Slide 1

Peer Analysis

Performance Ratios (%) WASH Peer Median Peer Average
ROAA 1.45 1.25 1.24
ROAE 16.11 10.89 11.18
Net Interest Margin 2.98 3.60 3.46
Efficiency Ratio 52.99 56.51 56.96
Loans / Deposits 106.68 95.57 92.45
Asset Quality Ratios (%)
NPAs / Assets 0.38 0.39 0.44
NCOs / Avg Loans 0.01 0.05 0.10
Reserves / Loans 0.74 0.83 0.83
Reserves / NPAs 141.64 159.31 175.35
Capital Ratios (%)
Tier 1 Capital 11.84 12.60 12.69
Tangible Equity / Tangible Assets 7.83 8.69 8.78
Total Equity / Total Assets 9.11 12.13 11.63
Market Ratios
Price / Earnings (x) 12.69 13.14 13.60
Price / Book (%) 186.89 133.39 142.27
Dividend Yield (%) 3.71 2.81 2.68
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), Independent Bank Corp. (INDB), Lakeland Bancorp, Inc. (LBAI), NBT Bancorp Inc. (NBTB), OceanFirst Financial Corp. (OCFC), S&T Bancorp, Inc. (STBA), Sandy Spring Bancorp, Inc. (SASR), Tompkins Financial Corporation (TMP), WSFS Financial Corporation (WSFS)

Washington Trust Bancorp, Inc.'s financial data is as of 3/31/2019.

Peer financial data is as of 3/31/2019