Washington Trust (WASH) Provides Fourth Quarter Earnings Call Details
Washington Trust (WASH) held a fourth quarter earnings call, discussing a capital raise of $70.5 million and balance sheet repositioning efforts. The company sold lower-yielding securities and loans, reinvesting in higher-yielding assets and reducing expensive wholesale funding, which resulted in a fourth quarter loss but is expected to improve future revenues and growth capacity.
Tickers: $WASH
Topics: balance sheet repositioning capital raise earnings call financial results revenue impact wholesale funding