8:01 AM Wed, Jul 22, 2009 | Permalink
By Business staff  Email this author | Email this entry |
Washington Trust Bancorp, based in Westerly, reported second quarter profits of $3.8 million, or 23 cents per diluted share, compared to second quarter 2008 net income of $6.1 million, or 45 cents per diluted share. The earnings beat the 20 cents per share estimates of Wall Street analysts, according to a report by Bloomberg News.
"The economy remains challenged both locally and nationally," said John C. Warren, chairman and chief executive officer, in a statement. "In this environment, we will continue to maintain our focus and discipline."
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