Washington Trust reports Q2 EPS 68c, consensus 63c

Reports Q2 provision for credit losses $600,000 vs. $1.2M in the preceding quarter. Reports Q2 Net charge-offs $647,000 in vs. $2.3M in the preceding quarter. “Washington Trust’s (WASH) Q2 results reflect our diversified business model performing positively. We realized growth in net interest income, wealth management revenue, and mortgage banking revenue, and we remained well-capitalized. We are pleased with these results,” said Washington Trust Chairman and CEO, Edward O. Handy III. “As we reach our milestone 225th birthday next month, we remain focused on providing exceptional full-service banking to our customers for years to come.”