Washington Trust reports $77M 2021 earnings and record in-market deposits

WASHINGTON TRUST BANCORP INC. posted an $76.9 million profit for 2021, including record in-market deposits, wealth management income and residential mortgage loan originations. / PBN FILE PHOTO/SCOTT KINGSLEY
WASHINGTON TRUST BANCORP INC. posted an $76.9 million profit for 2021, including record in-market deposits, wealth management income and residential mortgage loan originations. / PBN FILE PHOTO/SCOTT KINGSLEY
WESTERLY – New residential mortgage loans, wealth management services and deposit account growth helped Washington Trust Bancorp Inc. post $76.9 million in net income for 2021, the company reported on Wednesday. Year-end profits represented a 10.1% increase over what the parent company for The Washington Trust Co. recorded in 2020. Earnings per diluted share also…

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