Evans Bancorp Management

Management criteria checks 3/4

Evans Bancorp's CEO is David Nasca, appointed in Dec 2006, has a tenure of 17.42 years. total yearly compensation is $1.04M, comprised of 55.6% salary and 44.4% bonuses, including company stock and options. directly owns 1.78% of the company’s shares, worth $2.41M. The average tenure of the management team and the board of directors is 8.5 years and 10.3 years respectively.

Key information

David Nasca

Chief executive officer

US$1.0m

Total compensation

CEO salary percentage	55.6%
CEO tenure	17.4yrs
CEO ownership	1.8%
Management average tenure	8.5yrs
Board average tenure	10.3yrs

Recent management updates

Recent updates

Here's Why It's Unlikely That Evans Bancorp, Inc.'s (NYSEMKT:EVBN) CEO Will See A Pay Rise This Year

Apr 28

Interested In Evans Bancorp's (NYSEMKT:EVBN) Upcoming US$0.60 Dividend? You Have Four Days Left

Mar 10

How Does Evans Bancorp, Inc. (NYSEMKT:EVBN) Fare As A Dividend Stock?

Mar 03

How Much Of Evans Bancorp, Inc. (NYSEMKT:EVBN) Do Institutions Own?

Jan 27

If You Had Bought Evans Bancorp's (NYSEMKT:EVBN) Shares Three Years Ago You Would Be Down 34%

Dec 23

Is Evans Bancorp, Inc.'s (NYSEMKT:EVBN) 4.2% Dividend Worth Your Time?

Nov 27

CEO Compensation Analysis

How has David Nasca's remuneration changed compared to Evans Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$21m
Dec 31 2023	US$1m	US$580k	US$25m
Sep 30 2023	n/a	n/a	US$20m
Jun 30 2023	n/a	n/a	US$23m
Mar 31 2023	n/a	n/a	US$23m
Dec 31 2022	US$1m	US$563k	US$22m
Sep 30 2022	n/a	n/a	US$22m
Jun 30 2022	n/a	n/a	US$23m
Mar 31 2022	n/a	n/a	US$24m
Dec 31 2021	US$1m	US$550k	US$24m
Sep 30 2021	n/a	n/a	US$24m
Jun 30 2021	n/a	n/a	US$22m
Mar 31 2021	n/a	n/a	US$16m
Dec 31 2020	US$986k	US$545k	US$11m
Sep 30 2020	n/a	n/a	US$9m
Jun 30 2020	n/a	n/a	US$10m
Mar 31 2020	n/a	n/a	US$13m
Dec 31 2019	US$1m	US$518k	US$17m
Sep 30 2019	n/a	n/a	US$18m
Jun 30 2019	n/a	n/a	US$17m
Mar 31 2019	n/a	n/a	US$17m
Dec 31 2018	US$1m	US$484k	US$16m
Sep 30 2018	n/a	n/a	US$13m
Jun 30 2018	n/a	n/a	US$12m
Mar 31 2018	n/a	n/a	US$11m
Dec 31 2017	US$885k	US$453k	US$10m

Compensation vs Market: David's total compensation ($USD1.04M) is above average for companies of similar size in the US market ($USD674.55K).

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

CEO

David Nasca (65 yo)

17.4yrs

Tenure

US$1,041,488

Compensation

Mr. David John Nasca is Vice Chair of Federal Home Loan Bank of New York. He has been the Chief Executive Officer at Evans BanCorp, Inc. and Evans Bank NA (Evans Bank, National Association) since April 1,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Nasca	CEO, President & Director	17.4yrs	US$1.04m	1.78% $ 2.4m
Kenneth Pawlak	Executive VP & Chief Growth Officer of Evans Bank	1.3yrs	US$420.60k	0.11% $ 151.7k
John Connerton	Treasurer	8.5yrs	US$476.05k	0.31% $ 415.5k
Michelle Baumgarden	Secretary	no data	no data	no data
Nicholas Snyder	Assistant Secretary	no data	no data	no data

8.5yrs

Average Tenure

58yo

Average Age

Experienced Management: EVBN's management team is seasoned and experienced (8.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Nasca	CEO, President & Director	17.7yrs	US$1.04m	1.78% $ 2.4m
Nora Sullivan	Independent Director	10.7yrs	US$58.11k	0.11% $ 150.6k
Robert Miller	Director	23.3yrs	US$48.81k	no data
Thomas Waring	Independent Director	26.3yrs	US$47.74k	0.33% $ 442.7k
Lee Wortham	Independent Chairman of the Board	13.3yrs	US$81.01k	0.38% $ 510.3k
Jody Lomeo	Independent Director	7.1yrs	US$47.24k	0.11% $ 148.5k
Michael Rogers	Independent Vice Chairman	12.8yrs	US$66.76k	0.15% $ 198.6k
Christina Orsi	Independent Director	6.1yrs	US$47.44k	0.070% $ 95.5k
Kevin Maroney	Independent Director	4yrs	US$48.21k	0.21% $ 289.2k
Michael Battle	Independent Director	7.8yrs	US$53.46k	0.082% $ 110.6k
Kimberley Minkel	Independent Director	6.1yrs	US$53.76k	0.072% $ 97.0k
David Pfalzgraf	Independent Director	10yrs	US$46.81k	0.10% $ 137.7k

10.3yrs

Average Tenure

65yo

Average Age

Experienced Board: EVBN's board of directors are seasoned and experienced ( 10.3 years average tenure).

Evans Bancorp Management

Management criteria checks 3/4

Key information

Recent management updates

Evans Bancorp, Inc., Annual General Meeting, May 07, 2024

Treasurer recently sold US$92k worth of stock

CEO, President & Director exercised options to buy US$107k worth of stock.

Independent Chairman of the Board recently bought US$109k worth of stock

Evans Bancorp, Inc. Announces Board Changes

Treasurer exercised options and sold US$73k worth of stock

Recent updates

First quarter 2024 earnings: EPS exceeds analyst expectations

Evans Bancorp, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Evans Bancorp, Inc., Annual General Meeting, May 07, 2024

Price target decreased by 8.2% to US$29.67

Treasurer recently sold US$92k worth of stock

CEO, President & Director exercised options to buy US$107k worth of stock.

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.66 per share

Final dividend of US$0.66 announced

Evans Bancorp, Inc. Announces Semi-Annual Cash Dividend, Payable on April 9, 2024

Consensus EPS estimates fall by 24%

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Evans Bancorp, Inc. to Report Q4, 2023 Results on Feb 01, 2024

Price target increased by 9.6% to US$32.33

Price target increased by 14% to US$31.50

Consensus EPS estimates increase by 24%

Independent Chairman of the Board recently bought US$109k worth of stock

Evans Bancorp, Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023

Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Evans Bancorp, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.66 per share at 4.8% yield

Evans Bancorp, Inc. Announces Semi-Annual Cash Dividend, Payable on October 18, 2023

Price target increased by 7.4% to US$31.33

Evans Bancorp, Inc. Reports Net Charge Off for the Second Quarter Ended June 30, 2023

Second quarter 2023 earnings: EPS exceeds analyst expectations

Evans Bancorp, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Investor sentiment deteriorates as stock falls 17%

Evans Bancorp, Inc. Announces Board Changes

Consensus revenue estimates fall by 11%

Price target decreased by 7.9% to US$34.75

Price target decreased by 9.0% to US$37.75

Full year 2022 earnings: Revenues in line with analyst expectations

Upcoming dividend of US$0.66 per share at 3.3% yield

Treasurer exercised options and sold US$73k worth of stock

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Evans Bancorp, Inc. Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2022

Evans Bancorp, Inc. to Report Q4, 2022 Results on Feb 02, 2023

Insider recently sold US$51k worth of stock

Evans Bancorp, Inc. Reports Net Charge-Offs for the Quarter Ended September 30, 2022

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Evans Bancorp, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Upcoming dividend of US$0.64 per share

Evans Bancorp, Inc. Declares Semi-Annual Cash Dividend, Payable on October 4, 2022

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Evans Bancorp, Inc. to Report Q2, 2022 Results on Jul 27, 2022

Price target decreased to US$42.00

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Evans Bancorp, Inc. to Report Q1, 2022 Results on Apr 27, 2022

CEO, President & Director exercised options to buy US$303k worth of stock.

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.62 per share

Evans Bancorp, Inc. Declares Cash Dividend on Outstanding Common Stock, Payable on April 5, 2022

Price target increased to US$44.83

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Insider recently sold US$139k worth of stock

Third quarter 2021 earnings released: EPS US$1.27 (vs US$0.84 in 3Q 2020)

Treasurer exercised options and sold US$70k worth of stock

Upcoming dividend of US$0.60 per share

Director recently sold US$391k worth of stock

Director exercised options and sold US$52k worth of stock

Second quarter 2021 earnings released: EPS US$1.15 (vs US$0.09 in 2Q 2020)

Evans Bancorp, Inc.(NYSEAM:EVBN) dropped from Russell 3000E Value Index

Director exercised options and sold US$66k worth of stock

First quarter 2021 earnings released: EPS US$0.89 (vs US$0.041 in 1Q 2020)

Evans Bancorp, Inc. Reports Total Net Loan Charge-Offs for the First Quarter Ended March 31, 2021

Here's Why It's Unlikely That Evans Bancorp, Inc.'s (NYSEMKT:EVBN) CEO Will See A Pay Rise This Year

Price target increased to US$37.00

Full year 2020 earnings released

Interested In Evans Bancorp's (NYSEMKT:EVBN) Upcoming US$0.60 Dividend? You Have Four Days Left