Washington Trust Bancorp (WASH) Tops Q4 EPS by 7c

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Go back to Washington Trust Bancorp (WASH) Tops Q4 EPS by 7c

Washington Trust Reports Fourth Quarter 2017 Earnings

January 30, 2018 4:05 PM EST

WESTERLY, R.I., Jan. 30, 2018 (GLOBE NEWSWIRE) -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced fourth quarter 2017 net income of $8.0 million, or $0.46 per diluted share, compared to net income of $13.0 million, or $0.75 per diluted share, reported for the third quarter of 2017.  Net income for the year ended December 31, 2017 totaled $45.9 million, or $2.64 per diluted share, compared to $46.5 million, or $2.70 per diluted share, reported for the prior year.

On December 22, 2017, the Tax Cuts and Jobs Act ("the Tax Act") was signed into law, permanently lowering the corporate federal... More