In 2009 Rick Cantele was appointed CEO of Salisbury Bancorp, Inc. (NASDAQ:SAL). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Next, we'll consider growth that the business demonstrates. And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. The aim of all this is to consider the appropriateness of CEO pay levels.
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How Does Rick Cantele's Compensation Compare With Similar Sized Companies?
Our data indicates that Salisbury Bancorp, Inc. is worth US$111m, and total annual CEO compensation is US$670k. (This number is for the twelve months until December 2018). That's a notable increase of 10% on last year. While we always look at total compensation first, we note that the salary component is less, at US$384k. We looked at a group of companies with market capitalizations under US$200m, and the median CEO total compensation was US$440k.
Thus we can conclude that Rick Cantele receives more in total compensation than the median of a group of companies in the same market, and of similar size to Salisbury Bancorp, Inc.. However, this doesn't necessarily mean the pay is too high. A closer look at the performance of the underlying business will give us a better idea about whether the pay is particularly generous.
You can see a visual representation of the CEO compensation at Salisbury Bancorp, below.
Is Salisbury Bancorp, Inc. Growing?
Salisbury Bancorp, Inc. has increased its earnings per share (EPS) by an average of 4.1% a year, over the last three years (using a line of best fit). It achieved revenue growth of 5.0% over the last year.
I would argue that the improvement in revenue isn't particularly impressive, but it is good to see modest EPS growth. It's clear the performance has been quite decent, but it it falls short of outstanding,based on this information. It could be important to check this free visual depiction of what analysts expect for the future.
Has Salisbury Bancorp, Inc. Been A Good Investment?
Boasting a total shareholder return of 38% over three years, Salisbury Bancorp, Inc. has done well by shareholders. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.
We compared total CEO remuneration at Salisbury Bancorp, Inc. with the amount paid at companies with a similar market capitalization. Our data suggests that it pays above the median CEO pay within that group.
While we generally prefer to see stronger EPS growth, there's no arguing with the strong returns to shareholders, over the last three years. Considering this fine result for investors, we daresay the CEO compensation might be apt. So you may want to check if insiders are buying Salisbury Bancorp shares with their own money (free access).
Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies, that have HIGH return on equity and low debt.
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If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.