Washington Trust Bancorp, Westerly-Based Bank, Reports 3Q Profit Of Nearly $13M

WESTERLY, RI — Washington Trust Bancorp Inc. (WASH), a bank based in Westerly, Rhode Island, reported Monday third-quarter net income of $12.9 million and earnings of 75 cents per share.

The holding company for The Washington Trust Co. posted revenue of $55.2 million in the period and its adjusted revenue was $47.3 million.

Washington Trust shares have increased about 2 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $56.95, an increase of 38 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WASH at https://www.zacks.com/ap/WASH

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