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 Data and Metrics

First Connecticut Bancorp Financial Metrics

First Connecticut Bancorp's revenue was reported to be $99.7 m in 2016 which is a 5% increase from the previous period.

Revenue (Y, 2016)

99.7 m

Revenue growth (Y, 2015 - Y, 2016), %


Gross profit (Y, 2016)

84 m

Gross profit margin (Y, 2016), %


Net income (Y, 2016)

15.2 m

EBIT (Y, 2016)

68.9 m

Market capitalization (28-Jun-2017)

384.7 m

Closing share price (28-Jun-2017)


Cash (31-Dec-2016)

47.7 m
First Connecticut Bancorp's current market capitalization is $384.7 m.
USDY, 2013Y, 2014Y, 2015Y, 2016


73.9 m81.9 m95.3 m99.7 m

Revenue growth, %


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, %


Operating expense total

57.8 m57 m61.2 m60.5 m


51.6 m60.1 m66.1 m68.9 m

EBIT margin, %


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
USDFY, 2013FY, 2014FY, 2015FY, 2016


59.1 m47.7 m


18.6 m18 m

Total Assets

2.7 b2.8 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
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
USDY, 2016


290.7 k

Financial Leverage

10.9 x

First Connecticut Bancorp Market Value History

First Connecticut Bancorp Online and Social Media Presence

First Connecticut Bancorp Company Life and Culture

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