share Price and Events
7 Day Returns
1 Year Returns
WTBF.B Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| W.T.B. Financial (WTBF.B) | 0.2% | 0.6% | -3% | -5% | 78.8% | 110.1% |
| US Banks | -0.6% | 2.9% | -1.2% | -7.3% | 44.2% | 45.2% |
| US Market | -0.3% | 2.9% | 2.1% | 3.4% | 36.2% | 41.3% |
1 Year Return vs Industry and Market
- WTBF.B outperformed the Banks industry which returned -7.3% over the past year.
- WTBF.B underperformed the Market in United States of America which returned 3.4% over the past year.
WTBF.B Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
W.T.B. Financial
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for W.T.B. Financial.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $208.36 * 9.9% |
$20.73 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | $208.36 |
| Discount Rate (Cost of Equity) | See below | 7.6% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.59 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.595 (1 + (1- 21%) (26.23%)) |
0.811 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.81 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.811 * 5.96%) |
7.56% |
Discounted Cash Flow Calculation for OTCPK:WTBF.B using Excess Returns Model Model
The calculations below outline how an intrinsic value for W.T.B. Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (9.9% – 7.56%) * $208.36) |
$4.97 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $4.97 / (7.56% - 2.73%) |
$102.80 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $208.36 + $102.80 |
$311.16 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $311.16 |
| Current discount | Discount to share price of
$362.90
= -1 x ($362.90 - $311.16) / $311.16 |
-16.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of W.T.B. Financial is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for W.T.B. Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
W.T.B. Financial's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $33.01 |
| OTCPK:WTBF.B Share Price ** | OTCPK (2019-07-18) in USD | $362.9 |
| United States of America Banks Industry PE Ratio | Median Figure of 594 Publicly-Listed Banks Companies | 12.69x |
| United States of America Market PE Ratio | Median Figure of 3,083 Publicly-Listed Companies | 17.88x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of W.T.B. Financial.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = OTCPK:WTBF.B Share Price ÷ EPS (both in USD) = 362.9 ÷ 33.01 |
10.99x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- W.T.B. Financial is good value based on earnings compared to the US Banks industry average.
- W.T.B. Financial is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
W.T.B. Financial's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 10.99x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
1.6%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 271 Publicly-Listed Banks Companies | 1.22x |
| United States of America Market PEG Ratio | Median Figure of 2,124 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for W.T.B. Financial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
W.T.B. Financial's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $245.15 |
| OTCPK:WTBF.B Share Price * | OTCPK (2019-07-18) in USD | $362.9 |
| United States of America Banks Industry PB Ratio | Median Figure of 594 Publicly-Listed Banks Companies | 1.2x |
| United States of America Market PB Ratio | Median Figure of 5,245 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = OTCPK:WTBF.B Share Price ÷ Book Value per Share (both in USD) = 362.9 ÷ 245.15 |
1.48x |
* Primary Listing of W.T.B. Financial.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- W.T.B. Financial is overvalued based on assets compared to the US Banks industry average.
Value checks
We assess W.T.B. Financial's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) W.T.B. Financial has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
WTBF.B Future Performance
- No analysts cover W.T.B. Financial, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- W.T.B. Financial's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
- W.T.B. Financial's earnings growth is positive but not above the United States of America market average.
- Unable to compare W.T.B. Financial's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| OTCPK:WTBF.B Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 1.6% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 2% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.1% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 289 | 84 | |
| 2018-12-31 | 285 | 121 | 83 |
| 2018-09-30 | 277 | 56 | |
| 2018-06-30 | 271 | 53 | |
| 2018-03-31 | 263 | 48 | |
| 2017-12-31 | 256 | 78 | 42 |
| 2017-09-30 | 245 | 57 | |
| 2017-06-30 | 238 | 54 | |
| 2017-03-31 | 233 | 53 | |
| 2016-12-31 | 228 | 45 | 52 |
| 2016-09-30 | 226 | 53 | |
| 2016-06-30 | 220 | 51 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from W.T.B. Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 33.01 |
| 2018-12-31 | 32.52 |
| 2018-09-30 | 22.01 |
| 2018-06-30 | 20.78 |
| 2018-03-31 | 18.70 |
| 2017-12-31 | 16.42 |
| 2017-09-30 | 22.36 |
| 2017-06-30 | 21.08 |
| 2017-03-31 | 20.67 |
| 2016-12-31 | 20.33 |
| 2016-09-30 | 20.75 |
| 2016-06-30 | 19.98 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if W.T.B. Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess W.T.B. Financial's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
W.T.B. Financial has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
WTBF.B Past Performance
How has W.T.B. Financial performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- W.T.B. Financial's year on year earnings growth rate has been positive over the past 5 years.
- W.T.B. Financial's 1-year earnings growth exceeds its 5-year average (77.1% vs 12.8%)
- W.T.B. Financial's earnings growth has exceeded the US Banks industry average in the past year (77.1% vs 40.8%).
Earnings and Revenue History
All data from W.T.B. Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 289.09 | 84.38 | 155.37 | |
| 2018-12-31 | 284.56 | 83.06 | 153.79 | |
| 2018-09-30 | 277.20 | 56.17 | 152.80 | |
| 2018-06-30 | 271.13 | 52.98 | 149.94 | |
| 2018-03-31 | 263.27 | 47.63 | 146.28 | |
| 2017-12-31 | 255.91 | 41.80 | 142.72 | |
| 2017-09-30 | 245.44 | 56.87 | 137.48 | |
| 2017-06-30 | 238.45 | 53.57 | 136.31 | |
| 2017-03-31 | 232.74 | 52.54 | 133.42 | |
| 2016-12-31 | 227.85 | 51.73 | 125.89 | |
| 2016-09-30 | 225.82 | 52.81 | 126.13 | |
| 2016-06-30 | 219.91 | 50.88 | 123.00 | |
| 2016-03-31 | 215.70 | 48.93 | 121.94 | |
| 2015-12-31 | 209.99 | 46.22 | 120.20 | |
| 2015-09-30 | 203.06 | 43.09 | 118.95 | |
| 2015-06-30 | 199.47 | 42.24 | 116.96 | |
| 2015-03-31 | 197.71 | 42.33 | 114.78 | |
| 2014-12-31 | 194.33 | 41.45 | 113.11 | |
| 2014-09-30 | 189.36 | 37.11 | 112.69 | |
| 2014-06-30 | 186.59 | 36.70 | 111.17 | |
| 2014-03-31 | 185.54 | 36.70 | 109.88 | |
| 2013-12-31 | 192.97 | 42.07 | 108.11 | |
| 2013-09-30 | 192.30 | 43.51 | 102.69 | |
| 2013-06-30 | 190.17 | 42.62 | 100.53 | |
| 2013-03-31 | 178.21 | 36.34 | 97.43 | |
| 2012-12-31 | 159.60 | 26.02 | 95.19 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- W.T.B. Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- W.T.B. Financial used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if W.T.B. Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess W.T.B. Financial's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
W.T.B. Financial has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
WTBF.B Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from W.T.B. Financial Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 627.25 | 244.90 | 557.96 |
| 2018-12-31 | 602.66 | 259.86 | 825.39 |
| 2018-09-30 | 567.25 | 242.44 | 757.13 |
| 2018-06-30 | 553.13 | 252.28 | 739.76 |
| 2018-03-31 | 538.06 | 222.55 | 956.03 |
| 2017-12-31 | 530.79 | 222.14 | 825.41 |
| 2017-09-30 | 540.07 | 246.37 | 545.07 |
| 2017-06-30 | 525.97 | 219.20 | 235.10 |
| 2017-03-31 | 508.93 | 232.79 | 373.23 |
| 2016-12-31 | 496.29 | 211.46 | 400.34 |
| 2016-09-30 | 502.11 | 194.52 | 386.98 |
| 2016-06-30 | 494.84 | 150.98 | 176.79 |
| 2016-03-31 | 480.92 | 167.11 | 195.50 |
| 2015-12-31 | 464.41 | 265.34 | 497.45 |
| 2015-09-30 | 452.82 | 292.26 | 444.62 |
| 2015-06-30 | 460.95 | 228.88 | 294.96 |
| 2015-03-31 | 451.88 | 214.73 | 422.36 |
| 2014-12-31 | 441.60 | 206.94 | 414.33 |
| 2014-09-30 | 468.25 | 188.52 | 557.83 |
| 2014-06-30 | 460.24 | 191.14 | 355.89 |
| 2014-03-31 | 446.87 | 209.37 | 282.37 |
| 2013-12-31 | 438.07 | 172.53 | 365.28 |
| 2013-09-30 | 427.53 | 158.78 | 355.17 |
| 2013-06-30 | 417.58 | 195.57 | 77.86 |
| 2013-03-31 | 420.52 | 164.45 | 131.47 |
| 2012-12-31 | 458.27 | 181.29 | 110.22 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- W.T.B. Financial has an acceptable proportion of non-loan assets held.
- W.T.B. Financial's liabilities are made up of primarily low risk sources of funding.
- Loans at W.T.B. Financial are broadly funded by customer deposits.
- W.T.B. Financial's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
- W.T.B. Financial has a sufficient allowance for bad loans.
- W.T.B. Financial has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess W.T.B. Financial's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) W.T.B. Financial has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
WTBF.B Dividends
What is W.T.B. Financial's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
W.T.B. Financial
shares you are expected to receive
$39
in your first year as a dividend.
Dividend Amount
- W.T.B. Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- W.T.B. Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 479 Stocks | 3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-26 | 7.000 | 1.912 |
| 2018-11-20 | 4.600 | 1.338 |
| 2018-08-22 | 4.600 | 1.238 |
| 2018-05-23 | 4.600 | 1.218 |
| 2018-04-19 | 4.600 | 1.298 |
| 2017-11-15 | 3.360 | 0.964 |
| 2017-08-23 | 3.360 | 1.114 |
| 2017-05-23 | 3.360 | 1.171 |
| 2017-02-22 | 3.360 | 1.217 |
| 2016-12-07 | 3.000 | 1.166 |
| 2016-08-19 | 3.000 | 1.400 |
| 2016-05-31 | 3.000 | 1.458 |
| 2016-02-29 | 3.000 | 1.466 |
| 2015-12-04 | 2.720 | 1.398 |
| 2015-08-19 | 2.720 | 1.457 |
| 2015-05-26 | 2.720 | 1.454 |
| 2015-03-03 | 2.720 | 1.437 |
| 2014-12-19 | 2.400 | 1.331 |
| 2014-08-22 | 2.400 | 1.360 |
| 2014-05-28 | 2.400 | 1.390 |
| 2014-03-12 | 2.400 | 1.423 |
| 2013-11-19 | 1.600 | 0.967 |
| 2013-08-21 | 1.600 | 1.010 |
| 2013-07-23 | 1.600 | 1.038 |
| 2013-04-08 | 1.600 | 1.100 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, W.T.B. Financial has been paying a dividend for less than 10 years.
- Dividend payments have increased, but W.T.B. Financial only paid a dividend in the past 6 years.
Income/ dividend checks
We assess W.T.B. Financial's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can W.T.B. Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) W.T.B. Financial has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
WTBF.B Management
CEO
| AGE | 62 |
| TENURE AS CEO | 22.5 years |
CEO Bio
Mr. Peter F. Stanton, also known as Pete, has served as Chairman and CEO of Washington Trust Bank (“Bank”) since March of 2000. Prior to this, Mr. Stanton was President, Chief Executive Officer, & Chairman - January 1997, President and Chief Executive Officer - April 1993 and President of the Bank - April 1990. Mr. Stanton also serves as Chairman of the Board for W.T.B. Financial Corporation and has been its Chief Executive Officer and President since 1997. He is a Board Member for Inland Northwest Council, Boy Scouts of America and serves on The Washington Roundtable. In addition to holding positions on numerous Civic Boards, Mr. Stanton was President of the Washington Bankers Association from 1995 to 1996 and State Chairman of the American Bankers Association for 1997 and 1998. Mr. Stanton is also the Chairman of the Advisory Board of the Boys & Girls Clubs of Spokane County and serves on the Board of Trustees of Gonzaga University. Mr. Stanton holds a Bachelor's degree in Finance from the University of Oregon, an MBA in Accounting and Business Economics from the University of Washington and an Advanced Banking Degree, with honors, from the Stonier Graduate School of Banking at the University of Delaware.
CEO Compensation
- Insufficient data for Pete to compare compensation growth.
- Insufficient data for Pete to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure
Average tenure of the W.T.B. Financial management team in years:
- The average tenure for the W.T.B. Financial management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Pete Stanton
Chairman
62
22.5 yrs
Jack Heath
Executive VP
Larry Sorensen
Senior VP & CFO
59
11.5 yrs
Allison Rubino
Financial Accountant III
10.3 yrs
Burke Jackowich
Senior VP
Teri Van Noy
Senior Vice President
David Terrell
Senior Vice President of Marketing & Development - Washington Trust Bank
Paul Koenigs
Senior Vice President of Credit Administration-Washington Trust Bank
Scott Luttinen
President - Western Washington Region & EVP - Commercial -Washington Trust Bank
Linda Williams
President of Oregon Region of Commercial Banking-Washington Trust Bank
Board of Directors
Jack Heath
Executive VP
Steven Helmbrecht
Director
Pete Stanton
Chairman
62
Chris Ackerley
Director
50
2.3 yrs
John Luger
Director
2.3 yrs
Molly Hurley
Director of Washington Trust Bank
Dennis Murphy
Director of Washington Trust Bank
Nancy Wallace
Director of Washington Trust Bank
Jeff Wright
Director of Washington Trust Bank
Mike Lee
Director of Washington Trust Bank
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess W.T.B. Financial's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) W.T.B. Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
WTBF.B Company Info
Description
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 Washington, Idaho, and Oregon. The company accepts checking, savings and money market, health savings, individual retirement, analyzed, and sweep cash accounts, as well as certificates of deposit. It also offers credit and debit cards; home, auto, boat, motorcycle, motor home, home equity, equipment, debt refinancing, term, and agriculture loans; and SBA and commercial real estate financing, as well as revolving, personal, and home equity lines of credit. In addition, the company provides investment services, such as retirement planning, mutual funds, stocks/bonds, life/long-term care insurance, annuities, brokerage, planning, and education funding. Further, it offers wealth management services consisting of investment management, charitable and nonprofit administration, estate settlement, family office services, trust administration, retirement planning, employee benefits administration, and custody services, as well as portfolio management services. Additionally, the company provides digital wallets; remote deposit, merchant, treasury management, private banking, and online and mobile banking services; and documentary and standby letters of credit, documentary collection, foreign exchange products, foreign accounts receivable insurance, and SBA export loan guaranty programs. As of February 26, 2019, it operated 42 branches and offices in Washington, Idaho, and Oregon. W.T.B. Financial Corporation was founded in 1902 and is headquartered in Spokane, Washington.
Details
| Name: | W.T.B. Financial Corporation |
| WTBF.B | |
| Exchange: | OTCPK |
| Founded: | 1902 |
| $933,517,154 | |
| 2,569,481 | |
| Website: | http://www.watrust.com |
| Address: |
W.T.B. Financial Corporation Washington Trust Financial Center, PO Box 2127, Spokane, Washington, 99201, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| OTCPK | WTBF.B | Class B Common Stock | Pink Sheets LLC | US | USD | 11. Jun 1998 | |
| OTCPK | WTBF.A | Class A Common Stock | Pink Sheets LLC | US | USD | 28. Sep 1995 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/18 23:49 |
| End of day share price update: | 2019/07/18 00:00 |
| Last earnings filing: | 2019/04/20 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
