Last $14.75 USD
Change Today -0.50 / -3.28%
Volume 31.1K
FBNK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

first connecticut bancorp (FBNK) Snapshot

Open
$15.10
Previous Close
$15.25
Day High
$15.36
Day Low
$14.43
52 Week High
12/19/14 - $16.75
52 Week Low
10/1/14 - $14.23
Market Cap
236.4M
Average Volume 10 Days
20.3K
EPS TTM
$0.61
Shares Outstanding
16.0M
EX-Date
12/3/14
P/E TM
24.1x
Dividend
$0.20
Dividend Yield
1.15%
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.

first connecticut bancorp (FBNK) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $502.4K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $249.9K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $266.4K
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $237.9K
Executive Vice President and Director of Reta...
Total Annual Compensation: $204.7K
Compensation as of Fiscal Year 2013.

first connecticut bancorp (FBNK) Key Developments

First Connecticut Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter of 2014

First Connecticut Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income of $3.1 million, or $0.21 diluted earnings per share compared to net income of $2.5 million, or $0.17 diluted earnings per share in the linked quarter. Diluted earnings per share were $0.07 for the fourth quarter of 2013. Tangible book value per share was $14.57 compared to $14.56 on a linked quarter basis and $14.11 at December 31, 2013. Net interest income increased $2.1 million or 14% to $16.4 million compared to $14.3 million in the fourth quarter of 2013 primarily due to a $316.4 million increase in the average net loan balance despite an 8 basis point decrease in the yield on loans. Net interest income after provision for loan losses was $15,763,000 compared to $13,671,000 a year ago. Income before income taxes was $3,646,000 compared to $1,456,000 a year ago. Return on average assets was 0.52% compared to 0.22% a year ago. Return on average equity was 5.31% compared to 1.96% a year ago. Total core net income was $2,544,000 compared to $1,039,000 a year ago. Core return on average assets was 0.42% compared to 0.20% a year ago. Core return on average equity was 4.29% compared to 1.80% a year ago. For the full year, the company reported net income of $9.3 million, or $0.62 diluted earnings per share compared to net income of $3.7 million, or $0.24 diluted earnings per share for the year ended December 31, 2013. Net interest income increased $9.5 million or 18% to $62.7 million for the year ended 2014 compared to $53.2 million for the year ended 2013. Net interest income after provision for loan losses was $60,106,000 compared to $51,623,000 a year ago. Income before income taxes was $12,162,000 compared to $4,873,000 a year ago. Total core net income was $8,610,000 compared to $3,634,000 a year ago. Total core net interest income was $62,259,000 compared to $53,153,000 a year ago. Core earnings per common share, diluted were $0.57 compared to $0.23 per diluted share a year ago. Core return on average assets was 0.38% compared to 0.19% a year ago. Core return on average equity was 3.67% compared to 1.54% a year ago. For the fourth quarter, the company’s net charge-offs were $228,000 or 0.04% to average loans (annualized) compared to $397,000 or 0.08% to average loans (annualized) in the linked quarter.

First Connecticut Bancorp, Inc. to Report Q4, 2014 Results on Jan 29, 2015

First Connecticut Bancorp, Inc. announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Jan 29, 2015

First Connecticut Bancorp, Inc., Q4 2014 Earnings Call, Jan 29, 2015

First Connecticut Bancorp, Inc., Q4 2014 Earnings Call, Jan 29, 2015

 

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FBNK

Industry Average

Valuation FBNK Industry Range
Price/Earnings 23.4x
Price/Sales 3.1x
Price/Book 0.9x
Price/Cash Flow 25.3x
TEV/Sales NM Not Meaningful
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