Categories Analysis, Earnings, Finance

Washington Trust Bancorp declares quarterly dividend

The Board of Directors of Washington Trust Bancorp (WASH) on Thursday declared a quarterly dividend of $0.47 per share for the quarter ending March 31, 2019.

This dividend will be paid April 12, 2019 to shareholders of record on April 1, 2019.

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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