Washington Trust Bank: how it compares with its peers
Against 181 U.S. banks with half to twice its assets, Washington Trust Bank's strongest measure in Q2 2026 is net interest margin (3.84% vs. a 3.65% peer median). Its weakest relative measure is efficiency ratio (66.67% vs. 54.97%).
| Measure | Washington Trust Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.19% | 1.30% | Middle third Ahead of 36% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.84% | 3.65% | Middle third Ahead of 62% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 66.67% | 54.97% | Bottom third Ahead of 18% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.5M | $10.2M | Bottom third Ahead of 25% of peers |
| Loans to deposits Net loans and leases over total deposits. | 82.89% | 87.97% | Context |
What it means for lending operations
Its efficiency ratio of 66.67% is above the 54.97% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Charles Schwab Trust Bank Westlake, TX · $10.51B
- Centier Bank Whiting, IN · $10.41B
- Amarillo National Bank Amarillo, TX · $10.38B
- WEX Bank Sandy, UT · $10.71B
- Stock Yards Bank & Trust Company Louisville, KY · $10.36B
Questions about Washington Trust Bank
How big is Washington Trust Bank?
Washington Trust Bank, established in 1902, is headquartered in Spokane, WA. It reported $10.54B in total assets in its Q2 2026 FDIC call report and operates 45 offices.
What is Washington Trust Bank's return on assets?
1.19% annualized in Q2 2026, against a 1.30% median for 181 U.S. banks with half to twice its assets, ahead of 36% of them.
What is Washington Trust Bank's efficiency ratio?
66.67% in Q2 2026: it spent about 67 cents in noninterest expense for each dollar of revenue. The peer median is 54.97%, and lower is better.
Is Washington Trust Bank growing its loans?
Net loans grew 2.2% over the year to Q2 2026, while deposits grew 1.7%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Washington bank ranked.