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WESTERLY, R.I., Jan. 27, 2021 /PRNewswire/ Washington Trust Bancorp, Inc. (Nasdaq:WASH), parent company of The Washington Trust Company, today announced fourth quarter 2020 net income of $18.6 million, or $1.07 per diluted share, compared to net income of $18.3 million, or $1.06 per diluted share, reported for the third quarter of 2020. Net income for the year ended December 31, 2020 totaled $69.8 million, or $4.00 per diluted share, compared to $69.1 million, or $3.96 per diluted share, reported for the prior year. Washington Trust reported strong earnings for 2020, a year marked by unprecedented challenges, disruption, and uncertainties, stated Edward O. Handy III, Washington Trust Chairman and Chief Executive Officer. Our success was due to the spirit and resilience of our dedicated team of employees, who maintained high service levels and business as usual operations during a major pandemic; the strength and stability of our b
FineMark Holdings, Inc. Reports Fourth Quarter 2020 Earnings
FORT MYERS, FL / ACCESSWIRE / January 20, 2021 / FineMark Holdings, Inc. (the Holding Company ; OTCQX:FNBT), the parent company of FineMark National Bank & Trust (the Bank ; collectively, FineMark ), today announced fourth quarter 2020 net income of $6.3 million (or $0.69 per diluted share). This compares to net income of $4.3 million (or $0.49 per diluted share) in the fourth quarter of 2019, a 45% increase. For the full year 2020, FineMark announced net income of $22.0 million (or $2.42 per diluted share). This compares to 2019 s totals of $15.2 million (or $1.69 per diluted share), a 44% increase.
FineMark achieved record net income for both the full year 2020 and the fourth quarter. This accomplishment is especially notable given the headwinds created by record low interest rates and ongoing challenges from COVID-19. We attribute this success to our associates and their commitment to providing excellent service eve