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Complete financial analysis of W.T.B. Financial Corporation (WTBFA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of W.T.B. Financial Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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W.T.B. Financial Corporation (WTBFA)
About W.T.B. Financial Corporation
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 342.33M | 394.03M | 376.49M | 354.84M | 322.65M | 298.89M | 260.19M | 234.04M | 209.99M | 194.33M | 192.97M | 159.60M |
| Cost of Revenue | -152.77M | -7.77M | 18.58M | 48.21M | 22.50M | 12.41M | 2.34M | 6.19M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 495.10M | 401.80M | 357.91M | 306.63M | 300.15M | 286.48M | 257.84M | 227.85M | 209.99M | 194.33M | 192.97M | 159.60M |
| Gross Profit Ratio | 144.63% | 101.97% | 95.06% | 86.41% | 93.03% | 95.85% | 99.10% | 97.36% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 34.09M | 7.78M | 6.71M | 6.08M | 4.86M | 24.12M | 21.87M | 19.61M | 19.25M | 19.89M | 20.96M | 16.67M |
| Selling & Marketing | 6.63M | 7.64M | 6.08M | 5.21M | 5.47M | 5.28M | 6.75M | 4.63M | 5.32M | 4.62M | 4.25M | 4.11M |
| SG&A | 40.71M | 15.42M | 12.79M | 11.29M | 10.32M | 155.71M | 144.66M | 125.89M | 120.20M | 113.11M | 108.11M | 95.19M |
| Other Expenses | 342.33M | -73.42M | -60.65M | -52.98M | -54.04M | -53.03M | -49.26M | -35.38M | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 342.33M | 73.42M | 60.65M | 52.98M | 54.04M | 53.03M | 49.26M | 35.38M | 140.37M | 130.54M | 126.21M | 113.63M |
| Cost & Expenses | 342.33M | 248.26M | 248.49M | 256.95M | 215.91M | 194.46M | 172.11M | 154.62M | 140.37M | 130.54M | 126.21M | 113.63M |
| Interest Income | 437.86M | 335.85M | 308.64M | 287.47M | 274.35M | 247.88M | 211.05M | 185.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 152.77M | 12.73M | 9.58M | 15.21M | 19.30M | 11.63M | 4.28M | 3.94M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | -78.03M | 8.75M | 8.52M | 8.26M | 7.91M | 7.51M | 7.40M | 8.21M | -72.55M | -67.01M | -70.22M | -50.00M |
| EBITDA | -6.89M | 154.52M | 136.51M | 106.15M | 114.65M | 111.95M | 95.48M | 0.00 | -3.07M | -3.64M | -5.18M | -8.50M |
| EBITDA Ratio | -2.01% | -1.10% | -1.53% | -0.78% | -0.27% | -0.82% | -0.92% | -1.10% | -1.46% | -1.87% | -2.68% | -5.32% |
| Operating Income | 78.03M | 150.11M | 133.77M | 100.66M | 107.62M | 106.87M | 90.46M | 82.00M | 72.55M | 67.01M | 70.22M | 50.00M |
| Operating Income Ratio | 22.79% | 38.10% | 35.53% | 28.37% | 33.36% | 35.76% | 34.77% | 35.04% | 34.55% | 34.48% | 36.39% | 31.33% |
| Total Other Income/Expenses | -6.89M | -8.75M | -8.52M | -8.26M | -7.91M | -7.51M | -7.40M | -2.58M | -2.93M | -3.22M | -3.46M | -4.04M |
| Income Before Tax | 71.14M | 145.78M | 128.00M | 97.89M | 106.74M | 104.44M | 88.07M | 79.42M | 69.62M | 63.79M | 66.76M | 45.96M |
| Income Before Tax Ratio | 20.78% | 37.00% | 34.00% | 27.59% | 33.08% | 34.94% | 33.85% | 33.94% | 33.15% | 32.83% | 34.60% | 28.80% |
| Income Tax Expense | 15.29M | 31.72M | 27.97M | 21.58M | 23.45M | 21.38M | 46.28M | 27.70M | 23.26M | 21.93M | 22.97M | 15.48M |
| Net Income | 55.85M | 114.05M | 100.03M | 76.31M | 83.28M | 83.06M | 41.80M | 51.73M | 46.22M | 41.45M | 42.07M | 26.02M |
| Net Income Ratio | 16.31% | 28.95% | 26.57% | 21.51% | 25.81% | 27.79% | 16.06% | 22.10% | 22.01% | 21.33% | 21.80% | 16.31% |
| EPS | 22.30 | 45.32 | 39.46 | 30.09 | 32.62 | 32.52 | 16.42 | 20.33 | 18.01 | 16.21 | 16.52 | 10.25 |
| EPS Diluted | 22.29 | 45.28 | 39.40 | 30.06 | 32.56 | 32.42 | 16.36 | 20.29 | 18.01 | 16.21 | 16.52 | 10.25 |
| Weighted Avg Shares Out | 2.50M | 2.52M | 2.54M | 2.54M | 2.55M | 2.55M | 2.55M | 2.54M | 2.57M | 2.56M | 2.55M | 2.54M |
| Weighted Avg Shares Out (Dil) | 2.51M | 2.52M | 2.54M | 2.54M | 2.56M | 2.56M | 2.55M | 2.55M | 2.57M | 2.56M | 2.55M | 2.54M |
W.T.B. Financial: Long-Term Potential Given Potential Balance Sheet Improvement
Source: https://incomestatements.info
Category: Stock Reports