Washington Trust reports Q1 EPS 63c, consensus 63c

The net interest margin was 2.29% in the first quarter, up by 34 basis points from the 1.95% reported in the preceding quarter, reflecting benefits from the balance sheet repositioning transactions. “Washington Trust’s (WASH) first quarter results reflected our effective focus on our balance sheet, resulting in expansion of net interest margin and in-market deposit growth,” stated Edward Handy III, Washington Trust Chairman and CEO. “In our 225th year, we remain steadfast in our commitment to our customers and the communities we serve.”