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.

Farmington, US
Size (employees)
343 (est)
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 Metrics

First Connecticut Bancorp Financial Metrics

Revenue (2016)

$99.7 m

Revenue growth (2015-16), %


Gross profit

$84 m

Gross profit margin (2016), %


Net income (2016)

$15.2 m

Market capitalization (28-Apr-2017)

$402.3 m

Closing share price (28-Apr-2017)


Cash (31-Dec-2016)

$47.7 m
First Connecticut Bancorp's current market capitalization is $402.3 m.
First Connecticut Bancorp's revenue was reported to be $99.7 m in 2016 which is a 5% increase from the previous period.
Y, 2013Y, 2014Y, 2015Y, 2016


$73.9 m$81.9 m$95.3 m$99.7 m

Revenue growth, %


Cost of goods sold

$9.7 m$10.1 m$13.4 m$15.7 m

Gross profit

$64.2 m$71.8 m$82 m$84 m

Gross profit Margin, %


Operating expense total

$57.8 m$57 m$61.2 m$60.5 m


$51.6 m$60.1 m$66.1 m$68.9 m

EBIT margin, %


Interest income

$53.2 m$62.7 m$68.5 m$71.3 m

Pre tax profit

$4.9 m$12.2 m$18.3 m$21.2 m

Income tax expense

$1.2 m$2.8 m$5.7 m$5.9 m

Net Income

$3.7 m$9.3 m$12.6 m$15.2 m
FY, 2013FY, 2014FY, 2015FY, 2016


$59.1 m$47.7 m

Accounts Receivable



$18.6 m$18 m

Total Assets

$2.7 b$2.8 b

Accounts Payable

Additional Paid-in Capital

$182 m$184.1 m

Retained Earnings

$112.9 m$123.5 m

Total Equity

$245.7 m$260.2 m

Financial Leverage

11 x10.9 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$3.7 m$9.3 m$12.6 m$15.2 m

Depreciation and Amortization

$2.6 m$2.3 m

Accounts Receivable


Accounts Payable

$2.4 m

Cash From Operating Activities

$9.3 m$31.7 m

Cash From Investing Activities

($198.1 m)($154.7 m)

Cash From Financing Activities

$205.1 m$111.6 m

Interest Paid

$13.3 m$15.7 m

Income Taxes Paid

$4.9 m$5.4 m

First Connecticut Bancorp Market Value History

First Connecticut Bancorp Online Presence

First Connecticut Bancorp Company Life

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