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

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Washington Trust Reports Record Full-Year 2016 Earnings

January 25, 2017 4:06 PM EST

WESTERLY, R.I., Jan. 25, 2017 (GLOBE NEWSWIRE) -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced net income of $12.2 million, or $0.70 per diluted share, for the fourth quarter of 2016, compared to net income of $12.3 million, or $0.72 per diluted share, reported for the third quarter of 2016.

For the year ended December 31, 2016, net income totaled $46.5 million, or $2.70 per diluted share.  Full-year net income increased by 7% from $43.5 million, or $2.54 per diluted share, reported for 2015.  Returns on average equity and average assets in 2016 were 11.96% and 1.16%, respectively, compared to... More