First Connecticut Bancorp

On our first day of business in 1851, initial deposits totaled $88.70. That money represented the hard-earned savings of residents and businesses across the Farmington Valley. To the bank's founders and management, it also represented the community's trust in them personally, and in their ability to make the institution a vehicle for spurring growth and prosperity for the regions we serve and its inhabitants.

Today, we continue to honor that trust and remain committed to our mission.

From those modest beginnings, Farmington Bank has grown to a major financial institution with $2.7 billion in assets. We've never lost sight of our original mission, and we'll continue to lend money and provide critical banking services for the people in our communities. We're grateful for your support. We'll continue to work hard to earn that support every day.

Company Growth (employees)
Type
Public
HQ
Farmington, US
Founded
1851
Size (employees)
339 (est)-1%
First Connecticut Bancorp was founded in 1851 and is headquartered in Farmington, US

First Connecticut Bancorp Office Locations

First Connecticut Bancorp has an office in Farmington
Farmington, US (HQ)
1 Farm Glen Blvd

First Connecticut Bancorp Data and Metrics

First Connecticut Bancorp Financial Metrics

First Connecticut Bancorp's revenue was reported to be $26.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

26.4 m

Gross profit (Q1, 2017)

22.4 m

Gross profit margin (Q1, 2017), %

85%

Net income (Q1, 2017)

5.1 m

EBIT (Q1, 2017)

18.9 m

Market capitalization (17-Aug-2017)

355.8 m

Cash (31-Mar-2017)

36.4 m
First Connecticut Bancorp's current market capitalization is $355.8 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

73.9 m81.9 m95.3 m99.7 m

Revenue growth, %

11%16%5%

Cost of goods sold

9.7 m10.1 m13.4 m15.7 m

Gross profit

64.2 m71.8 m82 m84 m

Gross profit Margin, %

87%88%86%84%

Operating expense total

57.8 m57 m61.2 m60.5 m

EBIT

51.6 m60.1 m66.1 m68.9 m

EBIT margin, %

70%73%69%69%

Interest income

53.2 m62.7 m68.5 m71.3 m

Pre tax profit

4.9 m12.2 m18.3 m21.2 m

Income tax expense

1.2 m2.8 m5.7 m5.9 m

Net Income

3.7 m9.3 m12.6 m15.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

22.2 m24.2 m24.3 m24.2 m24.3 m25.5 m26.4 m

Cost of goods sold

3.2 m3.1 m3.4 m3.8 m3.8 m4.1 m4 m

Gross profit

19 m21.2 m20.9 m20.4 m20.5 m21.4 m22.4 m

Gross profit Margin, %

86%87%86%84%84%84%85%

Sales and marketing expense

409 k534 k443 k421 k544 k682 k567 k

Operating expense total

409 k534 k443 k421 k544 k682 k567 k

EBIT

15.8 m16.4 m17.3 m17.3 m17.1 m17.1 m18.9 m

EBIT margin, %

71%68%71%71%70%67%72%

Pre tax profit

3.5 m4.9 m5.8 m4.9 m5 m5.3 m6.9 m

Income tax expense

84 k(47 k)976 k1.4 m1.6 m1.3 m1.4 m1.5 m1.8 m

Net Income

2.2 m2.5 m2.5 m6 m10.2 m3.6 m7.3 m11 m5.1 m
USDFY, 2015FY, 2016

Cash

59.1 m47.7 m

Inventories

2.5 b

PP&E

18.6 m18 m

Total Assets

2.7 b2.8 b

Accounts Payable

2.2 b

Total Liabilities

2.6 b

Additional Paid-in Capital

182 m184.1 m

Retained Earnings

112.9 m123.5 m

Total Equity

245.7 m260.2 m

Financial Leverage

11 x10.9 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

43 m47.4 m59.2 m66.7 m89.9 m36.4 m

Inventories

2.3 b2.3 b2.4 b2.4 b2.5 b2.6 b

PP&E

18 m17.9 m18.2 m18.9 m18.4 m17.9 m

Total Assets

2.6 b2.7 b2.7 b2.8 b2.8 b2.9 b

Accounts Payable

1.9 b2 b2.1 b2.1 b2.2 b2.3 b

Additional Paid-in Capital

180.8 m181.2 m182.7 m183.5 m183.8 m184.5 m

Retained Earnings

108 m111.3 m115.4 m118 m120.5 m126.9 m

Total Equity

239.1 m243.2 m248 m252.2 m255.6 m264.7 m

Financial Leverage

11 x11.1 x10.9 x11 x11.1 x11 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

3.7 m9.3 m12.6 m15.2 m

Depreciation and Amortization

2.6 m2.3 m

Accounts Payable

2.4 m

Cash From Operating Activities

9.3 m31.7 m

Cash From Investing Activities

(198.1 m)(154.7 m)

Cash From Financing Activities

205.1 m111.6 m

Interest Paid

13.3 m15.7 m

Income Taxes Paid

4.9 m5.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

2.2 m2.5 m2.5 m6 m10.2 m3.6 m7.3 m11 m5.1 m

Depreciation and Amortization

1.4 m2 m627 k1.2 m1.8 m535 k

Accounts Payable

7 m14.3 m

Cash From Operating Activities

(189 k)4.1 m5.3 m13.3 m22.8 m780 k

Cash From Investing Activities

(137.1 m)(205.9 m)13.7 m(52.5 m)(85.8 m)(79 m)

Cash From Financing Activities

137.4 m206.3 m(19.1 m)46.8 m93.9 m67 m

Interest Paid

6.2 m9.6 m3.8 m7.7 m11.7 m4 m

Income Taxes Paid

3.4 m4 m1 m3.1 m4.3 m1.5 m
USDY, 2017

Revenue/Employee

76.9 k

Financial Leverage

11 x

First Connecticut Bancorp Market Value History

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First Connecticut Bancorp Company Life and Culture

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