Partners Bancorp Management

Management criteria checks 4/4

Partners Bancorp's CEO is John Breda, appointed in Nov 2019, has a tenure of 4.08 years. total yearly compensation is $474.62K, comprised of 72.2% salary and 27.8% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth $214.12K. The average tenure of the management team and the board of directors is 4.1 years and 4.9 years respectively.

Key information

John Breda

Chief executive officer

US$474.6k

Total compensation

CEO salary percentage	72.2%
CEO tenure	4.1yrs
CEO ownership	0.2%
Management average tenure	4.1yrs
Board average tenure	4.9yrs

Recent management updates

Recent updates

Partners Bancorp GAAP EPS of $0.18, revenue of $14.34M

Aug 01

Trade Alert: The Independent Director Of Partners Bancorp (NASDAQ:PTRS), Michael Clarke, Has Just Spent US$321k Buying 78% More Shares

Mar 12

If You Had Bought Partners Bancorp (NASDAQ:PTRS) Shares Five Years Ago You'd Have Earned 17% Returns

Feb 22

Here's What Partners Bancorp's (NASDAQ:PTRS) Shareholder Ownership Structure Looks Like

Jan 15

Trade Alert: The Director Of Partners Bancorp (NASDAQ:PTRS), Steven Mote, Has Just Spent US$64k Buying 59% More Shares

Dec 11

CEO Compensation Analysis

How has John Breda's remuneration changed compared to Partners Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	US$16m
Jun 30 2023	n/a	n/a	US$15m
Mar 31 2023	n/a	n/a	US$15m
Dec 31 2022	US$475k	US$343k	US$14m
Sep 30 2022	n/a	n/a	US$11m
Jun 30 2022	n/a	n/a	US$9m
Mar 31 2022	n/a	n/a	US$8m
Dec 31 2021	US$441k	US$333k	US$7m
Sep 30 2021	n/a	n/a	US$7m
Jun 30 2021	n/a	n/a	US$5m
Mar 31 2021	n/a	n/a	US$4m
Dec 31 2020	US$359k	US$303k	US$6m
Sep 30 2020	n/a	n/a	US$6m
Jun 30 2020	n/a	n/a	US$6m
Mar 31 2020	n/a	n/a	US$7m
Dec 31 2019	US$1m	US$266k	US$6m
Sep 30 2019	n/a	n/a	US$6m
Jun 30 2019	n/a	n/a	US$7m
Mar 31 2019	n/a	n/a	US$6m
Dec 31 2018	US$310k	US$258k	US$5m
Sep 30 2018	n/a	n/a	US$4m
Jun 30 2018	n/a	n/a	US$3m
Mar 31 2018	n/a	n/a	US$4m
Dec 31 2017	US$277k	US$228k	US$3m

Compensation vs Market: John's total compensation ($USD474.62K) is below average for companies of similar size in the US market ($USD738.70K).

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

CEO

John Breda (62 yo)

4.1yrs

Tenure

US$474,624

Compensation

Mr. John W. Breda serves as President of Partners Bancorp (formerly Delmar Bancorp) since November 15, 2019 and serves as its Chief Executive Officer since December 08, 2022 and served as its Chief Operati...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Breda	President	4.1yrs	US$474.62k	0.17% $ 214.1k
J. Sothen	Executive VP & CFO	4.1yrs	US$295.76k	0% $ 0
Elizabeth Eicher Holland	Chief Accounting Officer	4.1yrs	US$263.30k	no data
Lloyd Harrison	Senior EVP & Director	less than a year	US$445.35k	1.11% $ 1.4m
Roy Lewis	Senior VP & Chief Information & Technology Officer	4.8yrs	no data	no data

4.1yrs

Average Tenure

54yo

Average Age

Experienced Management: PTRS's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Breda	President	5.9yrs	US$474.62k	0.17% $ 214.1k
Lloyd Harrison	Senior EVP & Director	4.1yrs	US$445.35k	1.11% $ 1.4m
Kenneth Lehman	Independent Director	9.4yrs	US$39.15k	41.09% $ 52.8m
Michael Clarke	Independent Director	2.8yrs	US$120.00k	1.13% $ 1.5m
James Tamburro	Independent Director	5.8yrs	US$41.30k	0.12% $ 158.0k
Jeffrey Turner	Chairman of the Board	14.9yrs	US$150.20k	0.33% $ 426.7k
Robert Wheatley	Independent Director	25.6yrs	US$43.60k	0.084% $ 108.1k
Mona Albertine	Independent Director	4.1yrs	US$34.60k	0.32% $ 406.0k
George Snead	Vice Chairman of the Board of Directors	4.1yrs	US$46.50k	0.13% $ 172.8k
David Doane	Independent Director	less than a year	US$19.35k	0.014% $ 17.7k

4.9yrs

Average Tenure

65yo

Average Age

Experienced Board: PTRS's board of directors are considered experienced (4.9 years average tenure).

Partners Bancorp Management

Management criteria checks 4/4

Key information

Recent management updates

Insufficient new directors

Partners Bancorp Announces CEO Transition

Partners Bancorp Announces Retirement of Steven R. Mote from the Boards of the Company and Its Subsidiary, Virginia Partners Bank

Partners Bancorp, Annual General Meeting, Dec 14, 2022

High number of new directors

CEO & Director exercised options to buy US$286k worth of stock.

Recent updates

Partners Bancorp Files Form 15

LINKBANCORP, Inc. (NasdaqCM:LNKB) completed the acquisition of Partners Bancorp (NasdaqCM:PTRS) in a merger of equals.

Partners Bancorp Requests Nasdaq to File Form 25

Partners Bancorp Declares Cash Dividend, Payable on November 27, 2023

Third quarter 2023 earnings released: EPS: US$0.25 (vs US$0.23 in 3Q 2022)

Upcoming dividend of US$0.04 per share at 2.2% yield

Second quarter 2023 earnings released: EPS: US$0.21 (vs US$0.18 in 2Q 2022)

Partners Bancorp Declares Cash Dividend, Payable on August 17, 2023

Investor sentiment deteriorates as stock falls 20%

Upcoming dividend of US$0.04 per share at 2.5% yield

Full year 2022 earnings released: EPS: US$0.76 (vs US$0.42 in FY 2021)

Investor sentiment deteriorates as stock falls 16%

Full year 2022 earnings released: EPS: US$0.76 (vs US$0.42 in FY 2021)

Insufficient new directors

Partners Bancorp Declares Cash Dividend, Payable on February 15, 2023

Partners Bancorp Announces CEO Transition

OceanFirst Financial Corp. (NasdaqGS:OCFC) cancelled the acquisition of Partners Bancorp (NasdaqCM:PTRS).

Upcoming dividend of US$0.04 per share

Third quarter 2022 earnings released: EPS: US$0.23 (vs US$0.15 in 3Q 2021)

Partners Bancorp Declares Cash Dividend, Payable on November 17, 2022

Partners Bancorp Announces Retirement of Steven R. Mote from the Boards of the Company and Its Subsidiary, Virginia Partners Bank

Partners Bancorp, Annual General Meeting, Dec 14, 2022

Upcoming dividend of US$0.025 per share

Partners Bancorp Announces Net Charge Offs for the Second Quarter Ended June 30, 2022

Partners Bancorp GAAP EPS of $0.18, revenue of $14.34M

Partners Bancorp Declares A Cash Dividend, Payable on August 19, 2022

Partners Bancorp Announces Cash Dividend, Payable on May 16, 2022

First quarter 2022 earnings released: EPS: US$0.12 (vs US$0.061 in 1Q 2021)

Upcoming dividend of US$0.025 per share

High number of new directors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Partners Bancorp Declares Cash Dividend, Payable on February 15, 2022

Upcoming dividend of US$0.025 per share

CEO & Director exercised options to buy US$286k worth of stock.

High number of new directors

Third quarter 2021 earnings released: EPS US$0.15 (vs US$0.063 in 3Q 2020)

Upcoming dividend of US$0.025 per share

Partners Bancorp Announces Net Charge Offs for the Second Quarter Ended June 30, 2021

Second quarter 2021 earnings released: EPS US$0.12 (vs US$0.058 in 2Q 2020)

Partners Bancorp(NasdaqCM:PTRS) dropped from Russell 3000E Value Index

Upcoming dividend of US$0.025 per share

Independent Director recently bought US$166k worth of stock

Independent Director recently bought US$246k worth of stock

First quarter 2021 earnings released: EPS US$0.061 (vs US$0.14 in 1Q 2020)

Delmar Bancorp Declares Cash Dividend, Payable on July 1, 2021

Upcoming Dividend of US$0.025 Per Share

Trade Alert: The Independent Director Of Partners Bancorp (NASDAQ:PTRS), Michael Clarke, Has Just Spent US$321k Buying 78% More Shares

Independent Director recently bought US$321k worth of stock

Full year 2020 earnings released: EPS US$0.32 (vs US$0.54 in FY 2019)

If You Had Bought Partners Bancorp (NASDAQ:PTRS) Shares Five Years Ago You'd Have Earned 17% Returns

Partners Bancorp Appoints Michael W. Clarke to Serve as Member of the Board of Directors

New 90-day high: US$6.94

Here's What Partners Bancorp's (NASDAQ:PTRS) Shareholder Ownership Structure Looks Like

New 90-day high: US$6.63

Director recently bought US$64k worth of stock

Trade Alert: The Director Of Partners Bancorp (NASDAQ:PTRS), Steven Mote, Has Just Spent US$64k Buying 59% More Shares

Partners Bancorp and Virginia Partners Bank Announce Key Promotion and Two Key Hires of Executives

New 90-day high: US$6.50

Market bids up stock over the past week

Third quarter 2020 earnings released: EPS US$0.063

Third quarter 2020 earnings released: EPS US$0.063

New 90-day low: US$5.02

New 90-day low: US$5.25

New 90-day low - US$5.65

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation