Washington Trust reports Q2 EPS 63c, consensus 49c

Reports Q2 net charge-offs $27,000 vs $52,000 in the preceding quarter. “Washington Trust’s second quarter performance reflects our continued focus on successfully managing through current economic conditions, while positioning the company for future growth,” stated Edward O. Handy III, Washington Trust Chairman and CEO. “During the quarter, we recorded consistent earnings, maintained credit quality, and managed expenses; we also introduced new technology and invested in a marketing campaign designed to generate deposit growth.”