First Connecticut Bancorp is the holding company for Farmington Bank. The Bank is known for its diversified consumer and commercial product offerings and strong ties to the communities it serves throughout central Connecticut. Leading Farmington Bank is a seasoned team of respected banking executives. The Farmington Bank Community Foundation, the charitable arm of First Connecticut Bancorp provides ongoing financial support for non-profit organizations and community programs. 

TypePublic
HQFarmington, US
Founded1851
Size (employees)349 (est)+3%
Websitefarmingtonbankct.com
First Connecticut Bancorp was founded in 1851 and is headquartered in Farmington, US
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First Connecticut Bancorp Office Locations

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

First Connecticut Bancorp Revenue

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First Connecticut Bancorp's revenue was reported to be $111.98 m in FY, 2017
USD

Revenue (Q2, 2018)

31.7m

Gross profit (Q2, 2018)

25.3m

Gross profit margin (Q2, 2018), %

79.6%

Net income (Q2, 2018)

6.7m

EBIT (Q2, 2018)

21.9m

Market capitalization (1-Oct-2018)

464.9m

Closing stock price (1-Oct-2018)

29.0

Cash (30-Jun-2018)

36.0m
First Connecticut Bancorp's current market capitalization is $464.9 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

73.9m81.9m95.3m99.7m112.0m

Revenue growth, %

11%16%5%

Cost of goods sold

9.7m10.1m13.4m15.7m18.0m

Gross profit

64.2m71.8m82.0m84.0m93.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

22.2m24.2m24.3m24.2m24.3m25.5m26.4m28.0m28.9m29.6m31.7m

Cost of goods sold

3.2m3.1m3.4m3.8m3.8m4.1m4.0m4.3m4.8m5.5m6.5m

Gross profit

19.0m21.2m20.9m20.4m20.5m21.4m22.4m23.7m24.1m24.1m25.3m

Gross profit Margin, %

86%87%86%84%84%84%85%85%84%81%80%
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Cash

38.8m59.1m47.7m35.4m

Accounts Receivable

Inventories

2.4b2.5b2.7b

PP&E

20.6m18.6m18.0m16.8m
Quarterly
USDQ3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

43.9m43.0m47.4m59.2m66.7m89.9m36.4m46.6m44.5m25.4m36.0m

Inventories

2.3b2.3b2.4b2.4b2.5b2.6b2.7b2.7b2.8b2.9b

PP&E

19.4m18.0m17.9m18.2m18.9m18.4m17.9m17.6m17.0m17.0m17.0m

Total Assets

2.4b2.6b2.7b2.7b2.8b2.8b2.9b3.0b3.0b3.1b3.3b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

3.7m9.3m12.6m15.2m16.2m

Depreciation and Amortization

2.6m2.3m2.0m

Inventories

Accounts Payable

2.4m3.1m
Quarterly
USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

2.5m2.2m2.5m2.5m6.0m10.2m3.6m7.3m11.0m5.1m10.1m15.7m6.0m12.7m

Depreciation and Amortization

2.3m1.4m2.0m627.0k1.2m1.8m535.0k1.0m1.5m460.0k927.0k

Accounts Payable

7.0m14.3m4.5m

Cash From Operating Activities

5.9m(189.0k)4.1m5.3m13.3m22.8m780.0k6.1m9.7m700.0k14.2m
USDY, 2018

Financial Leverage

11.6 x
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First Connecticut Bancorp Operating Metrics

First Connecticut Bancorp's Total Loans was reported to be $2.7b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Non-performing Loans

$15.47 m$14.91 m$17.56 m

Total Loans

$2.14 b$2.20 b$2.28 b$2.33 b$2.36 b$2.37 b$2.42 b$2.47 b$2.54 b$2.60 b$2.66 b
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First Connecticut Bancorp Online and Social Media Presence

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First Connecticut Bancorp News and Updates

First Connecticut Bancorp, Inc. Stockholders Approve Acquisition by People’s United Financial, Inc.

FARMINGTON, Conn., Sept. 26, 2018 (GLOBE NEWSWIRE) -- Stockholders of First Connecticut Bancorp, Inc. (“First Connecticut”) (NASDAQ:FBNK) approved the proposed merger of First Connecticut and People’s United Financial, Inc. (“People’s United”) (NASDAQ:PBCT) pursuant to the previously disclosed Agr…

First Connecticut Bancorp, Inc. Announces Quarterly Dividend of $0.17

FARMINGTON, Conn., Aug. 28, 2018 (GLOBE NEWSWIRE) -- First Connecticut Bancorp, Inc. (NASDAQ:FBNK) announced that its Board of Directors has voted to pay its quarterly dividend of $0.17 per share. Dividends will be payable on September 17, 2018 to all shareholders of record as of September 7, 2018…

SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of First Connecticut Bancorp, Inc. - FBNK

NEW YORK, July 30, 2018 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating First Connecticut Bancorp, Inc. ("First Connecticut" or "the...

WeissLaw LLP Investigates First Connecticut Bancorp, Inc. Acquisition

NEW YORK, June 19, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of First Connecticut Bancorp, Inc. ("FBNK" or the "Company") (NASDAQ: FBNK) in connection with the proposed acquisition of the...

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of First Connecticut Bancorp, Inc.

NEW YORK, June 19, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against First Connecticut Bancorp Inc. (NASDAQ: FBNK), the holding company of Farmington Bank, and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the...
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First Connecticut Bancorp Company Life and Culture

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First Connecticut Bancorp Frequently Asked Questions

  • When was First Connecticut Bancorp founded?

    First Connecticut Bancorp was founded in 1851.

  • How many employees does First Connecticut Bancorp have?

    First Connecticut Bancorp has 349 employees.

  • What is First Connecticut Bancorp revenue?

    Latest First Connecticut Bancorp annual revenue is $112 m.

  • What is First Connecticut Bancorp revenue per employee?

    Latest First Connecticut Bancorp revenue per employee is $320.9 k.

  • Who are First Connecticut Bancorp competitors?

    Competitors of First Connecticut Bancorp include UMB Financial, Florida Community Bank and First Northern Community Bancorp.

  • Where is First Connecticut Bancorp headquarters?

    First Connecticut Bancorp headquarters is located at 1 Farm Glen Blvd, Farmington.

  • Where are First Connecticut Bancorp offices?

    First Connecticut Bancorp has an office in Farmington.

  • How many offices does First Connecticut Bancorp have?

    First Connecticut Bancorp has 1 office.