AP NEWS

Washington Trust: 3Q Earnings Snapshot

October 22, 2018

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WASH at https://www.zacks.com/ap/WASH

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