Washington Trust: 2Q Earnings Snapshot
WESTERLY, R.I. (AP) _ Washington Trust Bancorp Inc. (WASH) on Monday reported second-quarter profit of $17.2 million.
The Westerly, Rhode Island-based bank said it had earnings of 99 cents per share.
The holding company for The Washington Trust Co. posted revenue of $67.3 million in the period. Its revenue net of interest expense was $50.6 million, missing Street forecasts.
Washington Trust shares have climbed slightly more than 7% since the beginning of the year. In the final minutes of trading on Monday, shares hit $51.05, a decrease of 15% in the last 12 months.