Washington Trust: 2Q Earnings Snapshot
WESTERLY, R.I. (AP) _ Washington Trust Bancorp Inc. (WASH) on Monday reported second-quarter profit of $17.7 million.
The bank, based in Westerly, Rhode Island, said it had earnings of $1.01 per share.
The holding company for The Washington Trust Co. posted revenue of $59.3 million in the period. Its revenue net of interest expense was $49.1 million, which beat Street forecasts.
Washington Trust shares have risen 14 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $60.60, a climb of 20 percent in the last 12 months.