Washington Trust posts $10.8M profit in Q2, down 3.5%

PBN Staff

07/23/2024

Photo by Scott Kingsley — THE PARENT company of The Washington Trust Co. on Monday reported a profit of $10.8 million in the second quarter, down 3.5% from the $11.2 million it posted a year ago. / PBN FILE PHOTO/ SCOTT KINGSLEY

WESTERLY – Washington Trust Bancorp Inc., the parent company of The Washington Trust Co., on Monday reported a profit of $10.8 million in the second quarter, down 3.5% from the $11.2 million it posted in the same period a year ago due to continued higher interest expenses on deposits. Earnings per diluted share were 63

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