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SEC filing of the week: Pangaea Logistics ends 2024 with a...

NEWPORT – Pangaea Logistics Solutions Ltd. earned a profit of $29 million for 2024, a 10% increase from $26.3 million a year ago.  In its...

CVS Health steers through rising insurance costs in a strong fourth...

CVS Health Corp. steered through rising costs in its insurance division to handily beat profit expectations on Wall Street.  The drugstore chain and pharmacy benefits...
THE WASHINGTON TRUST Bancorp Inc. has reported a loss of $28.1 million for 2024, down 41.7% from the $48.2 million profit it reported the year prior because it repositioned in balance sheet in December. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust reports $28.1M loss in 2024 because of ‘repositioning’ strategy

WESTERLY – Washington Trust Bancorp Inc. has posted a loss of $28.1 million for 2024 after the bank "repositioned" its balance sheet in December...

SEC filing of the week: Rockland Trust parent’s profit narrows to...

PROVIDENCE – Independent Bank Corp., the parent company for Rockland Trust Co., ended 2024 with $192 million in earnings, down 19.8% over the prior...
CITIZENS FINANCIAL Group Inc.'s annual profit fell 6.2% to $1.51 billion in 2024 compared with a year earlier. / COURTESY CITIZENS FINANCIAL GROUP INC.

Citizens Financial’s profit drops 6.2% for 2024 to $1.51B

PROVIDENCE – Citizens Financial Group Inc.'s annual profit fell 6.2% to $1.51 billion in 2024 compared with a year earlier. The parent company of Citizens...

Hasbro reports $1.49B loss in ‘challenging’ 2023

PAWTUCKET – Hasbro Inc. posted a loss of $1.49 billion in what the company called a "challenging" 2023, following a $203.5 million profit in...

BankRI parent company reports $75M profit in 2023, a drop of...

PROVIDENCE - Brookline Bancorp Inc., the parent company of Bank Rhode Island, on Thursday reported 2023 earnings of $75 million, down 31% compared to...
WASHINGTON TRUST Bancorp Inc., the parent company for The Washington Trust Co., says its net income for 2023 was $48.2 million compared with $71.7 million it posted in 2022. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust’s year-end profit declines 32.8% to $48.2M

WESTERLY – The Washington Trust Bancorp Inc. on Wednesday posted a profit of $48.2 million for 2023, down 32.8% from the $71.7 million it...
WEBSTER FINANCIAL Corp., parent company of Webster Bank, reported a $867.8 million profit in 2023, marking a 34.7% increase over the year prior.

Webster Bank parent sees profits rise 35% in 2023 but decline...

STAMFORD, Conn. – Webster Financial Corp., the parent company of Webster Bank, says it recorded a $867.8 million profit in 2023, marking a 34.7%...
GENERAL DYNAMICS Corp. on Wednesday reported a profit of $3.32 billion for 2023, a decline of 2.2% from the year before. / COURTESY GENERAL DYNAMICS ELECTRIC BOAT

General Dynamics reports $3.32B profit in 2023

PROVIDENCE – General Dynamics Corp. on Wednesday reported a profit of $3.32 billion for 2023, down 2.2% from the $3.39 billion posted a year...
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