Washington Trust: 3Q Earnings Snapshot
WESTERLY, R.I. (AP) _ Washington Trust Bancorp Inc. (WASH) on Monday reported third-quarter profit of $17.5 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 $60.4 million in the period. Its revenue net of interest expense was $48.7 million, exceeding Street forecasts.
Washington Trust shares have dropped slightly more than 2 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $51.98, a decrease of 11 percent in the last 12 months.