Washington Trust Bancorp Management
Management criteria checks 4/4
Washington Trust Bancorp's CEO is Ned Handy, appointed in Mar 2018, has a tenure of 6.75 years. total yearly compensation is $1.48M, comprised of 50.7% salary and 49.3% bonuses, including company stock and options. directly owns 0.26% of the company’s shares, worth $1.56M. The average tenure of the management team and the board of directors is 6.8 years and 4.7 years respectively.
Key information
Ned Handy
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 50.7% |
| CEO tenure | 6.8yrs |
| CEO ownership | 0.3% |
| Management average tenure | 6.8yrs |
| Board average tenure | 4.7yrs |
Recent management updates
Recent updates
Washington Trust Bancorp (NASDAQ:WASH) Has Affirmed Its Dividend Of $0.56
Dec 24
Washington Trust: The New Macroeconomic Environment Could Be Favorable (Rating Upgrade)
Oct 23Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Dividend Of $0.56
Sep 24Washington Trust Bancorp: Is Its Dividend Sustainable In Case Of A Recession?
Aug 10Earnings Beat: Washington Trust Bancorp, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Jul 26Washington Trust Bancorp's (NASDAQ:WASH) Dividend Will Be $0.56
Jun 24Washington Trust Bancorp: 8.54% Dividend Yield, Is It A Trap?
May 26Results: Washington Trust Bancorp, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Apr 25Reassessing Washington Trust Bancorp
Feb 10Washington Trust Bancorp's (NASDAQ:WASH) Upcoming Dividend Will Be Larger Than Last Year's
Mar 20Washington Trust Bancorp declares $0.54 dividend
Sep 15Washington Trust Bancorp: Steady Growth, 3.9% Dividend Yield
Aug 19Washington Trust Bancorp GAAP EPS of $1.14 beats by $0.23, revenue of $53.39M misses by $1.13M
Jul 25Washington Trust Bancorp: Mortgage Banking And Provision Normalization To Drag Earnings
Jun 12Washington Trust Bancorp: Earnings Dip Likely Due To Mortgage Revenue Normalization
Mar 27Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Larger Dividend Than Last Year At US$0.54
Mar 21Is Now The Time To Put Washington Trust Bancorp (NASDAQ:WASH) On Your Watchlist?
Mar 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 |
| Sep 30 2019 | n/a | n/a | US$70m |
| Jun 30 2019 | n/a | n/a | US$69m |
| Mar 31 2019 | n/a | n/a | US$70m |
| Dec 31 2018 | US$2m | US$575k | US$68m |
| Sep 30 2018 | n/a | n/a | US$59m |
| Jun 30 2018 | n/a | n/a | US$55m |
| Mar 31 2018 | n/a | n/a | US$50m |
| Dec 31 2017 | US$940k | US$425k | US$46m |
Compensation vs Market: Ned's total compensation ($USD1.48M) is below average for companies of similar size in the US market ($USD2.15M).
Compensation vs Earnings: Ned's compensation has been consistent with company performance over the past year.
CEO
Ned Handy (62 yo)
6.8yrs
Tenure
US$1,476,768
Compensation
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 | 6.8yrs | US$1.48m | 0.26% $ 1.6m | |
| President & COO | 1.7yrs | US$1.41m | 0.11% $ 647.9k | |
| Senior EVP | 7.5yrs | US$630.69k | 0.071% $ 423.4k | |
| Executive VP | 26.9yrs | no data | 0.067% $ 397.2k | |
| Executive VP and Chief Marketing & Corporate Communications Officer | no data | no data | no data | |
| Senior EVP | 6.9yrs | no data | 0.12% $ 712.8k | |
| Senior Vice President of Wealth Management & Commercial Banking | no data | no data | no data | |
| Executive VP & Chief Retail Lending Officer | no data | no data | 0.032% $ 189.1k | |
| Executive VP & Chief Commercial Lending Officer of The Washington Trust Company | 1.7yrs | no data | 0.021% $ 126.4k | |
| Executive VP & Chief Retail Banking Officer | less than a year | no data | 0.010% $ 59.6k |
6.8yrs
Average Tenure
59yo
Average Age
Experienced Management: WASH's management team is seasoned and experienced (6.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8.6yrs | US$1.48m | 0.26% $ 1.6m | |
| Independent Director | 5.7yrs | US$113.61k | 0.032% $ 190.2k | |
| Lead Independent Director | 14.3yrs | US$106.61k | 0.093% $ 554.9k | |
| Independent Director | 12.7yrs | US$104.28k | 0.041% $ 244.9k | |
| Director | 2yrs | US$75.94k | 0.19% $ 1.2m | |
| Independent Director | 3.7yrs | US$102.28k | 0.021% $ 123.2k | |
| Independent Director | 6.7yrs | US$106.28k | 0.040% $ 236.7k | |
| Independent Director | 4.7yrs | US$82.28k | 0.025% $ 146.5k | |
| Independent Director | less than a year | no data | 0.0072% $ 42.8k | |
| Independent Director | 2.8yrs | US$82.28k | 0.019% $ 112.8k | |
| Independent Director | less than a year | no data | 0.0077% $ 45.9k |
4.7yrs
Average Tenure
62yo
Average Age
Experienced Board: WASH's board of directors are considered experienced (4.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 23:28 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 here.
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. 3 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 |
|---|---|
| Erik Zwick | Boenning & Scattergood, Inc. |
| Taylor Brodarick | Guggenheim Securities, LLC |
| Damon DelMonte | Keefe, Bruyette, & Woods |