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.

TypePublic
HQWillimantic, US
Founded1842
Size (employees)257 (est)
Websitemysifi.com
SI Financial Group was founded in 1842 and is headquartered in Willimantic, US
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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 Norwich, 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 $68.51 m in FY, 2016 which is a 42.3% increase from the previous period.
USD

Revenue (Q2, 2018)

33.5 m

Gross profit (Q2, 2018)

27.7 m

Gross profit margin (Q2, 2018), %

82.6%

Net income (Q2, 2018)

5.4 m

EBIT (Q2, 2018)

21 m

Market capitalization (18-Sep-2018)

165.5 m

Closing stock price (18-Sep-2018)

13.8

Cash (30-Jun-2018)

86.4 m

EV

242.5 m
SI Financial Group's current market capitalization is $165.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

38.2 m47.5 m48.1 m68.5 m

Revenue growth, %

24%1%42%

Cost of goods sold

8.5 m8.2 m8.9 m10.1 m

Gross profit

29.7 m39.3 m39.2 m58.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

10.4 m14.8 m14.1 m14.2 m13.8 m14.4 m15 m15.3 m15.3 m15.4 m15.7 m17.1 m16.1 m33.5 m

Cost of goods sold

2.1 m2.1 m2.1 m2 m2 m2.1 m2.3 m2.5 m2.5 m2.5 m2.7 m2.8 m2.8 m5.8 m

Gross profit

8.3 m12.8 m12.1 m12.1 m11.8 m12.3 m12.6 m12.9 m12.7 m12.8 m13 m14.3 m13.3 m27.7 m

Gross profit Margin, %

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

Cash

27.3 m39.3 m40.8 m73.2 m

Accounts Receivable

4 m3.9 m4.3 m129.7 k

PP&E

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

Cash

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

PP&E

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

Total Assets

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

Accounts Payable

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

Net Income

(855 k)4.4 m4.3 m11.3 m

Cash From Operating Activities

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

Net Income

(1.9 m)906 k1.8 m3 m921 k1.9 m2.9 m1.5 m1.7 m1.6 m1.7 m2.8 m2.2 m2 m5.4 m

Cash From Operating Activities

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

Purchases of PP&E

(20.1 m)(443 k)(25.8 m)(38.6 m)(11.3 m)(67.2 m)(96.6 m)(4.3 m)(11.9 m)(33.7 m)(11.2 m)(19.3 m)(2.4 m)(18.7 m)

Cash From Investing Activities

6.7 m5.3 m7.1 m5.3 m(2.7 m)(61.9 m)(112.3 m)872 k(256 k)(38.4 m)(26.8 m)(25.6 m)(18 m)(20.6 m)(13.4 m)
USDY, 2018

EV/EBIT

11.6 x

EV/CFO

25.3 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 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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