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Last $15.02 USD
Change Today +0.24 / 1.62%
Volume 53.4K
FBNK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

first connecticut bancorp (FBNK) Snapshot

Open
$14.90
Previous Close
$14.78
Day High
$15.03
Day Low
$14.85
52 Week High
12/19/14 - $16.75
52 Week Low
10/1/14 - $14.23
Market Cap
241.0M
Average Volume 10 Days
26.1K
EPS TTM
$0.67
Shares Outstanding
16.0M
EX-Date
03/4/15
P/E TM
22.5x
Dividend
$0.20
Dividend Yield
1.26%
Current Stock Chart for FIRST CONNECTICUT BANCORP (FBNK)

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first connecticut bancorp (FBNK) Details

First Connecticut Bancorp, Inc. operates as the holding company for Farmington Bank that provides various commercial and consumer banking services to businesses, individuals, and governments in Central Connecticut, the United States. It offers various deposit instruments, including checking and savings accounts, money market savings accounts, negotiable order of withdrawal accounts, demand deposits, and fixed-rate time deposits. The company also provides one-to-four family residential real estate loans; commercial real estate loans; construction loans, such as commercial construction loans and real estate subdivision development loans to developers, licensed contractors, and builders for the construction and development of commercial real estate projects and residential properties, as well as loans to individuals and contractors for the construction and acquisition of personal residences; and commercial loans comprising term loans, revolving lines of credit for working capital needs, equipment lines of credit to facilitate the purchase of equipment, and letters of credit. In addition, it offers resort loans; home equity loans and home equity lines of credit secured by owner-occupied one-to-four family residences; and consumer loans, including installment, demand, revolving credit, and collateral loans, as well as originates, purchases, and services loans. The company operates 22 full service branch offices, 4 limited service offices, and 2 stand-alone ATM facilities in Hartford County. First Connecticut Bancorp, Inc. was founded in 1851 and is based in Farmington, Connecticut.

328 Employees
Last Reported Date: 03/16/15
Founded in 1851

first connecticut bancorp (FBNK) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $500.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $249.3K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $267.8K
Executive Vice President and Director of Reta...
Total Annual Compensation: $209.1K
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $207.3K
Compensation as of Fiscal Year 2014.

first connecticut bancorp (FBNK) Key Developments

First Connecticut Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Announces Net Charge-Offs for the First Quarter Ended March 31, 2015

First Connecticut Bancorp, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of $19.532 million compared to $16.980 million a year ago. Net interest income was $16.375 million compared to $14.750 million a year ago. Net interest income increased primarily due to a $330.0 million increase in the average net loan balance. Net interest income after provision for loan losses was $15.760 million compared to $14.245 million a year ago. Income before income taxes was $3.487 million compared to $2.047 million a year ago. Net income was $2.511 million or $0.17 per basic and diluted share compared to $1.492 million or $0.10 per basic and diluted share a year ago. Tangible book value per share grew to $14.82 compared to $14.22 at March 31, 2014. Return on average assets was 0.40% compared to 0.28% a year ago. Return on average equity was 4.24% compared to 2.56% a year ago. Total core net income was $2.485 million or $0.16 per diluted share compared to $1.492 million or $0.10 per diluted share a year ago. Net charge-offs in the quarter were $343,000 compared to $1.2 million in the prior year quarter.

First Connecticut Bancorp, Inc. to Report Q1, 2015 Results on Apr 23, 2015

First Connecticut Bancorp, Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on Apr 23, 2015

First Connecticut Bancorp, Inc., Q1 2015 Earnings Call, Apr 23, 2015

First Connecticut Bancorp, Inc., Q1 2015 Earnings Call, Apr 23, 2015

 

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FBNK Competitors

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BSB Bancorp Inc/MA $20.58 USD -0.56
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Industry Analysis

FBNK

Industry Average

Valuation FBNK Industry Range
Price/Earnings 21.9x
Price/Sales 3.1x
Price/Book 0.9x
Price/Cash Flow 23.3x
TEV/Sales NM Not Meaningful
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