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| 8-K - FIRST CONNECTICUT BANCORP, INC. 8-K 2 11 13 - First Connecticut Bancorp, Inc. | fcb021113-8k.htm |
Sterne Agee
Financial Institutions Investor Conference
February 11 - 12, 2013
John J. Patrick, Jr. Chairman, President and CEO
Gregory A. White EVP, Chief Financial Officer
Michael T. Schweighoffer EVP, Chief Risk Officer
Kenneth F. Burns EVP, Director of Retail Banking
A Great Past…Dynamic Present…
And a Bright Future
Forward Looking Statements
Disclaimer & Forward-Looking Statements
Statements in this document and presented orally at the conference, if any, concerning future results,
performance, expectations or intentions are forward-looking statements. Actual results, performance or
developments may differ materially from forward-looking statements as a result of known or unknown risks,
uncertainties and other factors, including those identified from time to time in the Company’s filings with the
Securities and Exchange Commission, press releases and other communications. Actual results also may differ
based on the Company’s ability to successfully maintain and integrate customers from acquisitions.
performance, expectations or intentions are forward-looking statements. Actual results, performance or
developments may differ materially from forward-looking statements as a result of known or unknown risks,
uncertainties and other factors, including those identified from time to time in the Company’s filings with the
Securities and Exchange Commission, press releases and other communications. Actual results also may differ
based on the Company’s ability to successfully maintain and integrate customers from acquisitions.
The Company intends any forward-looking statements to be covered by the Litigation Reform Act of 1995 and is
including this statement for purposes of said safe harbor provisions. Readers and attendees are cautioned not to
place undue reliance on forward-looking statements, which speak only as of the date of this presentation. Except
as required by applicable law or regulation, the Company undertakes no obligation to update any forward-looking
statements to reflect events or circumstances that occur after the date as of which such statements are made.
including this statement for purposes of said safe harbor provisions. Readers and attendees are cautioned not to
place undue reliance on forward-looking statements, which speak only as of the date of this presentation. Except
as required by applicable law or regulation, the Company undertakes no obligation to update any forward-looking
statements to reflect events or circumstances that occur after the date as of which such statements are made.
The Company’s capital strategy includes deployment of excess capital, the success of which efforts cannot be
guaranteed.
guaranteed.
2
Ø Farmington Bank, founded in 1851, is a wholly owned subsidiary of
First Connecticut Bancorp, Inc.
First Connecticut Bancorp, Inc.
Ø A community bank with strong capital position, positive trends in loan
and deposit growth, and solid asset quality
and deposit growth, and solid asset quality
Ø Experienced management team focused on organic growth strategy
Ø Clear strategic priorities
Ø Strong, scalable franchise in central Connecticut
Ø Broad risk management program focused on “best practices”
Ø Culture that encourages a decision-making process that allows for
teamwork, yet places clear responsibility and authority with the
individual
teamwork, yet places clear responsibility and authority with the
individual
Executive Summary
3
Franchise Overview
§ 19 branch offices
§ Executing on de novo strategy of adding 2-3 branches a year through mid-2014, then reassess
§ Strategically located in affluent Hartford, CT suburbs
19 Branches And Expanding
First Connecticut Bancorp, Inc. - NASDAQ (FBNK)
Farmington Bank - wholly owned subsidiary
Headquarters: Farmington, Connecticut
Assets: $1.8 billion
Loans: $1.5 billion
Deposits: $1.3 billion
Capital: $242 million
(as of 9/30/12)
Corporate Profile
4
Market Position
5
Source: SNL Financial
*includes limited service branches
Note: Deposit data as of 6/30/2012;
Pro forma for pending and recently completed transactions
Too big to be small…….
Too small to be big…….
Leadership Team
6
Strategic Accomplishments
7
Our Core Business
8
Diversified Loan Portfolio
9
Total Loan Growth
29% growth since
2010, despite
strategic reduction of
$55.5 million in
resort loan portfolio
2010, despite
strategic reduction of
$55.5 million in
resort loan portfolio
10
Total Loans (period ended)
Asset Quality Metrics
Commercial Banking
12
Small Business Banking
13
Residential Mortgage and Consumer Lending
14
Diversified Deposit Base
Deposit Composition 2008 vs 9/30/12 (000’s)
15
Retail Banking
16
Financial Performance
17
Selected Annual Financial Data
(000’s)
Financial Performance
18
Selected Quarterly Financial Data
Financial Performance
19
Strategic Direction
20
Conclusion
21
Supplemental Information
Appendix
22
Income Statement 2008 - 9/30/12
Select Financial Data
23
Select Financial Data
24
Income Statement last 5 quarters
(000’s)
Select Financial Data
25
Select Financial Data
Asset Quality Metrics
Commercial Loan Growth
28
Residential and Consumer Loan Growth
29
Deposit Diversification
Checking & MMDA / Savings vs Time Deposits (000’s)
30
Checking Growth
Consumer Checking Growth ($000’s)
31
Checking Growth
Business Checking Growth ($000’s)
32
De Novo Branch Profitability
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De Novo Branch Deposit
Growth & Point of Profitability
(In Millions)
Growth & Point of Profitability
(In Millions)
John J. Patrick, Jr.
Chairman, President and Chief Executive Officer
Gregory A. White
Executive Vice President, Chief Financial Officer
Investor Information:
Jennifer H. Daukas
Vice President, Investor Relations Officer
860-284-6359 or jdaukas@farmingtonbankct.com
Corporate Contacts
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