WESTERLY, R.I. (AP) _ Washington Trust Bancorp Inc. (WASH) on Wednesday reported second-quarter profit of $17.4 million.
The Westerly, Rhode Island-based bank said it had earnings of $1 per share.
The holding company for The Washington Trust Co. posted revenue of $59.4 million in the period. Its revenue net of interest expense was $55.3 million, which fell short of Street forecasts.
Washington Trust shares have increased 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $51.07, a rise of 47% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WASH at https://www.zacks.com/ap/WASH
The Associated Press