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Washington Trust: 3Q Earnings Snapshot

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.


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