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First Connecticut Bancorp Inc

First Connecticut Bancorp, Inc. is a savings and loan holding company that was founded in 1871 and is based in Farmington, Connecticut, United States. The corporation operates through its subsidiary, First Connecticut Bancorp Inc., which provides banking services to individuals, businesses, and governments.

FCNCA is the ticker symbol for First Connecticut Bancorp, Inc., and it is traded on the OTC Bulletin Board (OTCQX) market. The corporation'isesits operations throughtwo segments: Commercial Banking and Consumer Banking, with commercial, residential, and installment loans, as well as checking and savings accounts, are all available through the company.

Following are some important details regarding First Connecticut Bancorp Inc.:

Market capitalization: First Connecticut Bancorp, Inc. currently has a market capitalization of $581.28 million.

Revenue: As of December 31, 2020, the company's most recent quarterly revenue was $23.6 million, up 11.65% year over

year.

Stock Performance: In the previous year, First Connecticut Bancorp Inc's stock price has increased by around 30%, and on June 11, 2021, it reached an all-time high of $15.99.

Financial Highlights for First Connecticut Bancorp, In. Quarterly earnings as of December 31, 2020:

Total Assets: $ 2.44 billion

Net Loans: $ 1.79 billion

Total Deposits: $ 1.93 billion

Net Income: $ 4.3 million

Dividends: First Connecticut Bancorp Inc. has been paying dividends to its common stock shareholders since 1996. On November 16, 2017, the most recent dividend was declared at $0.07 per share.

First Connecticut Bancorp, Inc. has made efforts to grow its commercial and industrial lending portfolio, including loans to small and medium-sized enterprises (SMEs) in its service areas. The corporation has a solid history and has long served Connecticut communities. It has, however, been affected by the pandemic and has faced difficulties due to the intense competition for market share in the banking sector.