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Dec 31, 2019
Washington Trust Q4 2019 Earnings Report
Net income decreased compared to the previous quarter, but full-year earnings reached a record high.
Key Takeaways
Washington Trust Bancorp reported a decrease in net income for Q4 2019 compared to the previous quarter, with net income at $15.5 million, or $0.89 per diluted share. However, the company's full-year earnings for 2019 reached a record high. Total loans and in-market deposits increased during the quarter.
Net income for the fourth quarter of 2019 was $15.5 million, or $0.89 per diluted share.
Total loans amounted to $3.9 billion at December 31, 2019, an increase of 3% from the previous quarter.
In-market deposits amounted to $3.2 billion at December 31, 2019, an increase of 2% from the end of the preceding quarter.
The company declared a quarterly dividend of 51 cents per share in December.
Washington Trust
Washington Trust
Washington Trust Revenue by Segment
Washington Trust Revenue by Geographic Location
Revenue by Segment
Wealth Management Revenues Revenue
CapyFin.comMortgage Banking Revenues Revenue
CapyFin.comRevenue by Geographic Location
Connecticut Commercial Real Estate Revenue
CapyFin.comMassachusetts Commercial Real Estate Revenue
CapyFin.comRhode Island Commercial Real Estate Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income