Silvergate Capital Management

Management criteria checks 1/4

Silvergate Capital's CEO is Kate Fraher, appointed in Aug 2023, has a tenure of less than a year. directly owns 0.038% of the company’s shares, worth €4.51K. The average tenure of the management team and the board of directors is 1.2 years and 11.3 years respectively.

Key information

Kate Fraher

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	0.04%
Management average tenure	1.2yrs
Board average tenure	11.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kate Fraher's remuneration changed compared to Silvergate Capital's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2022	n/a	n/a	-US$949m
Sep 30 2022	n/a	n/a	US$120m
Jun 30 2022	n/a	n/a	US$102m
Mar 31 2022	n/a	n/a	US$88m
Dec 31 2021	US$848k	US$350k	US$76m
Sep 30 2021	n/a	n/a	US$66m
Jun 30 2021	n/a	n/a	US$50m
Mar 31 2021	n/a	n/a	US$34m
Dec 31 2020	US$542k	US$345k	US$26m

Compensation vs Market: Insufficient data to establish whether Kate's total compensation is reasonable compared to companies of similar size in the German market.

Compensation vs Earnings: Kate's compensation has increased whilst the company is unprofitable.

CEO

Kate Fraher (44 yo)

less than a year

Tenure

US$848,018

Compensation

Ms. Kathleen M. Fraher, also known as Kate, joined Silvergate Bank in 2006. She serves as Chief Transition Officer and Chief Risk Officer at Silvergate Bank and serves as its Principal Executive Officer si...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kathleen Fraher	Principal Executive Officer	less than a year	US$848.02k	0.038% $ 4.5k
Andrew Surry	Principal Financial Officer	less than a year	no data	no data
Hunter Stenback	Head of Investor Relations	no data	no data	no data
Son-Jai Paik	Chief Human Resources Officer	4yrs	no data	no data
Elaine Batlis	Executive VP & Manager of Warehouse Lending Division	no data	no data	no data
Alaric Eby	Chief Product Development Officer	1.8yrs	no data	no data
Judith Knowles	Secretary	no data	no data	no data

1.2yrs

Average Tenure

50yo

Average Age

Experienced Management: 0XZ's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Thomas Dircks	Independent Director	11.3yrs	US$140.45k	0.19% $ 22.8k
Scott Reed	Independent Director	9.3yrs	US$131.86k	0.075% $ 8.9k
Karen Brassfield	Independent Director	11.3yrs	US$152.96k	0.047% $ 5.6k
Paul Colucci	Independent Director	11.3yrs	US$133.15k	0.20% $ 23.6k
Michael Lempres	Independent Chairman	4.5yrs	US$157.92k	0.019% $ 2.3k

11.3yrs

Average Tenure

63yo

Average Age

Experienced Board: 0XZ's board of directors are seasoned and experienced ( 11.3 years average tenure).

Silvergate Capital Management

Management criteria checks 1/4

Key information

Recent management updates

Silvergate Capital Corporation Announces Board Changes

Insufficient new directors

Rebecca Rettig to Resign from the Boards of Directors of Silvergate Capital Corporation and Silvergate Bank

Silvergate Capital Corporation and Silvergate Bank Announce Executive Appointments

Silvergate Capital Corporation and Silvergate Bank Appoint Mary-Margaret Henke to Their Board of Directors

Silvergate Capital Corporation Announces Addition of Alaric Eby as Chief Product Development Officer

Recent updates

Silvergate Capital Corporation Announces Board Changes

Silvergate Capital Corporation Does Not Intend to Appeal the NYSE's Determination, and Expects its Securities to be Delisted from the NYSE

Silvergate Capital Corporation announced delayed 10-Q filing

Insufficient new directors

Rebecca Rettig to Resign from the Boards of Directors of Silvergate Capital Corporation and Silvergate Bank

Rosen Law Firm Announces the Filing of A New Class Action Lawsuit on Behalf of Purchasers of the Securities of Silvergate Capital Corporation

Silvergate Capital Corporation to Report Q4, 2022 Results on Jan 17, 2023

Silvergate Capital Corporation to Report Q4, 2022 Results on Jan 05, 2023

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Glancy Prongay & Murray LLP Files Securities Lawsuit Against Silvergate Capital Corporation

Investor sentiment deteriorated over the past week

Silvergate Capital Corporation and Silvergate Bank Announce Executive Appointments

Third quarter 2022 earnings released: EPS: US$1.28 (vs US$0.89 in 3Q 2021)

Investor sentiment deteriorated over the past week

Silvergate Capital Corporation to Report Q3, 2022 Results on Oct 18, 2022

Investor sentiment deteriorated over the past week

Silvergate Capital Corporation and Silvergate Bank Appoint Mary-Margaret Henke to Their Board of Directors

Silvergate Capital Corporation Announces Addition of Alaric Eby as Chief Product Development Officer

Second quarter 2022 earnings released: EPS: US$1.14 (vs US$0.81 in 2Q 2021)

Investor sentiment improved over the past week

Silvergate Capital Corporation to Report Q2, 2022 Results on Jul 19, 2022

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS: US$0.79 (vs US$0.56 in 1Q 2021)

Executive VP & COO recently sold €185k worth of stock

Executive VP & COO recently sold €185k worth of stock

First quarter 2022 earnings released: EPS: US$0.79 (vs US$0.56 in 1Q 2021)

Silvergate Capital Corporation, Annual General Meeting, Jun 10, 2022

Silvergate Capital Corporation to Report Q1, 2022 Results on Apr 19, 2022

Investor sentiment improved over the past week

Now 24% undervalued after recent price drop

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

Now 24% undervalued after recent price drop

Independent Director recently sold €300k worth of stock

Investor sentiment deteriorated over the past week

Now 21% undervalued after recent price drop

Investor sentiment improved over the past week

Silvergate Capital Corporation (NYSE:SI) acquired Blockchain-Based Payment Network Assets from Diem Association for approximately $170 million.

Silvergate Capital Corporation (NYSE:SI) acquired assets related to the running of the Diem Payment Network from Diem Association.

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

Investor sentiment deteriorated over the past week

Now 30% undervalued after recent price drop

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Independent Director recently sold €3.2m worth of stock

Third quarter 2021 earnings released: EPS US$0.89 (vs US$0.38 in 3Q 2020)

Investor sentiment improved over the past week

Insider recently sold €935k worth of stock

Executive VP & COO recently sold €214k worth of stock

Investor sentiment improved over the past week

Insider recently sold €4.0m worth of stock

Second quarter 2021 earnings released: EPS US$0.81 (vs US$0.29 in 2Q 2020)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Silvergate Capital Corporation(NYSE:SI) dropped from Russell Microcap Value Index

President recently sold €937k worth of stock

Independent Director recently sold €947k worth of stock

Independent Director recently sold €729k worth of stock

Investor sentiment improved over the past week

Silvergate Capital Corporation has completed a Follow-on Equity Offering in the amount of $300 million.

First quarter 2021 earnings released: EPS US$0.56 (vs US$0.23 in 1Q 2020)

Investor sentiment deteriorated over the past week

First quarter 2021 earnings released: EPS US$0.68 (vs US$0.23 in 1Q 2020)

Chairman of the Board recently sold €2.9m worth of stock

Full year 2020 earnings released: EPS US$1.39 (vs US$1.38 in FY 2019)

Revenue beats expectations

Investor sentiment deteriorated over the past week