Item 5. Market for Registrant’s Common Equity
ITEM 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
The Bancorp’s common stock trades on the Nasdaq under the symbol WASH. At January 31, 2026, there were 1,279 holders of record of the Bancorp’s common stock. The number of record-holders may not reflect the number of persons or entities holding stock in nominee name through banks, brokerage firms, or other nominees.
The Bancorp (including the Bank prior to 1984) has recorded consecutive quarterly dividends for more than 100 years. Since the Bancorp’s primary source of funds for dividends paid to shareholders is the receipt of dividends from the Bank, future dividends will depend on the earnings of the Bank, its financial condition, its need for funds, applicable government policies and regulations, and other such matters the Board of Directors deems appropriate. Management believes that the Bank will continue to generate adequate earnings to continue to pay dividends in the future.
See additional disclosures on Equity Compensation Plan Information in Part III, Item 12 “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.”
The following table summarizes repurchases of shares of the Bancorp’s common stock in the fourth quarter of 2025:
Issuer Purchases of Equity Securities
Period (a)
Total number of shares purchased (b)
Average price paid per share (c)
Total number of shares purchased as part of publicly announced plans (d)
Maximum number of shares that may yet be purchased under plans
October 1 - 31, 2025 20,855 $27.03 20,855 582,342
November 1 - 30, 2025 — — — 582,342
December 1 - 31, 2025 — — — 582,342
Total (1)
20,855 $27.03 20,855 582,342
(1) During the second quarter of 2025, the Board of Directors of the Corporation adopted the 2025 Repurchase Program, which authorizes the repurchase of up to 850,000 shares, or approximately 4% of the Bancorp’s outstanding common stock. Repurchases under the 2025 Repurchase Program are conducted pursuant to a trading plan adopted by the Bancorp that is designed to qualify under Rule 10b5-1 under the Exchange Act. The 2025 Repurchase Program commenced on May 15, 2025 and expires on May 15, 2026 and may be modified, suspended, or discontinued at any time.
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Stock Performance Graph
Set forth below is a line graph comparing the cumulative total shareholder return on the Bancorp’s common stock against the cumulative total return of the KBW Nasdaq Regional Banking Index and the Nasdaq Composite Index (U.S.) from December 31, 2020 to December 31, 2025. The results presented assume that the value of the Bancorp’s common stock and each index was $100.00 on December 31, 2020. The total return assumes reinvestment of dividends.
The stock price performance shown on the stock performance graph and associated table below is not necessarily indicative of future price performance. Information used in the graph and table was obtained from a third-party provider. While the source is believed to be reliable, the Corporation is not responsible for any errors or omissions in such information.
For the period ending December 31, 2020 2021 2022 2023 2024 2025
Washington Trust Bancorp, Inc. $100.00 $130.88 $114.55 $84.73 $87.09 $88.57
KBW Nasdaq Regional Banking Index $100.00 $136.65 $127.65 $126.69 $143.42 $152.74
Nasdaq Composite Index (U.S.) $100.00 $122.22 $82.48 $119.35 $154.67 $187.42
ITEM 6. Reserved.
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Management's Discussion and Analysis