WESTERLY, R.I. (AP) _ Washington Trust Bancorp Inc. (WASH) on Monday reported third-quarter profit of $18.8 million.
The Westerly, Rhode Island-based bank said it had earnings of $1.08 per share.
The holding company for The Washington Trust Co. posted revenue of $67.9 million in the period. Its revenue net of interest expense was $51.3 million, which beat Street forecasts.
Washington Trust shares have climbed nearly 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $49.72, a fall of almost 7% in the last 12 months.