Washington Trust Bancorp, Inc. (WASH) Tops Q1 EPS by 3c

Washington Trust Bancorp, Inc. (NASDAQ: WASH) reported Q1 EPS of $0.62, $0.03 better than the analyst estimate of $0.59.

Selected highlights for the third quarter of 2014 included:

• Returns on average equity and average assets were 12.15% and 1.25%, respectively. Comparable amounts for the second quarter of 2014 were 11.52% and 1.22%, respectively.
• Total loans at September 30, 2014 were $2.67 billion, up by a solid $92.9 million, or 4%, from June 30, 2014.
• Deposit growth was strong in the third quarter, with an increase of $152.8 million, or 6%, from June 30, 2014. Total deposits reached $2.74 billion at September 30, 2014.
• In September, we declared a quarterly dividend of 32 cents per share, representing a 3 cent increase over the dividend paid last quarter and our third dividend increase in the past year.

For earnings history and earnings-related data on Washington Trust Bancorp, Inc. (WASH) click here.

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