California BanCorp Management

Management criteria checks 4/4

California BanCorp's CEO is Steve Shelton, appointed in May 2018, has a tenure of 5.92 years. total yearly compensation is $940.27K, comprised of 55.9% salary and 44.1% bonuses, including company stock and options. directly owns 0.58% of the company’s shares, worth $1.05M. The average tenure of the management team and the board of directors is 5.9 years and 8.8 years respectively.

Key information

Steve Shelton

Chief executive officer

US$940.3k

Total compensation

CEO salary percentage	55.9%
CEO tenure	5.9yrs
CEO ownership	0.6%
Management average tenure	5.9yrs
Board average tenure	8.8yrs

Recent management updates

Recent updates

California BanCorp GAAP EPS of $0.51, revenue of $5.6M

Jul 28

Should Shareholders Reconsider California BanCorp's (NASDAQ:CALB) CEO Compensation Package?

May 14

California BanCorp EPS beats by $0.07, beats on revenue

Apr 30

Update: California BanCorp (NASDAQ:CALB) Stock Gained 42% In The Last Five Years

Mar 10

Have Insiders Been Buying California BanCorp (NASDAQ:CALB) Shares?

Feb 03

California BanCorp EPS beats by $0.13, beats on revenue

Jan 29

What You Need To Know About California BanCorp's (NASDAQ:CALB) Investor Composition

Dec 30

California BanCorp EPS misses by $0.03, beats on revenue

Oct 29

CEO Compensation Analysis

How has Steve Shelton's remuneration changed compared to California BanCorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$940k	US$526k	US$22m
Sep 30 2023	n/a	n/a	US$24m
Jun 30 2023	n/a	n/a	US$24m
Mar 31 2023	n/a	n/a	US$23m
Dec 31 2022	US$877k	US$432k	US$21m
Sep 30 2022	n/a	n/a	US$17m
Jun 30 2022	n/a	n/a	US$14m
Mar 31 2022	n/a	n/a	US$14m
Dec 31 2021	US$847k	US$416k	US$13m
Sep 30 2021	n/a	n/a	US$12m
Jun 30 2021	n/a	n/a	US$9m
Mar 31 2021	n/a	n/a	US$7m
Dec 31 2020	US$689k	US$400k	US$4m
Sep 30 2020	n/a	n/a	US$3m
Jun 30 2020	n/a	n/a	US$5m
Mar 31 2020	n/a	n/a	US$6m
Dec 31 2019	US$1m	US$386k	US$7m
Sep 30 2019	n/a	n/a	US$9m
Jun 30 2019	n/a	n/a	US$9m
Mar 31 2019	n/a	n/a	US$9m
Dec 31 2018	US$549k	US$324k	US$9m
Sep 30 2018	n/a	n/a	US$7m
Jun 30 2018	n/a	n/a	US$6m
Mar 31 2018	n/a	n/a	US$6m
Dec 31 2017	US$513k	US$220k	US$6m

Compensation vs Market: Steve's total compensation ($USD940.27K) is below average for companies of similar size in the US market ($USD1.60M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.

CEO

Steve Shelton (62 yo)

5.9yrs

Tenure

US$940,266

Compensation

Mr. Steven E. Shelton, also known as Steve, has been the Chief Executive Officer of California BanCorp and California Bank of Commerce since May 7, 2018 and had been their President since May 7, 2018 until...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Steven Shelton	CEO & Director	5.9yrs	US$940.27k	0.58% $ 1.0m
Thomas Sa	President	4.9yrs	US$715.36k	0.18% $ 330.7k
John Lehman	Senior Vice President of Operations & Compliance	no data	no data	no data
John Lindstedt	Senior Executive Vice President	6.1yrs	US$357.78k	no data
Amy Efland	Senior VP	9.3yrs	no data	no data
Lawrence LaCroix	Executive VP & Manager of Sponsor Finance	4yrs	no data	no data
Marina Kremer	Senior Vice President of Sponsor Finance Lending Division	3.8yrs	no data	no data
Tommiette Rey	Assistant VP & Corporate Secretary	no data	no data	no data
Franklin Haggas	VP & Relationship Manager	11.3yrs	no data	no data
James Christiansen	Executive Vice President of CBC Business Credit Division	no data	no data	no data

5.9yrs

Average Tenure

62yo

Average Age

Experienced Management: CALB's management team is seasoned and experienced (5.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Steven Shelton	CEO & Director	6.3yrs	US$940.27k	0.58% $ 1.0m
Julie Levenson	Independent Director	2.3yrs	US$69.00k	0.059% $ 107.7k
Andrew Armanino	Independent Director	11.3yrs	US$81.00k	1.26% $ 2.3m
Stephen Cortese	Independent Chairman of the Board	17.3yrs	US$114.00k	2.77% $ 5.0m
Rochelle Klein	Independent Director	17.3yrs	US$81.00k	2% $ 3.6m
Stephen Dathe	Independent Director	17.3yrs	US$81.00k	0.60% $ 1.1m
Kevin Cullen	Independent Director	17.3yrs	US$81.00k	0.57% $ 1.0m
Frank Muller	Independent Director	4.3yrs	US$69.00k	0.17% $ 315.9k
Millicent Tracey	Independent Director	2.3yrs	US$66.00k	0.052% $ 95.1k
Theodore Wilm	Independent Director	1.1yrs	no data	no data

8.8yrs

Average Tenure

61yo

Average Age

Experienced Board: CALB's board of directors are considered experienced (8.8 years average tenure).

California BanCorp Management

Management criteria checks 4/4

Key information

Recent management updates

Insider recently sold US$63k worth of stock

California BanCorp Announces Resignation of Wayne Doiguchi as Board of Directors, Effective as of December 31, 2023

Senior EVP recently bought US$72k worth of stock

California Bancorp Elects Stephen R. Dathe as Director

Insider recently sold US$173k worth of stock

California BanCorp Announces Executive Changes

Recent updates

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Insider recently sold US$63k worth of stock

Price target increased by 10% to US$30.83

Southern California Bancorp (NasdaqCM:BCAL) entered into an agreement to acquire California BanCorp (NasdaqGS:CALB) for $230 million.

Price target increased by 9.7% to US$26.33

California BanCorp Announces Resignation of Wayne Doiguchi as Board of Directors, Effective as of December 31, 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations

Price target increased by 7.9% to US$24.00

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Senior EVP recently bought US$72k worth of stock

California Bancorp Elects Stephen R. Dathe as Director

Price target decreased by 11% to US$23.00

Investor sentiment deteriorates as stock falls 17%

Now 24% undervalued after recent price drop

Price target decreased by 11% to US$25.75

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Investor sentiment deteriorates as stock falls 16%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

California BanCorp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Price target increased to US$27.83

Price target increased to US$27.25

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Insider recently sold US$173k worth of stock

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 22%

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

California BanCorp GAAP EPS of $0.51, revenue of $5.6M

Price target increased to US$27.50

California BanCorp Announces Executive Changes

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

California BanCorp, Annual General Meeting, May 19, 2022

Price target increased to US$26.00

Consensus EPS estimates fall by 12%

Price target increased to US$25.50

Full year 2021 earnings: EPS and revenues miss analyst expectations

Third quarter 2021 earnings released: EPS US$0.39 (vs US$0.061 in 3Q 2020)

California BanCorp announced that it has received $35 million in funding

Price target increased to US$23.00

Second quarter 2021 earnings released: EPS US$0.51 (vs US$0.19 in 2Q 2020)

California BanCorp(NasdaqGS:CALB) dropped from Russell 3000E Value Index

First quarter 2021 earnings released: EPS US$0.34 (vs US$0.058 in 1Q 2020)

Should Shareholders Reconsider California BanCorp's (NASDAQ:CALB) CEO Compensation Package?

Consensus EPS estimates increase to US$1.21

First quarter 2021 earnings released: EPS US$0.34 (vs US$0.058 in 1Q 2020)

California BanCorp EPS beats by $0.07, beats on revenue

Full year 2020 earnings released: EPS US$0.53 (vs US$0.87 in FY 2019)

Update: California BanCorp (NASDAQ:CALB) Stock Gained 42% In The Last Five Years

New 90-day high: US$18.10

Investor sentiment improved over the past week

California BanCorp and California Bank Of Commerce Appoint Julie Levenson to Board of Directors

Investor sentiment improved over the past week

Have Insiders Been Buying California BanCorp (NASDAQ:CALB) Shares?

Full year 2020 earnings released: EPS US$0.53 (vs US$0.87 in FY 2019)

Revenue and earnings beat expectations

California BanCorp EPS beats by $0.13, beats on revenue

New 90-day low: US$13.27

Lindsey Fudge Joins California Bank of Commerce as Senior Relationship Manager

New 90-day high: US$17.71

What You Need To Know About California BanCorp's (NASDAQ:CALB) Investor Composition

New 90-day high: US$17.00

Revenue beats expectations, earnings disappoint

Market bids up stock over the past week

New 90-day high: US$15.21

Analysts lower EPS estimates to US$0.40

Third-quarter earnings released: Revenue beats expectations, earnings disappoint

Third quarter earnings released

California BanCorp EPS misses by $0.03, beats on revenue

New 90-day low: US$11.68

New 90-day low - US$12.41