Luther Burbank Management
Management criteria checks 4/4
Luther Burbank's CEO is Simone Lagomarsino, appointed in Jan 2019, has a tenure of 5.17 years. total yearly compensation is $2.23M, comprised of 35.6% salary and 64.4% bonuses, including company stock and options. directly owns 0.48% of the company’s shares, worth $2.24M. The average tenure of the management team and the board of directors is 3.5 years and 8.4 years respectively.
Key information
Simone Lagomarsino
Chief executive officer
US$2.2m
Total compensation
| CEO salary percentage | 35.6% |
| CEO tenure | 5.2yrs |
| CEO ownership | 0.5% |
| Management average tenure | 3.5yrs |
| Board average tenure | 8.4yrs |
Recent management updates
Recent updates
Luther Burbank goes ex dividend tomorrow
Aug 03Luther Burbank (NASDAQ:LBC) Is Due To Pay A Dividend Of $0.12
Jul 30
Luther Burbank's (NASDAQ:LBC) Shareholders Will Receive A Bigger Dividend Than Last Year
Oct 30Is Now The Time To Put Luther Burbank (NASDAQ:LBC) On Your Watchlist?
Oct 29Luther Burbank (NASDAQ:LBC) Is Increasing Its Dividend To US$0.12
Aug 03Luther Burbank Corporation 2021 Q1 - Results - Earnings Call Presentation
Apr 30Don't Ignore The Fact That This Insider Just Sold Some Shares In Luther Burbank Corporation (NASDAQ:LBC)
Mar 04Just Three Days Till Luther Burbank Corporation (NASDAQ:LBC) Will Be Trading Ex-Dividend
Jan 31
Luther Burbank Corporation 2020 Q4 - Results - Earnings Call Presentation
Jan 29Should You Or Shouldn't You: A Dividend Analysis on Luther Burbank Corporation (NASDAQ:LBC)
Jan 11Who Has Been Selling Luther Burbank Corporation (NASDAQ:LBC) Shares?
Dec 07Luther Burbank Corporation 2020 Q3 - Results - Earnings Call Presentation
Nov 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | US$36m |
| Jun 30 2023 | n/a | n/a | US$55m |
| Mar 31 2023 | n/a | n/a | US$71m |
| Dec 31 2022 | US$2m | US$792k | US$80m |
| Sep 30 2022 | n/a | n/a | US$90m |
| Jun 30 2022 | n/a | n/a | US$94m |
| Mar 31 2022 | n/a | n/a | US$92m |
| Dec 31 2021 | US$2m | US$700k | US$88m |
| Sep 30 2021 | n/a | n/a | US$73m |
| Jun 30 2021 | n/a | n/a | US$63m |
| Mar 31 2021 | n/a | n/a | US$51m |
| Dec 31 2020 | US$2m | US$713k | US$40m |
| Sep 30 2020 | n/a | n/a | US$44m |
| Jun 30 2020 | n/a | n/a | US$42m |
| Mar 31 2020 | n/a | n/a | US$44m |
| Dec 31 2019 | US$3m | US$700k | US$49m |
Compensation vs Market: Simone's total compensation ($USD2.23M) is about average for companies of similar size in the US market ($USD2.19M).
Compensation vs Earnings: Simone's compensation has been consistent with company performance over the past year.
CEO
Simone Lagomarsino (62 yo)
5.2yrs
Tenure
US$2,227,252
Compensation
Ms. Simone F. Lagomarsino serves as Chief Executive Officer and President of Luther Burbank Corporation and Luther Burbank Savings since January 2, 2019. She was Chairman of FHL Bank of San Francisco at Fe...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5.2yrs | US$2.23m | 0.48% $ 2.2m | |
| Executive VP & Chief Risk Officer | no data | US$851.52k | 0.065% $ 302.7k | |
| CFO & Head of Investor Relations | no data | no data | no data | |
| Executive VP and Chief Operations & Technology Officer | 4.2yrs | no data | 0.029% $ 136.1k | |
| Senior VP | 2.2yrs | no data | no data | |
| Executive VP & Head of Retail Banking | no data | no data | 0.024% $ 112.4k | |
| Executive VP & Chief Credit Officer | 2.9yrs | no data | 0.092% $ 429.5k | |
| Senior VP & Director of Single Family Residential Lending | no data | no data | no data |
3.5yrs
Average Tenure
52yo
Average Age
Experienced Management: LBC's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5.3yrs | US$2.23m | 0.48% $ 2.2m | |
| Independent Director | 25.2yrs | US$129.35k | 0.11% $ 503.8k | |
| Lead Independent Director | 11.2yrs | US$179.35k | 0.15% $ 713.4k | |
| Independent Director | 2.4yrs | US$104.35k | 0.019% $ 88.6k | |
| Independent Director | 7.2yrs | US$104.35k | 0.10% $ 470.5k | |
| Independent Director | 9.6yrs | US$129.35k | 0.12% $ 557.8k | |
| Chairman of the Board | 41.2yrs | US$796.83k | 62.77% $ 293.0m | |
| Independent Director | 3.3yrs | US$104.35k | 0.031% $ 143.1k |
8.4yrs
Average Tenure
65yo
Average Age
Experienced Board: LBC's board of directors are considered experienced (8.4 years average tenure).