OverviewSuggest Edit

SI Financial Group operates as the bank holding company for Savings Institute Bank and Trust Company that provides various financial services to consumers and businesses. The Company offers various deposit and lending products. In addition, it provides trust services, such as fiduciary, investment management, and retirement services and insurance, as well as acts as guardian, conservator, executor, or trustee under various trusts, wills, and other agreements.

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TypePublic
Founded1842
HQWillimantic, US
Websitemysifi.com
Employee Ratings0

Latest Updates

Employees (est.) (Feb 2019)255
Revenue (FY, 2017)$65.1 M(-4%)
Share Price (Feb 2019)$14.2 (+4%)

Key People/Management at SI Financial Group

Rheo A. Brouillard

Rheo A. Brouillard

President & Chief Executive Officer
Laurie L. Gervais

Laurie L. Gervais

Executive Vice President & Corporate Secretary
Lauren L. Murphy

Lauren L. Murphy

Senior Vice President and Treasurer
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SI Financial Group Office Locations

SI Financial Group has offices in Willimantic, Middletown, Brooklyn, South Kingstown and in 7 other locations
Willimantic, US (HQ)
803 Main St
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SI Financial Group Financials and Metrics

SI Financial Group Revenue

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SI Financial Group's revenue was reported to be $65.15 m in FY, 2017
USD

Revenue (Q3, 2018)

17.8m

Gross profit (Q3, 2018)

14.4m

Gross profit margin (Q3, 2018), %

80.9%

Net income (Q3, 2018)

2.7m

EBIT (Q3, 2018)

10.5m

Market capitalization (15-Feb-2019)

170.5m

Closing stock price (15-Feb-2019)

14.2

Cash (30-Sep-2018)

76.7m

EV

246.6m
SI Financial Group's current market capitalization is $170.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

46.5m47.5m58.4m68.5m65.1m

Revenue growth, %

24%1%42%

Cost of goods sold

8.5m8.2m8.9m10.1m11.1m

Gross profit

38.0m39.3m49.5m58.4m54.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

10.4m14.8m14.1m14.2m13.8m14.4m15.0m15.3m15.3m15.4m15.7m17.1m16.2m16.1m17.4m17.8m

Cost of goods sold

2.1m2.1m2.1m2.0m2.0m2.1m2.3m2.5m2.5m2.5m2.7m2.8m2.8m2.8m3.0m3.4m

Gross profit

8.3m12.8m12.1m12.1m11.8m12.3m12.6m12.9m12.7m12.8m13.0m14.3m13.4m13.3m14.4m14.4m

Gross profit Margin, %

80%86%85%86%85%85%84%84%83%83%83%84%83%82%83%81%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

27.3m39.3m40.8m73.2m83.5m

Accounts Receivable

4.0m3.9m4.3m129.7k

Inventories

PP&E

21.1m21.7m21.2m19.9m19.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

52.3m53.7m48.4m33.6m52.7m39.6m36.6m69.4m74.5m63.4m87.3m95.3m91.7m84.3m86.4m76.7m

PP&E

21.5m20.6m21.0m21.3m21.9m22.1m21.7m20.8m20.5m20.4m20.1m19.8m19.6m19.4m19.2m19.1m

Total Assets

1.4b1.4b1.4b1.3b1.4b1.4b1.5b1.5b1.5b1.5b1.6b1.6b1.6b1.6b1.6b1.6b

Accounts Payable

1.0b1.0b1.0b997.8m1.0b1.0b1.0b1.1b1.1b1.1b1.2b1.2b1.2b1.2b1.2b1.3b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(855.0k)4.4m4.3m11.3m5.2m

Inventories

Accounts Payable

Cash From Operating Activities

10.2m17.8m13.7m16.3m9.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(1.9m)906.0k1.8m3.0m921.0k1.9m2.9m1.5m3.3m4.8m1.7m2.8m6.8m2.0m5.4m8.1m

Cash From Operating Activities

6.6m9.7m10.9m12.9m3.7m6.4m11.1m6.8m2.2m10.8m551.0k8.8m7.2m5.4m9.6m14.6m

Purchases of PP&E

(20.1m)(443.0k)(25.8m)(38.6m)(11.3m)(67.2m)(96.6m)(4.3m)(11.9m)(33.7m)(11.2m)(19.3m)(22.3m)(2.4m)(18.7m)(35.2m)

Cash From Investing Activities

6.7m5.3m7.1m5.3m(2.7m)(61.9m)(112.3m)872.0k(256.0k)(38.4m)(26.8m)(25.6m)(18.0m)(20.6m)(13.4m)(39.2m)
USDY, 2018

EV/EBIT

23.6 x

EV/CFO

16.9 x

Debt/Equity

0.9 x

Debt/Assets

0.1 x

Financial Leverage

9.5 x
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SI Financial Group Operating Metrics

SI Financial Group's Total Loans was reported to be $1.2b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Non-performing Loans

$5 m$4.76 m$5.90 m$7.25 m$6.58 m$6.76 m$6.98 m$6.30 m$5.43 m$5.01 m$4.70 m

Total Loans

$1.04 b$1.04 b$1.10 b$1.14 b$1.17 b$1.16 b$1.15 b$1.21 b$1.22 b$1.24 b$1.23 b
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SI Financial Group Online and Social Media Presence

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SI Financial Group News and Updates

SI FINANCIAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of SI Financial Group, Inc. - SIFI

NEW ORLEANS, Dec. 20, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of SI Financial Group, Inc. ("SI") (NasdaqGM: SIFI) to Berkshire Hills Bancorp, Inc....

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of SI Financial Group, Inc.

NEW YORK, Dec. 12, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against SI Financial Group, Inc. (NASDAQ: SIFI) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Berkshire Hills Bancorp, Inc. (NYSE:...

Berkshire Hills to Acquire SI Financial Group

BOSTON, and WILLIMANTIC, Conn., Dec. 11, 2018 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) ("Berkshire") and SI Financial Group, Inc. (NASDAQ: SIFI) ("SIFI") announced today that they have signed a definitive merger agreement under which Berkshire will acquire SIFI and its...

SI Financial Group, Inc. Announces Cash Dividend

WILLIMANTIC, Conn., July 25, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of SI Financial Group, Inc. (the “Company”) (NASDAQ:SIFI) has declared a cash dividend on the Company’s outstanding shares of common stock.  The dividend of $0.06 per share will be paid on August 27, 2018 to stockholders …
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SI Financial Group Company Life and Culture

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SI Financial Group Frequently Asked Questions

  • When was SI Financial Group founded?

    SI Financial Group was founded in 1842.

  • Who are SI Financial Group key executives?

    SI Financial Group's key executives are Rheo A. Brouillard, Laurie L. Gervais and Lauren L. Murphy.

  • How many employees does SI Financial Group have?

    SI Financial Group has 255 employees.

  • What is SI Financial Group revenue?

    Latest SI Financial Group annual revenue is $65.1 m.

  • What is SI Financial Group revenue per employee?

    Latest SI Financial Group revenue per employee is $255.5 k.

  • Who are SI Financial Group competitors?

    Competitors of SI Financial Group include Orrstown Financial Services, Southside Bancshares and Pinnacle Financial Partners.

  • Where is SI Financial Group headquarters?

    SI Financial Group headquarters is located at 803 Main St, Willimantic.

  • Where are SI Financial Group offices?

    SI Financial Group has offices in Willimantic, Middletown, Brooklyn, South Kingstown and in 7 other locations.

  • How many offices does SI Financial Group have?

    SI Financial Group has 15 offices.