Why We Think The CEO Of Santander Bank Polska S.A. (WSE:SPL) May Soon See A Pay Rise

Key Insights

• Santander Bank Polska will host its Annual General Meeting on 15th of April
• CEO Michal Gajewski's total compensation includes salary of zł3.33m
• Total compensation is 37% below industry average
• Over the past three years, Santander Bank Polska's EPS grew by 67% and over the past three years, the total shareholder return was 103%

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Shareholders will be pleased by the impressive results for Santander Bank Polska S.A. (WSE:SPL) recently and CEO Michal Gajewski has played a key role. This would be kept in mind at the upcoming AGM on 15th of April which will be a chance for them to hear the board review the financial results, discuss future company strategy and vote on resolutions such as executive remuneration and other matters. We think the CEO has done a pretty decent job and probably deserves a well-earned pay rise.

Check out our latest analysis for Santander Bank Polska

Comparing Santander Bank Polska S.A.'s CEO Compensation With The Industry

Our data indicates that Santander Bank Polska S.A. has a market capitalization of zł53b, and total annual CEO compensation was reported as zł7.1m for the year to December 2024. We note that's an increase of 15% above last year. While we always look at total compensation first, our analysis shows that the salary component is less, at zł3.3m.

In comparison with other companies in the Polish Banks industry with market capitalizations over zł31b, the reported median total CEO compensation was zł11m. That is to say, Michal Gajewski is paid under the industry median.

Component	2024	2023	Proportion (2024)
Salary	zł3.3m	zł3.2m	47%
Other	zł3.8m	zł3.1m	53%
Total Compensation	zł7.1m	zł6.2m	100%

Talking in terms of the industry, salary represented approximately 58% of total compensation out of all the companies we analyzed, while other remuneration made up 42% of the pie. It's interesting to note that Santander Bank Polska allocates a smaller portion of compensation to salary in comparison to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.

Santander Bank Polska S.A.'s Growth

Santander Bank Polska S.A.'s earnings per share (EPS) grew 67% per year over the last three years. It achieved revenue growth of 8.6% 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 Santander Bank Polska S.A. Been A Good Investment?

Most shareholders would probably be pleased with Santander Bank Polska S.A. for providing a total return of 103% over three years. 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...

The company's solid performance might have made most shareholders happy, possibly making CEO remuneration the least of the matters to be discussed in the AGM. However, investors will get the chance to engage on key strategic initiatives and future growth opportunities for the company and set their longer-term expectations.

While CEO pay is an important factor to be aware of, there are other areas that investors should be mindful of as well. That's why we did some digging and identified 2 warning signs for Santander Bank Polska that you should be aware of before investing.

Important note: Santander Bank Polska is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.

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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.