EXHIBIT 11
Washington Trust Bancorp, Inc.
Computation of Per Share Earnings
For the Periods Ended June 30, 2000 and 1999
<TABLE>
<CAPTION>
Three months ended June 30, 2000 1999
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(In thousands, except per share amounts) Basic Diluted Basic Diluted
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<S> <C> <C> <C> <C>
Net income $2,392 $2,392 $3,345 $3,345
Share amounts:
Average outstanding 11,978.6 11,978.6 11,879.9 11,879.9
Common stock equivalents - 127.3 - 217.1
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Weighted average outstanding 11,978.6 12,105.9 11,879.9 12,097.0
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Earnings per share $.20 $.20 $.28 $.28
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<CAPTION>
Six months ended June 30, 2000 1999
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(In thousands, except per share amounts) Basic Diluted Basic Diluted
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<S> <C> <C> <C> <C>
Net income $5,824 $5,824 $6,518 $6,518
Share amounts:
Average outstanding 11,957.4 11,957.4 11,846.1 11,846.1
Common stock equivalents - 142.8 - 246.0
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Weighted average outstanding 11,957.4 12,100.2 11,846.1 12,092.1
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Earnings per share $.49 $.48 $.55 $.54
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</TABLE>
