Slide 1

Peer Analysis

Performance Ratios (%) WASH Peer Median Peer Average
ROAA 1.13 0.80 0.85
ROAE 12.24 9.22 8.30
Net Interest Margin 2.97 3.42 3.30
Efficiency Ratio 54.76 58.41 60.60
Loans / Deposits 104.02 93.21 89.23
Asset Quality Ratios (%)
NPAs / Assets 0.43 0.40 0.49
NCOs / Avg Loans 0.08 0.09 0.11
Reserves / Loans 0.76 0.96 0.94
Reserves / NPAs 131.30 144.30 183.62
Capital Ratios (%)
Tier 1 Capital 11.78 12.57 12.83
Tangible Equity / Tangible Assets 7.57 7.99 8.09
Total Equity / Total Assets 9.05 9.82 10.34
Market Ratios
Price / Earnings (x) 20.72 22.69 23.08
Price / Book (%) 251.14 178.90 184.17
Dividend Yield (%) 2.86 2.23 2.15
Data for trailing four quarters

Washington Trust Bancorp, Inc.'s peer group consists of the following: Arrow Financial Corporation (AROW), Berkshire Hills Bancorp, Inc. (BHLB), Boston Private Financial Holdings, Inc. (BPFH), Brookline Bancorp, Inc. (BRKL), Bryn Mawr Bank Corporation (BMTC), Camden National Corporation (CAC), Century Bancorp, Inc. (CNBK.A), Community Bank System, Inc. (CBU), Hudson Valley Holding Corp. (HVB), Independent Bank Corp. (INDB), Merchants Bancshares, Inc. (MBVT), NBT Bancorp Inc. (NBTB), Tompkins Financial Corporation (TMP)

Washington Trust Bancorp, Inc.'s financial data is as of 3/31/2018.

Peer financial data is as of 3/31/2018 except for these companies:

Merchants Bancshares, Inc.'s financial data is as of 3/31/2017.
Hudson Valley Holding Corp.'s financial data is as of 3/31/2015.