Washington Trust Bancorp Management
Management criteria checks 3/4
Washington Trust Bancorp's CEO is Ned Handy, appointed in Nov 2013, has a tenure of 12.58 years. total yearly compensation is $1.86M, comprised of 43.5% salary and 56.5% bonuses, including company stock and options. directly owns 0.45% of the company’s shares, worth €2.74M. The average tenure of the management team and the board of directors is 8.7 years and 5.2 years respectively.
Key information
Ned Handy
Chief executive officer
US$1.9m
Total compensation
| CEO salary percentage | 43.46% |
| CEO tenure | 12.6yrs |
| CEO ownership | 0.5% |
| Management average tenure | 8.7yrs |
| Board average tenure | 5.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$53m |
| Dec 31 2025 | US$2m | US$810k | US$52m |
| Sep 30 2025 | n/a | n/a | -US$24m |
| Jun 30 2025 | n/a | n/a | -US$24m |
| Mar 31 2025 | n/a | n/a | -US$27m |
| Dec 31 2024 | US$2m | US$779k | -US$28m |
| Sep 30 2024 | n/a | n/a | US$46m |
| Jun 30 2024 | n/a | n/a | US$46m |
| Mar 31 2024 | n/a | n/a | US$46m |
| Dec 31 2023 | US$1m | US$749k | US$48m |
| Sep 30 2023 | n/a | n/a | US$52m |
| Jun 30 2023 | n/a | n/a | US$59m |
| Mar 31 2023 | n/a | n/a | US$68m |
| Dec 31 2022 | US$2m | US$709k | US$71m |
| Sep 30 2022 | n/a | n/a | US$75m |
| Jun 30 2022 | n/a | n/a | US$75m |
| Mar 31 2022 | n/a | n/a | US$73m |
| Dec 31 2021 | US$2m | US$669k | US$77m |
| Sep 30 2021 | n/a | n/a | US$75m |
| Jun 30 2021 | n/a | n/a | US$75m |
| Mar 31 2021 | n/a | n/a | US$78m |
| Dec 31 2020 | US$2m | US$630k | US$70m |
| Sep 30 2020 | n/a | n/a | US$67m |
| Jun 30 2020 | n/a | n/a | US$67m |
| Mar 31 2020 | n/a | n/a | US$63m |
| Dec 31 2019 | US$2m | US$600k | US$69m |
Compensation vs Market: Ned's total compensation ($USD1.86M) is above average for companies of similar size in the German market ($USD1.08M).
Compensation vs Earnings: Ned's compensation has been consistent with company performance over the past year.
CEO
Ned Handy (64 yo)
Mr. Edward Otis Handy, III, also known as Ned, has been the Chairman and Chief Executive Officer of Washington Trust Bancorp, Inc. and its subsidiary, The Washington Trust Company of Westerly since March 2...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 12.6yrs | US$1.86m | 0.45% € 2.7m | |
| President & COO | 3.2yrs | US$993.92k | 0.16% € 990.6k | |
| Senior EVP | 9yrs | US$758.13k | 0.16% € 946.1k | |
| Executive VP & Chief Wealth Management Officer | no data | US$788.48k | 0.090% € 545.5k | |
| Executive VP | no data | US$694.58k | 0.059% € 359.7k | |
| Executive VP | 28.4yrs | no data | 0.096% € 582.4k | |
| Executive VP & Chief Information Officer | no data | no data | no data | |
| Executive VP | no data | no data | 0.10% € 629.0k | |
| Senior VP and Director of Marketing & Corporate Communications | 1.4yrs | no data | no data | |
| Senior EVP | 8.4yrs | no data | 0.16% € 977.7k | |
| Senior VP & Chief Audit Executive | no data | no data | no data | |
| Senior Vice President of Wealth Management & Commercial Banking | no data | no data | no data |
Experienced Management: WT1's management team is seasoned and experienced (8.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 10.1yrs | US$1.86m | 0.45% € 2.7m | |
| Independent Director | 7.2yrs | US$119.08k | 0.048% € 289.1k | |
| Lead Independent Director | 15.8yrs | US$107.08k | 0.13% € 818.8k | |
| Independent Director | 14.2yrs | US$104.08k | 0.054% € 328.4k | |
| Director | 3.5yrs | US$96.08k | 0.21% € 1.3m | |
| Independent Director | 5.2yrs | US$102.08k | 0.034% € 205.7k | |
| Independent Director | 6.2yrs | US$82.08k | 0.018% € 112.1k | |
| Independent Director | 2.3yrs | US$82.08k | 0.020% € 123.6k | |
| Director | less than a year | no data | 0.0066% € 40.1k | |
| Independent Director | 4.3yrs | US$88.08k | 0.0024% € 14.9k | |
| Independent Director | 2.3yrs | US$82.08k | 0.021% € 126.8k |
Experienced Board: WT1's board of directors are considered experienced (5.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/30 19:47 |
| End of Day Share Price | 2026/06/30 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Washington Trust Bancorp, Inc. is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brandon Berman | BofA Global Research |
| Taylor Brodarick | Guggenheim Securities, LLC |
| Damon DelMonte | Keefe, Bruyette, & Woods |