Washington Trust reports 2017, 4Q profit declines after new tax law

WESTERLY – Hit with a $6.2 million one-time charge on deferred tax assets, Washington Trust Bancorp Inc. on Tuesday reported 2017 profit fell 1.2 percent to $46 million, or $2.64 per diluted share, compared with $46.5 million, or $2.70 per diluted share, a year earlier. Profit for the quarter ended Dec. 31, meanwhile, fell 34.4…

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