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. The company's deposit products include checking, savings and money market, health savings, individual retirement, and analyzed 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 products, as well as revolving, personal, and home equity lines of credit. In addition, the company provides investment products and 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, 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. It operates through 42 branches and offices in Washington, Idaho, and Oregon. The company was founded in 1902 and is headquartered in Spokane, Washington.

W.T.B. Financial Corporation

Community driven. Fun. Energetic. Relationship centric. Most likely, when you think of the banking industry these are not terms that come to mind. Washington Trust Bank is different, and we are proud of that difference. We are enthusiastic and passionate about providing rewarding careers and excited about building relationships in the communities we serve.  

We’re an equal opportunity employer offering a comprehensive benefits program and pride ourselves on being an excellent place to work, meeting the financial needs of our individual, business and wealth management clients.

Washington Trust Bank

Making an end-of-year donation? Don't get stung by a charity scam! This time of year, fraudsters often attempt to intercept charitable transactions by impersonating a person in need or an organization offering help. Nonprofit organizations and charities are common targets. Here's what to do to remain on the lookout for these types of scams:

-Verify the organization you are donating to by using resources like www.charitynavigator.org (Charity Navigator) www.give.org (BBB Wise Giving Alliance).

-Double check for misspellings in web addresses, names and other information appearing on a web page. For example, look for the .org extension on a website instead of a .com extension.
 
-Use third-party payment services like PayPal or a credit card to complete transactions. That way, it will be easier to stop, reverse or track your transaction if fraud is suspected.

-Avoid donating on sites like GoFundMe, where anyone can set up a fundraising request without clear, verified identification.

Visit www.watrust.com/security for more cybersecurity tips.

Gearing up for 2024, business leaders are paying close attention to the commercial real estate market. In an article with Portland Business Journal, Alisa Johnston, senior vice president and commercial banking team leader for Washington Trust Bank, makes predictions for the new year, discusses some of the challenges facing the industry, and offers advice for businesses and building operators anticipating a fresh start. Read more:

What's it like to work with a Washington Trust Bank home loan team member? With competitive rates, no hidden fees and a local team ready to help, the only decision left is which mortgage option is right for you.

Learn more: https://lnkd.in/guy6F-BP.

- with Jeff Berglund

Online purchase scams are on the rise! Have you seen a deal that seems too good to be true? That just might be the case. Some scammers will attempt to steal your money directly by posting fake websites that ask for your credit card or other payment or personal information. To avoid online purchase scams, verify the seller by checking the review on a product or by seeing if you can find the same deal multiple ways (such as a Google search in addition to that Facebook ad). You can also use the Better Business Bureau's online scam tracker at www.bbb.org/scamtracker to verify a website's link, sales and return policy before you make a purchase. 

For more cybersecurity tips, visit www.watrust.com/security.

Robert Harvie has joined Washington Trust Bank's Commercial Banking team in Bellevue! With over 20 years of financial industry experience, Robert “Harv” Harvie will serve as Senior Vice President and Commercial Banking Team Leader. In this role, Harv will lead our team of relationship managers and build upon our ability to serve as a financial partner for commercial clients. 

With his commercial banking leadership and experience, the addition of Harv to the team will allow Washington Trust to continue its organic growth and expansion in the east Puget Sound region.

Having spent most of his career in western Washington, Harv has close ties to the area and a passion for building relationships with clients to help them achieve their goals. Outside the office, he enjoys giving back to the community and serves as a board member for Boys & Girls Clubs of Bellevue.

Harv graduated from Western Washington University in Bellingham, where he earned a bachelor's degree in business administration with an emphasis in management. 

Welcome to the team, Harv!

While the holiday season is one of joy and giving, it's important to remember that fraudsters never take a day off. Modern-day grinches are out there, and they'll do their best to steal your season's greetings.

As a proactive financial partner for the Northwest, Washington Trust Bank’s holiday wish is to keep you and your money safe from criminals. We'll be highlighting some of the most common scams we see this time of year and sharing tips for how to avoid them, beginning with package delivery scams.

In addition to those pesky porch pirates – the ones who'll swipe a box right in front of your door – cybercriminals may attempt to impersonate Santa by sending fake package delivery emails, redirection requests, tracking links and more. They're really after your personal information and will ask you to verify details such as your name and address. 

Suspicious links can direct you to phishing sites or even install malware on your computer. According to the Federal Trade Commission, package delivery scams were one of the top-reported text scams in 2022. 

Here are a few tips for avoiding package delivery scams this year:

1. Verify the Sender – Make sure the email, phone number, text, or website you are being directed to is legitimate. Double check links against verified web addresses from your web browser before you click, and don't forget to first hover your mouse over the link. This will tell you where the link is really sending you. Do not assume Caller ID is valid! Information like phone numbers and email addresses can usually be verified on legitimate websites or with the company’s customer service team.

2. Beware of Red Flags – Unusual links, errors in spelling, grammar, or claims of transactions on your accounts with pressure tactics like, “URGENT: Reply Now” are all indicators that the message is likely a scam. 

3. Never Provide Sensitive Information – Legitimate businesses like delivery and fulfilment services will never ask you for personal information over the phone or email. If you get a call requesting sensitive information, hang up and call the number on the website or the one that’s provided on your order receipt or statement.

For more cybersecurity tips, visit www.watrust.com/security.

Are your gifts sitting under a real or artificial tree? Banks never ask that! Remember: any text you get asking for personal information is faker than any tree could ever be. For more fraud prevention advice, visit www.watrust.com/security 

#BanksNeverAskThat

What's it like to work with a Washington Trust Bank home loan team member? With competitive rates, no hidden fees and a local team ready to help, the only decision left is which mortgage option is right for you.

Learn more: https://lnkd.in/guy6F-BP

#ICYMI - The labor participation rate among women is rising, while it's stagnating among men. Steve Scranton, chief investment officer and economist for Washington Trust Bank, is Elevating the Conversation with Spokane Journal of Business.

#womeninbusiness

Washington Trust Bank has been named one of Oregon's Most Admired Companies in 2023 by the Portland Business Journal! This year's rankings were determined by a survey of over 3,700 executives and business leaders in Oregon and southwest Washington. 

At Washington Trust, we pride ourselves on service and strive to be a true financial partner for customers and business clients in Oregon and across the Northwest. Thank you to everyone who participated in this year’s survey! We are honored to be included in such a prestigious list.

Oregon's Most Admired Companies: Financial Services - https://lnkd.in/dFiap9cB.

	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	194.33M -	209.99M 8.06%	227.85M 8.51%	257.84M 13.16%	286.48M 11.11%	322.65M 12.63%	354.84M 9.98%	357.91M 0.86%	401.80M 12.27%	495.10M 23.22%
cost of revenue						22.50M -	48.21M 114.31%
gross profit	194.33M -	209.99M 8.06%	227.85M 8.51%	257.84M 13.16%	286.48M 11.11%	300.15M 4.77%	306.63M 2.16%	357.91M 16.72%	401.80M 12.27%	495.10M 23.22%
selling and marketing expenses	4.62M -	5.32M 15.18%	4.63M 12.99%	6.75M 45.90%	5.28M 21.85%	5.47M 3.63%	5.21M 4.78%	6.08M 16.77%	7.64M 25.66%
general and administrative expenses	19.89M -	19.25M 3.22%	19.61M 1.85%	21.87M 11.56%	24.12M 10.26%	24.41M 1.20%	26.23M 7.47%	29.09M 10.90%	31.92M 9.74%
selling general and administrative expenses	113.11M -	120.20M 6.27%	125.89M 4.73%	144.66M 14.91%	155.71M 7.64%	166.65M 7.03%	183.77M 10.28%	200.96M 9.35%	218.95M 8.95%
research and development expenses
other expenses						-54.04M -	-52.98M 1.96%			-78.28M -
cost and expenses	130.54M -	140.37M 7.53%	148.43M 5.74%	169.77M 14.38%	182.04M 7.23%	215.91M 18.61%	256.95M 19.01%	229.91M 10.52%	256.03M 11.36%	423.96M 65.59%
operating expenses	130.54M -	140.37M 7.53%	148.43M 5.74%	169.77M 14.38%	182.04M 7.23%	54.04M 70.31%	52.98M 1.96%	229.91M 333.95%	256.03M 11.36%	78.28M 69.43%
interest expense						2.45M -				67.93M -
ebitda	-3.64M -	-3.07M 15.47%	-2.58M 16.10%	-2.38M 7.61%	-2.44M 2.24%	-885.28K 63.67%	-2.77M 213.27%	-5.78M 108.26%	-4.33M 24.95%
operating income	67.01M -	72.55M 8.27%	82.00M 13.02%	90.46M 10.31%	106.87M 18.15%	107.62M 0.70%	100.66M 6.47%	133.77M 32.89%	150.11M 12.22%	416.83M 177.68%
depreciation and amortization	-67.01M -	-72.55M 8.27%	-82.00M 13.02%	-90.46M 10.31%	-106.87M 18.15%	7.91M 107.40%	8.26M 4.47%	-133.77M 1,719.11%	-150.11M 12.22%
total other income expenses net	-3.22M -	-2.93M 8.89%	-2.58M 12.06%	-2.38M 7.61%	-2.44M 2.24%	106.74M 4,480.94%	97.89M 8.29%	-5.78M 105.90%	-4.33M 24.95%	71.14M 1,741.27%
income before tax	63.79M -	69.62M 9.14%	79.42M 14.08%	88.07M 10.89%	104.44M 18.58%	106.74M 2.21%	97.89M 8.29%	128.00M 30.76%	145.78M 13.89%	71.14M 51.20%
income tax expense	21.93M -	23.26M 6.09%	27.70M 19.06%	46.28M 67.08%	21.38M 53.80%	23.45M 9.71%	21.58M 8.00%	27.97M 29.60%	31.72M 13.44%	15.29M 51.81%
net income	41.45M -	46.22M 11.51%	51.73M 11.92%	41.80M 19.20%	83.06M 98.71%	83.28M 0.28%	76.31M 8.37%	100.03M 31.08%	114.05M 14.02%	55.85M 51.03%
weighted average shs out	2.56M -	2.57M 0.37%	2.55M 0.65%	2.55M 0.21%	2.55M 0.03%	2.55M 0.04%	2.54M 0.67%	2.54M 0.12%	2.52M 0.79%	2.50M 0.56%
weighted average shs out dil	2.56M -	2.57M 0.37%	2.55M 0.64%	2.55M 0.19%	2.56M 0.29%	2.56M 0.17%	2.54M 0.76%	2.54M 0.01%	2.52M 0.77%	2.51M 0.52%
eps	16.21 -	18.01 11.10%	20.29 12.66%	16.36 19.37%	32.52 98.78%	32.62 0.31%	30.09 7.76%	39.40 30.94%	45.28 14.92%	22.30 50.75%
epsdiluted	16.21 -	18.01 11.10%	20.29 12.66%	16.36 19.37%	32.42 98.17%	32.56 0.43%	30.06 7.68%	39.40 31.07%	45.28 14.92%	22.29 50.77%

COM:WATRUST

Watrust

Last Close

305.00

31/03 19:54

Market Cap

611.34M

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2.36K

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