Washington Trust Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 24, 2023 at 04:05 pm EDT
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Washington Trust Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 33.5 million compared to USD 37.52 million a year ago. Net income was USD 11.26 million compared to USD 19.96 million a year ago. Basic earnings per share from continuing operations was USD 0.66 compared to USD 1.15 a year ago. Diluted earnings per share from continuing operations was USD 0.66 compared to USD 1.14 a year ago.
For the six months, net interest income was USD 70.69 million compared to USD 72.61 million a year ago. Net income was USD 24.07 million compared to USD 36.44 million a year ago. Basic earnings per share from continuing operations was USD 1.41 compared to USD 2.1 a year ago. Diluted earnings per share from continuing operations was USD 1.41 compared to USD 2.08 a year ago.
Washington Trust Bancorp, Inc. is a holding company of The Washington Trust Company (the Bank). The Bank is a state-chartered bank and financial services company. The Company operates through two segments: Commercial Banking and Wealth Management Services. The Commercial Banking segment includes commercial, residential and consumer lending activities; mortgage banking activities; deposit generation; cash management activities; banking activities, including customer support and the operation of automated teller machines (ATMs), telephone banking, internet banking and mobile banking services; as well as investment portfolio and wholesale funding activities. The Wealth Management Services segment includes investment management; holistic financial planning services; personal trust and estate services, including services as trustee, personal representative and custodian; settlement of decedentsâ estates; and institutional trust services, including custody and fiduciary services.
WASHINGTON TRUST BANCORP, INC. 
