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Washington Trust: 1Q Earnings Snapshot

WESTERLY, R.I. (AP) _ Washington Trust Bancorp Inc. (WASH) on Monday reported first-quarter earnings of $17.5 million.

The Westerly, Rhode Island-based bank said it had earnings of $1 per share.

The holding company for The Washington Trust Co. posted revenue of $65.6 million in the period. Its revenue net of interest expense was $50 million, topping Street forecasts.

Washington Trust shares have climbed 4.5 percent since the beginning of the year. The stock has dropped 11 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