Washington Trust Bancorp (WASH) Misses Q3 EPS by 8c

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Go back to Washington Trust Bancorp (WASH) Misses Q3 EPS by 8c

Washington Trust Reports Third Quarter 2015 Earnings

October 19, 2015 4:05 PM EDT

WESTERLY, R.I., Oct. 19, 2015 (GLOBE NEWSWIRE) -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced net income of $10.2 million, or 60 cents per diluted share, for the third quarter of 2015, compared to net income of $11.5 million, or 68 cents per diluted share, reported for the second quarter of 2015.  The decrease in earnings was largely reflective of conditions affecting revenues in several business lines, including mortgage banking, commercial banking and wealth management.

Earnings on a year-to-date basis are up 10% over the same period in 2014.  Returns on... More