Washington Trust reports slightly lower profit for Q3 on higher interest expenses

PBN Staff

10/22/2024

THE WASHINGTON TRUST Bancorp Inc. reports a third-quarter profit of $11.0 million, down 1.4% from $11.16 million it reported in the same period a year ago. / PBN FILE PHOTO/ SCOTT KINGSLEY

WESTERLY – Washington Trust Bancorp Inc. on Tuesday posted a third-quarter profit of $11 million, down 1.4% from $11.16 million a year ago, as an increase in interest income didn’t fully offset the higher amount the bank paid in interest for deposits in the quarter. Earnings per diluted dipped to 64 cents from 65 cents

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