It's Unlikely That Bank Hapoalim B.M.'s (TLV:POLI) CEO Will See A Huge Pay Rise This Year

Key Insights

• Bank Hapoalim B.M will host its Annual General Meeting on 20th of November
• Total pay for CEO Yadin Antebi includes ₪1.83m salary
• The total compensation is 317% higher than the average for the industry
• Bank Hapoalim B.M's EPS grew by 19% over the past three years while total shareholder return over the past three years was 64%

Performance at Bank Hapoalim B.M. (TLV:POLI) has been reasonably good and CEO Yadin Antebi has done a decent job of steering the company in the right direction. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 20th of November. However, some shareholders may still be hesitant of being overly generous with CEO compensation.

Check out our latest analysis for Bank Hapoalim B.M

How Does Total Compensation For Yadin Antebi Compare With Other Companies In The Industry?

According to our data, Bank Hapoalim B.M. has a market capitalization of ₪56b, and paid its CEO total annual compensation worth ₪3.6m over the year to December 2023. That's a modest increase of 7.1% on the prior year. We note that the salary of ₪1.83m makes up a sizeable portion of the total compensation received by the CEO.

On comparing similar companies in the Israel Banks industry with market capitalizations above ₪30b, we found that the median total CEO compensation was ₪873k. Hence, we can conclude that Yadin Antebi is remunerated higher than the industry median. Furthermore, Yadin Antebi directly owns ₪9.6m worth of shares in the company, implying that they are deeply invested in the company's success.

Component	2023	2021	Proportion (2023)
Salary	₪1.8m	₪1.7m	50%
Other	₪1.8m	₪1.7m	50%
Total Compensation	₪3.6m	₪3.4m	100%

Speaking on an industry level, nearly 59% of total compensation represents salary, while the remainder of 41% is other remuneration. Bank Hapoalim B.M sets aside a smaller share of compensation for salary, in comparison to the overall industry. If salary is the major component in total compensation, it suggests that the CEO receives a higher fixed proportion of the total compensation, regardless of performance.

Bank Hapoalim B.M.'s Growth

Bank Hapoalim B.M. has seen its earnings per share (EPS) increase by 19% a year over the past three years. It achieved revenue growth of 1.2% over the last year.

Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's good to see a bit of revenue growth, as this suggests the business is able to grow sustainably. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.

Has Bank Hapoalim B.M. Been A Good Investment?

We think that the total shareholder return of 64%, over three years, would leave most Bank Hapoalim B.M. shareholders smiling. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

In Summary...

Given that the company's overall performance has been reasonable, the CEO remuneration policy might not be shareholders' central point of focus in the upcoming AGM. Still, not all shareholders might be in favor of a pay raise to the CEO, seeing that they are already being paid higher than the industry.

CEO compensation is a crucial aspect to keep your eyes on but investors also need to keep their eyes open for other issues related to business performance. That's why we did some digging and identified 1 warning sign for Bank Hapoalim B.M that investors should think about before committing capital to this stock.

Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.