Washington Trust Bancorp (WASH) Misses Q1 EPS by 12c

Washington Trust Bancorp (NASDAQ: WASH) reported Q1 EPS of $0.68, $0.12 worse than the analyst estimate of $0.80.

"Washington Trust reported good balance sheet growth during the quarter, while overall earnings were impacted by several extraordinary factors, including continued Federal Reserve interest rate cuts, the implementation of CECL, and the COVID-19 pandemic," stated Edward O. Handy III, Washington Trust Chairman and Chief Executive Officer. "We believe our strong financial foundation, solid capital position, disciplined credit culture, and diversified business model will help us navigate through the challenging times ahead."

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

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