WashTrust posts 18% profit gain in 1Q, even as revenue drops slightly

WASHINGTON TRUST BANCORP saw its first-quarter profit rise, even as total interest and non-interest income fell slightly. The bank also increased its dividend to shareholders.
WASHINGTON TRUST BANCORP saw its first-quarter profit rise, even as total interest and non-interest income fell slightly. The bank also increased its dividend to shareholders.
WESTERLY – Washington Trust Bancorp Inc. on Tuesday announced a net income increase of nearly 20 percent in the first quarter from the same period last year. Washington Trust Bancorp, parent of The Washington Trust Co., reported net income of $11 million, or 65 cents per diluted share, compared with net income of $9.3 million…

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