Compass Point Upgrades Washington Trust Bancorp (WASH) to Buy

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Go back to Compass Point Upgrades Washington Trust Bancorp (WASH) to Buy

Washington Trust Reports Record Quarterly Earnings

October 24, 2016 4:05 PM EDT

WESTERLY, R.I., Oct. 24, 2016 (GLOBE NEWSWIRE) -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced net income of $12.3 million, or $0.72 per diluted share, for the third quarter of 2016, up from net income of $11.1 million, or $0.64 per diluted share, reported for the second quarter of 2016.

"Our third quarter results reflect the strength and diversity of our business model, as we generated key revenues from our core business lines, stated Joseph J. MarcAurele, Washington Trust Chairman and Chief Executive Officer.  We also posted... More