Washington Trust Bancorp (WASH) Misses Q1 EPS by 12c
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Washington Trust Reports First Quarter 2020 Earnings
April 27, 2020 8:00 AM EDTWESTERLY, R.I., April 27, 2020 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced first quarter 2020 net income of $11.9 million, or $0.68 per diluted share, compared to net income of $15.5 million, or $0.89 per diluted share, reported for the fourth quarter of 2019. Our results in the first quarter of 2020 reflect the adoption of the Current Expected Credit Losses ("CECL") accounting methodology, as well as the impact of the COVID-19 pandemic.
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