Banco de Sabadell Management

Management criteria checks 3/4

Banco de Sabadell's CEO is Cesar Gonzalez-Bueno Wittgenstein, appointed in Mar 2021, has a tenure of 3.67 years. directly owns 0.02% of the company’s shares, worth €1.94M. The average tenure of the management team and the board of directors is 5.8 years and 7.4 years respectively.

Key information

Cesar Gonzalez-Bueno Wittgenstein

Chief executive officer

€2.8m

Total compensation

CEO salary percentage	n/a
CEO tenure	3.7yrs
CEO ownership	0.02%
Management average tenure	5.8yrs
Board average tenure	7.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Cesar Gonzalez-Bueno Wittgenstein's remuneration changed compared to Banco de Sabadell's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€1b
Jun 30 2024	n/a	n/a	€1b
Mar 31 2024	n/a	n/a	€1b
Dec 31 2023	€3m	n/a	€1b
Sep 30 2023	n/a	n/a	€1b
Jun 30 2023	n/a	n/a	€1b
Mar 31 2023	n/a	n/a	€844m
Dec 31 2022	€2m	€2m	€779m
Sep 30 2022	n/a	n/a	€781m
Jun 30 2022	n/a	n/a	€613m
Mar 31 2022	n/a	n/a	€557m
Dec 31 2021	€2m	€2m	€430m

Compensation vs Market: Cesar Gonzalez-Bueno's total compensation ($USD2.93M) is below average for companies of similar size in the Austrian market ($USD4.36M).

Compensation vs Earnings: Cesar Gonzalez-Bueno's compensation has increased by more than 20% in the past year.

CEO

Cesar Gonzalez-Bueno Wittgenstein (64 yo)

3.7yrs

Tenure

€2,775,000

Compensation

Mr. Cesar Gonzalez-Bueno Mayer Wittgenstein is Chief Executive Officer since March 18, 2021 and Executive Director at Banco de Sabadell, S.A. since December 17, 2020. Mr. Wittgenstein had been Non-Executiv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Josep Oliu Creus	Executive Chairman of the Board	34.7yrs	€1.60m	0.091% € 8.7m
Cesar Gonzalez-Bueno Wittgenstein	CEO & Executive Director	3.7yrs	€2.78m	0.020% € 1.9m
David Figueras	GM, Chief Risk Officer & Executive Director	5.8yrs	€920.00k	no data
Leopoldo Trenor	CFO & GM	3.8yrs	no data	no data
Gerardo Artiach	Head of Investor Relations	no data	no data	no data
Gonzalo Barettino Coloma	Assistant GM of Legal & Deputy-Secretary of the Board	no data	no data	no data
Federico Rodríguez Castillo	Assistant General Manager of Compliance	6.5yrs	no data	no data
Gabriel Rafael	Assistant General Manager of Communications & Institutional Relations	5.8yrs	no data	no data
Manuel Tresánchez Montaner	Deputy General Manager of Marketing & Commercial Strategy	5.8yrs	no data	no data
Conchita Álvarez Hernández	Assistant General Manager of Operations	6.5yrs	no data	no data
Nuria Rubio	Head of Internal Audit & Assistant GM	no data	no data	no data
Sofía Rodríguez Rico	Chief Economist & Assistant GM	6.2yrs	no data	no data

5.8yrs

Average Tenure

64yo

Average Age

Experienced Management: SAB's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Josep Oliu Creus	Executive Chairman of the Board	34.7yrs	€1.60m	0.091% € 8.7m
Cesar Gonzalez-Bueno Wittgenstein	CEO & Executive Director	3.9yrs	€2.78m	0.020% € 1.9m
David Figueras	GM, Chief Risk Officer & Executive Director	9.5yrs	€920.00k	no data
Maria Jose Beato	Independent External Director	6.5yrs	€170.00k	0.010% € 972.3k
George Donald Johnston	Lead Independent Director	7.5yrs	€206.00k	no data
Aurora Sala	Independent Director	9.8yrs	€173.00k	no data
Lluis Fuguet	Independent Non-Executive Director	3.3yrs	€175.00k	no data
David Martinez Guzman	Non-Executive Proprietary Director	10.7yrs	€95.00k	no data
Manuel Valls Morato	Independent Director	8.2yrs	€178.00k	no data
Pedro Fontana García	Independent Deputy Chairman of the Board	7.3yrs	€342.00k	no data
Mireia Torrens	Independent Director	4.7yrs	€165.00k	no data
Alicia Revuelta	Independent Non-Executive Director	4.2yrs	€170.00k	no data

7.4yrs

Average Tenure

65.5yo

Average Age

Experienced Board: SAB's board of directors are considered experienced (7.4 years average tenure).

Banco de Sabadell Management

Management criteria checks 3/4

Key information

Recent management updates

Banco de Sabadell, S.A., Annual General Meeting, Apr 10, 2024

Recent updates

New minor risk - Earnings quality

Third quarter 2024 earnings released: EPS: €0.094 (vs €0.085 in 3Q 2023)

Banco de Sabadell, S.A. to Report Q3, 2024 Results on Oct 31, 2024

Upcoming dividend of €0.065 per share

Investor sentiment deteriorates as stock falls 15%

Banco de Sabadell, S.A. to Report Q2, 2024 Results on Jul 23, 2024

Banco Bilbao Vizcaya Argentaria, S.A. (BME : BBVA) cancelled the acquisition of Banco de Sabadell, S.A. (BME : SAB).

Investor sentiment improves as stock rises 20%

Banco Bilbao Vizcaya Argentaria, S.A. (BME : BBVA) made an offer to acquire Banco de Sabadell, S.A. (BME : SAB) for €11.4 billion.

Banco Bilbao Vizcaya Argentaria Announces Interest in Negotiations with Banco de Sabadell

First quarter 2024 earnings released

Banco de Sabadell, S.A. to Report Q1, 2024 Results on Apr 25, 2024

Upcoming dividend of €0.024 per share

Full year 2023 earnings released: EPS: €0.23 (vs €0.13 in FY 2022)

Banco de Sabadell, S.A., Annual General Meeting, Apr 10, 2024

Full year 2023 earnings released: EPS: €0.24 (vs €0.13 in FY 2022)

Banco de Sabadell, S.A. to Report Q4, 2023 Results on Feb 01, 2024

Upcoming dividend of €0.024 per share at 5.3% yield

Third quarter 2023 earnings released

Banco de Sabadell, S.A. to Report Q3, 2023 Results on Oct 26, 2023

Second quarter 2023 earnings released

Banco de Sabadell, S.A. to Report Q2, 2023 Results on Jul 27, 2023

Sandton Capital Partners LP agreed to acquire a 50.99% stake in Sistemas Técnicos de Encofrados, S.A. from Banco Santander, S.A. (BME:SAN), CaixaBank, S.A. (BME:CABK) and Banco de Sabadell, S.A. (BME:SAB).

Sandton Capital Partners LP agreed to acquire a 50.99% stake in Sistemas Técnicos de Encofrados, S.A. from Banco Santander, S.A. (BME:SAN), CaixaBank, S.A. (BME:CABK) and Banco de Sabadell, S.A. (BME:SAB).

First quarter 2023 earnings released: EPS: €0.027 (vs €0.025 in 1Q 2022)

Investor sentiment deteriorates as stock falls 22%

Investor sentiment improves as stock rises 24%

Full year 2022 earnings released

Banco de Sabadell, S.A. to Report Q4, 2022 Results on Jan 26, 2023

Upcoming dividend of €0.016 per share

Third quarter 2022 earnings released

Banco de Sabadell, S.A. to Report Q3, 2022 Results on Oct 27, 2022

Vivalto Santé SA agreed to acquire 9.9 % stake in Ribera Salud, S.A. from Banco de Sabadell, S.A. (BME:SAB).

Second quarter 2022 earnings released

AEW Capital Management LP acquired Residential Property in the Santa Catalina district of Palma de Mallorca, Spain from Banco de Sabadell, S.A. (BME:SAB).

Banco de Sabadell, S.A. to Report Q2, 2022 Results on Jul 28, 2022

Now 21% undervalued

First quarter 2022 earnings released: EPS: €0.025 (vs €0.002 in 1Q 2021)

Now 23% undervalued

Now 22% undervalued

Now 20% undervalued

Now 24% undervalued

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Now 23% undervalued after recent price drop

The Hines European Core Fund, managed by Hines Interests Limited Partnership acquired The Banco Sabadell Tower in Barcelona from Banco de Sabadell, S.A. (BME:SAB).

Third quarter 2021 earnings released

Q-Energy IV, FCR Fund, a fund managed by Q-Energy Private Equity, S.G.E.I.C., S.A. acquired Les Borges Blanques Thermosolar Plant from Banco de Sabadell, S.A. (BME:SAB), COMSA Corporación de Infraestructuras, S.L. and Avançsa, Empresa de Promoció i Localització Industrial de Catalunya, S.A.

Second quarter 2021 earnings released

BNP Paribas Securities Services S.C.A. completed the acquisition of institutional depositary business of Banco de Sabadell, S.A. (BME:SAB).

ALD S.A. (ENXTPA:ALD) signed an agreement to acquire BanSabadell Renting, S.L. from Banco de Sabadell, S.A. (BME:SAB) for €59 million.

New 90-day high: €0.44

Full year 2020 earnings released: €0.013 loss per share (vs €0.13 profit in FY 2019)

Sabadell Updates on Potential Sale of TSB

Full year 2020 earnings released

Banco de Sabadell, S.A.(BME:SAB) dropped from S&P EUROPE 350

Sabadell Calls Off Merger Talks with BBVA

Spain's BBVA and Sabadell Announce Talks on Potential Merger

New 90-day high: €0.42

Third quarter earnings released

Banco de Sabadell, S.A. to Report Q3, 2020 Results on Oct 30, 2020

New 90-day low: €0.28

Funds managed and/or advised by Oaktree Capital Management, L.P. completed the acquisition of SDIN Residencial, S.L.U. and a pool of real estate assets from Banco de Sabadell, S.A. (BME:SAB).

New 90-day low: €0.29

New 90-day high - €0.37

First half earnings released

Banco de Sabadell, S.A. to Report Q2, 2020 Results on Jul 31, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members