Posted: 05/18/2025 03:26 am
First Seacoast Bancorp (NASDAQ: FSEA), a federally chartered savings institution, offers a glimpse into compensation trends in the banking sector through its executive pay packages. As of 2024, James R. Brannen, President and CEO, demonstrated the significant upward trajectory of executive compensation. His total compensation amounted to $606,622, marking a substantial increase from his 2019 remuneration, which stood at $249,888. The growth was largely driven by a rise in his base salary from $234,500 in 2019 to $350,000 in 2024, alongside an introduction of stock awards valued at $149,569, despite no changes in bonus or option awards across these years.[^1]
The compensation structure at First Seacoast Bancorp illustrates the variances in remuneration strategies among different executive roles. Richard M. Donovan, Senior Vice President and Chief Financial Officer, saw a total compensation of $204,187 in 2020, slightly lower than his 2019 package of $213,844. In contrast, Timothy F. Dargan, Senior Vice President and Senior Commercial Lending Officer, recorded a total compensation of $244,870 in 2022, which included a $27,200 bonus component absent in Brannen’s 2024 compensation.[^2][^3]
On the financial market front, First Seacoast Bancorp’s stock price reflects nuanced investor perceptions that could correlate with executive compensation practices. As of this report, FSEA trades at $11.11, slightly below its 50-day average of $11.11608, indicating a mild decrease in investor confidence as suggested by a -1.06857% change from the previous close. These figures also suggest a subtle dissociation between executive compensation increases and immediate stock price appreciations.[^6]
Despite negative earnings per share (EPS) standing at -0.02, the firm's P/E ratio is extraordinarily high at -555.5, likely a reflection of investor anticipation or trust in strategic leadership decisions by executives like Brannen and Donovan. With a market capitalization of approximately $52.4 million and shares outstanding totaling 4,716,920, First Seacoast's stock movements are closely intertwined with its leadership’s strategic decisions—highlighting how executive compensation could influence broader stakeholder trust and, consequently, market performance.[^4][^5]
[^1]: "First Seacoast Bancorp Executive Compensation 2024", SEC Archive.
[^2]: "First Seacoast Bancorp Executive Compensation 2022", SEC Archive.
[^3]: "First Seacoast Bancorp Executive Compensation 2020", SEC Archive.
[^4]: "First Seacoast Bancorp Executive Compensation 2019", SEC Archive.
[^5]: "First Seacoast Bancorp Stock Snapshot", NASDAQ.
[^6]: "First Seacoast Bancorp Market Capitalization and Shares", NASDAQ.
