Slide 1

Peer Analysis

Performance Ratios (%) WASH Peer Median Peer Average
ROAA 1.46 1.25 1.25
ROAE 16.24 10.89 11.46
Net Interest Margin 3.01 3.60 3.45
Efficiency Ratio 53.12 57.29 57.63
Loans / Deposits 104.44 96.34 93.52
Asset Quality Ratios (%)
NPAs / Assets 0.38 0.42 0.45
NCOs / Avg Loans 0.03 0.05 0.10
Reserves / Loans 0.73 0.87 0.86
Reserves / NPAs 142.81 153.11 169.43
Capital Ratios (%)
Tier 1 Capital 11.81 12.18 12.60
Tangible Equity / Tangible Assets 7.62 8.57 8.62
Total Equity / Total Assets 8.94 11.80 11.37
Market Ratios
Price / Earnings (x) 12.64 13.22 13.81
Price / Book (%) 191.75 145.74 148.10
Dividend Yield (%) 3.78 2.81 2.63
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 12/31/2018.

Peer financial data is as of 12/31/2018 except for these companies:

Bryn Mawr Bank Corporation's financial data is as of 3/31/2019.
Century Bancorp, Inc.'s financial data is as of 3/31/2019.
Independent Bank Corp.'s financial data is as of 3/31/2019.
S&T Bancorp, Inc.'s financial data is as of 3/31/2019.
Sandy Spring Bancorp, Inc.'s financial data is as of 3/31/2019.
Boston Private Financial Holdings, Inc.'s financial data is as of 3/31/2019.