Patriot National Bancorp Management
Management criteria checks 2/4
Patriot National Bancorp's CEO is David Lowery, appointed in Apr 2023, has a tenure of 1.75 years. total yearly compensation is $434.30K, comprised of 82.6% salary and 17.4% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth €18.52K. The average tenure of the management team and the board of directors is 1.8 years and 14.3 years respectively.
Key information
David Lowery
Chief executive officer
US$434.3k
Total compensation
| CEO salary percentage | 82.6% |
| CEO tenure | 1.8yrs |
| CEO ownership | 0.3% |
| Management average tenure | 1.8yrs |
| Board average tenure | 14.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$29m |
| Jun 30 2024 | n/a | n/a | -US$6m |
| Mar 31 2024 | n/a | n/a | -US$4m |
| Dec 31 2023 | US$434k | US$359k | -US$4m |
| Sep 30 2023 | n/a | n/a | -US$3m |
| Jun 30 2023 | n/a | n/a | US$3m |
| Mar 31 2023 | n/a | n/a | US$5m |
| Dec 31 2022 | US$365k | US$272k | US$6m |
| Sep 30 2022 | n/a | n/a | US$6m |
| Jun 30 2022 | n/a | n/a | US$5m |
| Mar 31 2022 | n/a | n/a | US$5m |
| Dec 31 2021 | US$285k | US$185k | US$5m |
Compensation vs Market: David's total compensation ($USD434.30K) is about average for companies of similar size in the German market ($USD463.64K).
Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.
CEO
David Lowery (48 yo)
1.8yrs
Tenure
US$434,296
Compensation
Mr. David Christopher Lowery is Chief Executive Officer & Director of Patriot Bank, National Association and Patriot National Bancorp, Inc. since April 21, 2023 and served as their President since April 21...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.8yrs | US$434.30k | 0.30% € 18.5k | |
| Executive VP & Chief Payments Officer of Patriot Bank | no data | US$462.88k | no data | |
| President & Director | less than a year | no data | no data | |
| Executive VP & CFO | less than a year | no data | 0% € 0 | |
| Executive VP | 10.2yrs | US$267.86k | 0.11% € 7.0k | |
| Senior VP & Deputy Chief Credit Officer | no data | no data | no data | |
| VP & Senior Underwriter | 3.9yrs | no data | no data | |
| Executive VP & Chief Credit Officer | no data | no data | 0.16% € 9.6k |
1.8yrs
Average Tenure
52yo
Average Age
Experienced Management: PN21's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.8yrs | US$434.30k | 0.30% € 18.5k | |
| President & Director | less than a year | no data | no data | |
| Chairman of the Board | 14.3yrs | US$153.07k | 1.69% € 103.8k | |
| Independent Director | 14.3yrs | US$56.57k | 0.54% € 33.1k | |
| Independent Director | 14.3yrs | US$86.42k | 1.64% € 100.4k | |
| Lead Independent Director | 14.3yrs | US$88.37k | 0.44% € 26.9k | |
| Independent Director | 1.5yrs | US$16.12k | 0.036% € 2.2k |
14.3yrs
Average Tenure
57yo
Average Age
Experienced Board: PN21's board of directors are seasoned and experienced ( 14.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/31 10:55 |
| End of Day Share Price | 2025/01/31 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 |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Patriot National Bancorp, Inc. is covered by 2 analysts. 0 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 |
|---|---|
| Blair Brantley | Brean Capital |
| Brian Meredith | UBS Investment Bank |