Washington Trust Bancorp (WASH) Misses Q4 EPS by 2c

Washington Trust Bancorp (NASDAQ: WASH) reported Q4 EPS of $0.62, $0.02 worse than the analyst estimate of $0.64.

"Washington Trust marked its 215th year of service on a positive note, as solid fourth quarter results led to all-time record earnings for 2015," stated Joseph J. MarcAurele, Washington Trust Chairman and CEO. "Our 2015 performance once again reflects Washington Trust’s ability to achieve continued growth and profitability in a challenging and competitive environment."

Selected highlights for the fourth quarter of 2015 include:

• Total loans rose by 2.1%, led by a solid increase of $75 million, or 4.7%, in commercial loan balances. Total loans rose by $154 million, or 5.4% in the year 2015.
• Total deposits grew by $98 million, or 3.5%, in the quarter, including a $77 million, or 8.8%, increase in demand and NOW deposits. Total deposit growth for the year 2015 amounted to $179 million, or 6.5%.

For earnings history and earnings-related data on Washington Trust Bancorp (WASH) click here.

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