EXHIBIT 11
Washington Trust Bancorp, Inc.
Computation of Per Share Earnings
For the Periods Ended September 30, 2000 and 1999
<TABLE>
<CAPTION>
Three months ended September 30, 2000 1999
----------------------------------------------------------------------------------------------------------------------
(In thousands, except per share amounts) Basic Diluted Basic Diluted
----------------- ----------------- ---------------- ----------------
<S> <C> <C> <C> <C>
Net income $3,744 $3,744 $2,502 $2,502
Share amounts:
Average outstanding 11,992.5 11,992.5 11,897.3 11,897.3
Common stock equivalents - 113.7 - 188.4
------------------------------------------------ ----------------- ---------------- ----------------- ----------------
Weighted average outstanding 11,992.5 12,106.2 11,897.3 12,085.7
------------------------------------------------ ----------------- ---------------- ----------------- ----------------
Earnings per share $.31 $.31 $.21 $.21
------------------------------------------------ ----------------- ---------------- ----------------- ----------------
Nine months ended September 30, 2000 1999
----------------------------------------------------------------------------------------------------------------------
(In thousands, except per share amounts) Basic Diluted Basic Diluted
---------------- ----------------- ---------------- -----------------
Net income $9,568 $9,568 $9,020 $9,020
Share amounts:
Average outstanding 11,969.2 11,969.2 11,863.3 11,863.3
Common stock equivalents - 133.1 - 226.6
------------------------------------------------ ----------------- ---------------- ----------------- ----------------
Weighted average outstanding 11,969.2 12,102.3 11,863.3 12,089.9
------------------------------------------------ ----------------- ---------------- ----------------- ----------------
Earnings per share $.80 $.79 $.76 $.75
------------------------------------------------ ----------------- ---------------- ----------------- ----------------
</TABLE>
