Back in January, The Washington Trust Company parent announced its fourth-quarter and full-year 2018 earnings. Net income for the year jumped to $3.93 per diluted share from 2017’s earnings of $2.64 per share.
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For the last quarter, net interest income was $33.9 million, while net interest margin hit 2.95%.
“Washington Trust reported record full-year 2018 earnings, reached $5 billion in total assets and posted all-time high levels of total deposits and loans,” CEO Edward O. Handy III then said.
Total loans at quarter-end amounted to $3.7 billion. As of December 31, 2018, the total shareholders’ equity for Washington Trust Bancorp was $448 million.
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