Patriot National Bancorp Management
Management criteria checks 3/4
Patriot National Bancorp's CEO is David Lowery, appointed in Apr 2023, has a tenure of 1.67 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 $19.32K. The average tenure of the management team and the board of directors is 2.3 years and 14.2 years respectively.
Key information
David Lowery
Chief executive officer
US$434.3k
Total compensation
| CEO salary percentage | 82.6% |
| CEO tenure | 1.7yrs |
| CEO ownership | 0.3% |
| Management average tenure | 2.3yrs |
| Board average tenure | 14.2yrs |
Recent management updates
Recent updates
Should You Be Adding Patriot National Bancorp (NASDAQ:PNBK) To Your Watchlist Today?
Aug 01
Here's Why We Think Patriot National Bancorp (NASDAQ:PNBK) Might Deserve Your Attention Today
Mar 21Patriot National Bancorp GAAP EPS of $0.32, revenue of $8.52M
Aug 05Patriot National announces termination of merger with American Challenger
Jul 21Patriot National Bancorp gets OCC approval for American Challenger merger
Jul 06CEO 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 below average for companies of similar size in the US market ($USD650.86K).
Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.
CEO
David Lowery (48 yo)
1.7yrs
Tenure
US$434,296
Compensation
Mr. David Christopher Lowery is Chief Executive Officer, President & Director of Patriot Bank, National Association and Patriot National Bancorp, Inc. since April 21, 2023. He served as Executive Vice Pres...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.7yrs | US$434.30k | 0.30% $ 19.3k | |
| Executive VP & Chief Payments Officer of Patriot Bank | 2.3yrs | US$462.88k | no data | |
| Executive VP & Interim CFO | less than a year | no data | 0% $ 0 | |
| Secretary & Chief Human Resources Officer | 10.1yrs | US$267.86k | 0.11% $ 7.3k | |
| Senior VP & Deputy Chief Credit Officer | no data | no data | no data | |
| VP & Senior Underwriter | 3.8yrs | no data | no data |
2.3yrs
Average Tenure
53yo
Average Age
Experienced Management: PNBK's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.7yrs | US$434.30k | 0.30% $ 19.3k | |
| Chairman of the Board | 14.2yrs | US$153.07k | 1.69% $ 108.3k | |
| Independent Director | 14.2yrs | US$56.57k | 0.54% $ 34.5k | |
| Independent Director | 14.2yrs | US$86.42k | 1.64% $ 104.7k | |
| Lead Independent Director | 14.2yrs | US$88.37k | 0.44% $ 28.1k | |
| Independent Director | 1.4yrs | US$16.12k | 0.036% $ 2.3k |
14.2yrs
Average Tenure
57.5yo
Average Age
Experienced Board: PNBK's board of directors are seasoned and experienced ( 14.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 10:38 |
| End of Day Share Price | 2024/12/20 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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 |