Washington Trust Announces Balance Sheet Repositioning [Yahoo! Finance]
Washington Trust Bancorp, Inc. (WASH)
Last washington trust bancorp, inc. earnings: 4/27 08:00 am
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Source: Yahoo! Finance
company of The Washington Trust Company, of Westerly (the "Bank"), today announced Bank balance sheet repositioning transactions to support continued organic growth and capital generation. (PRNewsfoto/Washington Trust Bancorp, Inc.) "Like many banks, we have been carrying low-yielding assets on our balance sheet following rapid increases in interest rates over the past few years. These assets have been earning interest below current market rates, which has impacted our earnings and ability to reinvest and expand our business. We had the opportunity to raise approximately $70 million in capital to support the sale of these low-yielding assets and reinvestment of the proceeds into assets with higher rates," stated Edward "Ned" O. Handy III, Washington Trust Chairman and CEO. "This will allow us to focus on growth and investment which is good for shareholders, employees, customers and the communities we serve. This has also made us even stronger financially and will set us up for imp
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WASH
News
- Washington Trust Announces Balance Sheet RepositioningPR Newswire
- Washington Trust Bancorp declares $0.56 dividend [Seeking Alpha]Seeking Alpha
- Washington Trust Bancorp, Inc. Announces Quarterly DividendPR Newswire
- Washington Trust Bancorp, Inc. (NASDAQ: WASH) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Washington Trust provides financing for Rhode Island Hispanic Chamber of Commerce's new headquartersPR Newswire
WASH
Earnings
- 10/21/24 - Beat
WASH
Sec Filings
- 12/20/24 - Form 8-K
- 12/16/24 - Form 8-K
- 12/13/24 - Form 424B5
- WASH's page on the SEC website