Washington Trust Bancorp (WASH) Rent Expense (2010 - 2026)
Washington Trust Bancorp (WASH) posted quarterly Rent Expense of $2.9 million for Q1 2026, up 5.44% year-over-year from $2.7 million in Q1 2025, and up 9.39% quarter-over-quarter from $2.6 million in Q4 2025.
Washington Trust Bancorp (WASH) Rent Expense (2010 - 2026) Analysis & Trends
Washington Trust Bancorp (WASH) has reported Rent Expense for 17 consecutive years, with $2.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Rent Expense rose 5.44% year-over-year to $2.9 million; the TTM figure through Mar 2026 stood at $10.9 million (up 9.23% YoY), while the FY2025 annual figure was $10.7 million, up 9.72% from the prior year.
- Rent Expense grew to $2.9 million in Q1 2026 per WASH's latest filing, from $2.6 million in the prior quarter.
- Across five years, Rent Expense topped out at $2.9 million in Q1 2026 and bottomed at $2.2 million in Q2 2022.
- Historically, Rent Expense has averaged $2.5 million across 5 years, with a median of $2.4 million in 2022.
- Annual changes were most pronounced in 2022 — Rent Expense advanced 12.73% — and 2023, when it decreased 0.91%.
- Washington Trust Bancorp's Rent Expense stood at $2.4 million in 2022, then fell by 0.91% to $2.4 million in 2023, then advanced by 1.34% to $2.4 million in 2024, then increased by 8.81% to $2.6 million in 2025, then gained by 9.39% to $2.9 million in 2026.
- Business Quant data shows WASH's Rent Expense at $2.9 million in Q1 2026, $2.6 million in Q4 2025, and $2.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 121.07 Bn | 84.87 Bn | - | - |
| 2 | Pnc Financial Services | 97.81 Bn | 97.81 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 96.04 Bn | 96.04 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.78 Bn | -144.31 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.06 Bn | -81.25 Bn | - | - |
| 7 | Nu Holdings | 71.33 Bn | 57.64 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.62 Bn | 61.62 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.61 Bn | 25.89 Bn | - | 154.00 Mn |
| 10 | Washington Trust Bancorp | 750.74 Mn | 700.83 Mn | - | 2.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.74 Mn |
| Jun 30, 2026 | 2.74 Mn |
| Mar 31, 2026 | 2.89 Mn |
| Mar 31, 2026 | 2.89 Mn |
| Dec 31, 2025 | 2.64 Mn |
| Dec 31, 2025 | 2.64 Mn |
| Sep 30, 2025 | 2.69 Mn |
| Sep 30, 2025 | 2.69 Mn |
| Jun 30, 2025 | 2.66 Mn |
| Jun 30, 2025 | 2.66 Mn |
| Mar 31, 2025 | 2.74 Mn |
| Mar 31, 2025 | 2.74 Mn |
| Dec 31, 2024 | 2.43 Mn |
| Dec 31, 2024 | 2.43 Mn |
| Sep 30, 2024 | 2.40 Mn |
| Sep 30, 2024 | 2.40 Mn |
| Jun 30, 2024 | 2.40 Mn |
| Jun 30, 2024 | 2.40 Mn |
| Mar 31, 2024 | 2.56 Mn |
| Mar 31, 2024 | 2.56 Mn |