W.T.B. Financial Corporation
WTBFA
Other OTC600.00
USD
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W.T.B. Financial Corporation
WTBFA
(Other OTC)
Recent
price
600.00
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- W.T.B. Financial Corporation (WTBFA) operates as the bank holding company for Washington Trust Bank, the largest independently owned full-service commercial bank in the Northwest that provides personal banking, commercial banking, private banking, home loans, wealth management, wealth advisory, investment services, trust services, fiduciary services, asset management, and mortgage banking to corporate, individual, and high-net-worth clients. Core offerings include checking and savings accounts, credit cards with cash back rewards such as the Clearly Cash Back program, home equity loans, personal loans, digital wallets, remote deposit capture, merchant services, cash orders, lockbox services, first-time homebuyer loans, manufactured home loans, refinance options, jumbo loans, financial education services, and international banking via SWIFT code; the bank maintains a diversified loan portfolio comprising commercial real estate (37%), residential real estate (25%), commercial and industrial (23%), construction and development (10%), agricultural (4%), consumer (1%), and held-for-sale loans, alongside a deposit mix of noninterest-bearing demand (36%), savings (40%), interest-bearing demand (15%), time deposits (9%), and brokered time deposits. Founded in 1902 and headquartered at 717 West Sprague Avenue in Spokane, Washington, the company serves customers through more than 40 branches across Washington, Idaho, and Oregon, with total assets exceeding $11 billion, loans of approximately $7.06 billion, and deposits of $8.69 billion as of early 2025. In recent developments, W.T.B. Financial reported year-over-year loan growth of 8.1% to support its core banking expansion and deposit growth of 8.9%, driving net income up to $36.6 million year-to-date through the first half of 2025 compared with the prior year, primarily from improved net interest margins; the company increased full-time equivalent employees to 1,217 from 1,184 year-over-year while pursuing targeted geographic expansion through new locations, talent acquisition, and market-desired product development. Assets under management reached $10 billion in 2022 and continued growing, with quarterly dividends maintained, including a recent payout of $1.85 per share yielding 1.34% trailing twelve months. Leadership transitioned in 2023 with Peter F. Stanton assuming the role of executive chairman, Jack Heath as CEO, and Kevin Blair as president, amid ongoing investments for future growth despite economic uncertainties.
W.T.B. Financial: Long-Term Potential Given Potential Balance Sheet Improvement