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. 

Type
Public
HQ
Farmington, US
Founded
1851
Size (employees)
339 (est)
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 Financials

First Connecticut Bancorp's revenue was reported to be $99.72 m in FY, 2016 which is a 4.6% increase from the previous period.
USD

Revenue (Q1, 2018)

29.6 m

Gross profit (Q1, 2018)

24.1 m

Gross profit margin (Q1, 2018), %

81.3%

Net income (Q1, 2018)

6 m

EBIT (Q1, 2018)

20.5 m

Market capitalization (22-Jun-2018)

500.5 m

Closing share price (22-Jun-2018)

31.3

Cash (31-Mar-2018)

25.4 m
First Connecticut Bancorp's current market capitalization is $500.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

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 m18 m

Gross profit

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

Revenue

22.2 m24.2 m24.3 m24.2 m24.3 m25.5 m26.4 m28 m29.6 m

Cost of goods sold

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

Gross profit

19 m21.2 m20.9 m20.4 m20.5 m21.4 m22.4 m23.7 m24.1 m

Gross profit Margin, %

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

Cash

59.1 m47.7 m35.4 m

Accounts Receivable

Inventories

2.5 b2.7 b

PP&E

18.6 m18 m16.8 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

43 m47.4 m59.2 m66.7 m89.9 m36.4 m46.6 m25.4 m

Inventories

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

PP&E

18 m17.9 m18.2 m18.9 m18.4 m17.9 m17.6 m17 m

Total Assets

2.6 b2.7 b2.7 b2.8 b2.8 b2.9 b3 b3.1 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

2.6 m2.3 m2 m

Inventories

Accounts Payable

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

Net Income

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

Depreciation and Amortization

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

Accounts Payable

7 m14.3 m

Cash From Operating Activities

5.9 m(189 k)4.1 m5.3 m13.3 m22.8 m780 k6.1 m700 k
USDY, 2018

Financial Leverage

11.3 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

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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