Washington Trust Reports Fourth Quarter and Full-Year 2024 Results
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Washington Trust Bancorp, Inc. reported a significant net loss of $60.8 million for the fourth quarter of 2024, translating to a $3.46 loss per diluted share.
January 29, 2025 | 9:15 pm
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NEGATIVE IMPACT
Washington Trust Bancorp, Inc. reported a fourth quarter 2024 net loss of $60.8 million, or a $3.46 loss per diluted share, indicating financial challenges.
The reported net loss of $60.8 million for Q4 2024 is a significant financial setback for Washington Trust Bancorp, likely leading to negative investor sentiment and downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100