Washington Tax Provision from 2010 to 2024

WASH Stock  USD 37.73  0.32  0.86%   
Washington Trust's Tax Provision is decreasing with slightly volatile movements from year to year. Tax Provision is estimated to finish at about 16.1 M this year. Tax Provision is the amount set aside by Washington Trust Bancorp to cover any estimated taxes for the current period. It reflects Washington Trust's expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2019-03-31
Previous Quarter
2.8 M
Current Value
M
Quarterly Volatility
1.5 M
 
Covid
Check Washington Trust financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Washington Trust's main balance sheet or income statement drivers, such as Interest Expense of 180.1 M, Other Operating Expenses of 123.3 M or Operating Income of 77.1 M, as well as many indicators such as Price To Sales Ratio of 2.78, Dividend Yield of 0.0404 or PTB Ratio of 1.46. Washington financial statements analysis is a perfect complement when working with Washington Trust Valuation or Volatility modules.
  
Check out the analysis of Washington Trust Correlation against competitors.

Latest Washington Trust's Tax Provision Growth Pattern

Below is the plot of the Tax Provision of Washington Trust Bancorp over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. Washington Trust's Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Washington Trust's overall financial position and show how it may be relating to other accounts over time.
Tax Provision10 Years Trend
Slightly volatile
   Tax Provision   
       Timeline  

Washington Tax Provision Regression Statistics

Arithmetic Mean20,078,920
Geometric Mean19,470,790
Coefficient Of Variation23.28
Mean Deviation2,661,696
Median20,878,000
Standard Deviation4,675,281
Sample Variance21.9T
Range23.4M
R-Value(0.43)
Mean Square Error19.1T
R-Squared0.19
Significance0.11
Slope(452,526)
Total Sum of Squares306T

Washington Tax Provision History

202416.1 M
20238.3 M
202219.5 M
202121.3 M
202019.3 M
201919.1 M
201818.3 M

About Washington Trust Financial Statements

Investors use fundamental indicators, such as Washington Trust's Tax Provision, to determine how well the company is positioned to perform in the future. Although Washington Trust's investors may analyze each financial statement separately, they are all interrelated. Understanding these patterns can help investors make the right trading decisions.
Last ReportedProjected for Next Year
Tax Provision8.3 M16.1 M

Currently Active Assets on Macroaxis

When determining whether Washington Trust Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Washington Trust's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Washington Trust Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Washington Trust Bancorp Stock:
Check out the analysis of Washington Trust Correlation against competitors.
You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Washington Trust. If investors know Washington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Washington Trust listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Dividend Share
2.24
Earnings Share
2.67
Revenue Per Share
11.087
Quarterly Revenue Growth
(0)
The market value of Washington Trust Bancorp is measured differently than its book value, which is the value of Washington that is recorded on the company's balance sheet. Investors also form their own opinion of Washington Trust's value that differs from its market value or its book value, called intrinsic value, which is Washington Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Washington Trust's market value can be influenced by many factors that don't directly affect Washington Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Washington Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if Washington Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Washington Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.