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Last $16.12 USD
Change Today +0.03 / 0.19%
Volume 22.0K
FBNK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

first connecticut bancorp (FBNK) Snapshot

Open
$16.06
Previous Close
$16.09
Day High
$16.14
Day Low
$16.00
52 Week High
12/19/14 - $16.75
52 Week Low
10/1/14 - $14.23
Market Cap
258.5M
Average Volume 10 Days
24.1K
EPS TTM
$0.77
Shares Outstanding
16.0M
EX-Date
05/28/15
P/E TM
21.0x
Dividend
$0.20
Dividend Yield
1.24%
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 the United States. The company offers various deposit instruments, including checking, savings, money market savings, and negotiable order of withdrawal accounts, as well as fixed-rate time deposits. It 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, the company offers 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 resort loans. Further, it provides wealth management services. As of May 20, 2015, the company operated 22 branch locations in central Connecticut. It also operates four limited services offices, two stand-alone ATM facilities, and one commercial loan office. 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. - Shareholder/Analyst Call

To review the financial results and trends through the period ended June 30, 2015

First Connecticut Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Unaudited Consolidated Net Charge-Offs for the Second Quarter Ended June 30, 2015

First Connecticut Bancorp, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's net interest income was $17,099,000 against $15,564,000 a year ago. Net interest income after provision for loan losses was $16,436,000 against $15,154,000 a year ago. Income before income taxes was $4,913,000 against $2,966,000 a year ago. Net income was $3,472,000 or $0.23 diluted per share against $2,190,000 or $0.14 diluted per share a year ago. Total core net income was $2,804,000 against $2,068,000 a year ago. Total core net interest income was $17,064,000 or $0.19 diluted per share against $15,379,000 or $0.14 diluted per share a year ago. Core return on average assets (annualized) was 0.44% against 0.38% a year ago. Core return on average equity (annualized) was 4.66% against 3.56% a year ago. Tangible book value per share was $15.01 against $14.39 a year ago. Return on average assets was 0.54% against 0.40 % a year ago. Return on average equity was 5.77% against 3.77% a year ago. For the six months, the company's net interest income was $33,474,000 against $30,314,000 a year ago. Net interest income after provision for loan losses was $32,196,000 against $29,399,000 a year ago. Income before income taxes was $8,400,000 against $5,013,000 a year ago. Net income was $5,983,000 or $0.40 diluted per share against $3,682,000 or $0.24 diluted per share a year ago. Net charge-offs in the quarter were $314,000 or 0.06% to average loans (annualized) compared to $343,000 or 0.06% to average loans (annualized) in the linked quarter.

First Connecticut Bancorp, Inc. to Report Q2, 2015 Results on Jul 22, 2015

First Connecticut Bancorp, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 22, 2015

 

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Industry Analysis

FBNK

Industry Average

Valuation FBNK Industry Range
Price/Earnings 20.9x
Price/Sales 3.2x
Price/Book 1.0x
Price/Cash Flow 22.2x
TEV/Sales NM Not Meaningful
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