First Connecticut Bancorp, Inc. (FBNK) Reports Q2 EPS of $0.14

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Go back to First Connecticut Bancorp, Inc. (FBNK) Reports Q2 EPS of $0.14

First Connecticut Bancorp, Inc. Reports Second Quarter 2014 Earnings of $0.15 Basic and $0.14 Diluted Earnings Per Share Driven by a 47% Increase in Linked Quarter Earnings

July 24, 2014 8:37 AM EDT

FARMINGTON, Conn., July 24, 2014 (GLOBE NEWSWIRE) -- First Connecticut Bancorp, Inc. (the "Company") (Nasdaq: FBNK), the holding company for Farmington Bank (the "Bank"), reported net income of $2.2 million, or $0.15 basic and $0.14 diluted earnings per share for the quarter ended June 30, 2014 compared to net income of $1.5 million, or $0.10 basic and diluted earnings per share in the linked quarter. Basic and diluted earnings per share were $0.05 for the second quarter of 2013.

"We are pleased with our second quarter results which reflect a significant lift in earnings, driven by our core banking activities of taking in deposits... More