Washington Trust posts $11.9M Q1 profit, 32% drop from last year

THE WASHINGTON TRUST CO. posted an $11.9 million profit in the first quarter of 2020, a 32% decline from one year prior. / PBN FILE PHOTO/SCOTT KINGSLEY
THE WASHINGTON TRUST CO. posted an $11.9 million profit in the first quarter of 2020, a 32% decline from one year prior. / PBN FILE PHOTO/SCOTT KINGSLEY
WESTERLY – Washington Trust Bancorp. Inc., the parent company for Westerly-based The Washington Trust Co., saw a 32% drop in profit compared to the first quarter of last year, the company reported on Monday. First-quarter earnings were $11.9 million, versus $17.5 million for quarter one of 2019. Earnings per diluted share were 68 cents versus…
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