Washington Trust in Westerly, R.I., rode gains in its lending portfolio and lower operating expenses to a higher second-quarter profit.

The $3.3-billion-asset bank reported a profit of $9.8 million for the three-month period ending June 30, an increase of 10% from a year earlier. Earnings were 58 cents per common share, just shy of a 59-cent estimate of analysts polled by Bloomberg.

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