Washington Trust Announces Executive Changes
Mar 26 15
Washington Trust announced that William K. Wray has been appointed senior vice president, risk management, and will succeed Brenda H. Senak who recently announced her retirement, effective June 30th, after more than seven years with the Bank. Wray will join Washington Trust on June 1, 2015 and work closely with Ms. Senak through June 2015 to ensure a smooth and successful transition. Wray most recently served as chief operating officer for Blue Cross & Blue Shield of Rhode Island. Prior to that role, he spent 15 years at Citizens Bank, culminating in the role of vice chairman and chief information officer. In addition to managing technology and operations, his duties at Citizens included leadership of enterprise credit and risk administration. His early career in banking included a position within the real estate workout division of Shawmut Bank.
Washington Trust Bancorp Inc. Declares Quarterly Dividend Payable on April 15, 2015
Mar 19 15
Washington Trust Bancorp Inc. declared a 6.3% increase to its quarterly dividend to $0.34 a share for the quarter ending March 31, 2015. The dividend was raised by $0.02 over the dividend paid in the previous quarter, It will be paid April 15, 2015
to shareholders of record on April 1, 2015.
Washington Trust Bancorp Inc. Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015
Feb 4 15
Washington Trust Bancorp Inc. Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015 . Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, FL 33432, United States.
Washington Trust Bancorp Inc. Plans to Open Two Branches in 2015; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2014
Jan 28 15
Washington Trust Bancorp Inc. announced that it has plans to open two branches in 2015. One in Rumford, Rhode Island, in March 2015 and another on the east side of Providence in the third quarter of 2015.
The company reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's total interest and dividend income was $31,905,000 compared to $29,366,000 a year ago. Net interest income was $26,263,000 compared to $23,521,000 a year ago. Income before income taxes was $16,409,000 compared to $14,193,000 a year ago. Net income was $11,191,000 or $0.32 per diluted share compared to $9,789,000 or $0.27 per diluted share a year ago. Book value per share was $20.68 as on December 31, 2014 compared to $19.84 as on December 31, 2013. Return on average assets was 1.27% compared to 1.24% a year ago. Return on average equity was 12.68% compared to 11.98% a year ago.
For the year, total interest and dividend income was $121,117,000 compared to $116,348,000 a year ago. Net interest income was $99,505,000 compared to $91,785,000 a year ago. Income before income taxes was $59,823,000 compared to $52,680,000 a year ago. Net income was $40,824,000 or $1.22 per diluted share compared to $36,153,000 or $1.03 per diluted share a year ago. Return on average assets was 1.23% compared to 1.17% a year ago. Return on average equity was 11.87% compared to 11.65% a year ago.
For the fourth quarter of 2014, the company’s net charge-offs amounted to $245,000 compared to $101,000 in the third quarter of 2014.
Washington Trust Bancorp Inc. Delays Fourth Quarter & Full Year 2014 Earnings Release to January 28, 2015
Jan 26 15
Due to severe winter weather predicted in the Northeast, Washington Trust Bancorp Inc. will delay the corporation's fourth quarter and full year 2014 earnings release to January 28, 2015.