Issue link: https://nebusinessmedia.uberflip.com/i/896389
18 Hartford Business Journal • November 6, 2017 • www.HartfordBusiness.com Corporate Profile SI Financial Group 803 Main St., Willimantic www.mysifi.com SI Financial Group Inc. is the holding company for Sav- ings Institute Bank and Trust Co., which provides financial services to individuals and businesses. 2014 2015 2016 $0 $10 $20 $30 $40 $50 $60 $70 $80 In millions of dollars Profits Revenues $57.7M $58.4M $68.5M $4.4M $4.3M $11.3M $4.4M $4.3M $11.3M News Headlines ■ ■ In its third quarter earnings release, SI Financial said it has received regulatory approval to reorganize as a bank holding company from a savings and loan holding company, which will give the bank more leeway to restructure its balance sheet and hold fewer long-term home loans on its books. ■ ■ In May, SI Financial sold its trust and asset-management business, with about $120 million in assets under management, to Plimoth Investment Advisors, which is owned by a pair of Massachusetts banks. ■ ■ SI Financial posted sharply higher net income in 2016 ($11.3 million), helped by the sale of its Vantis Life Insurance Co. stake in December. ■ ■ SI Financial's annual revenues are up 19 percent since 2014. Corporate suite Stock Non-equity Exec. Salary Bonus Awards Incentive 2015 Total Rheo Brouillard President/CEO $446,333 $0 $0 $181,121 $729,904 Laurie L. Gervais EVP/CAO $253,000 $0 $0 $87,471 $514,189 Paul R. Little SVP/Chief Lending Officer $213,385 $0 $0 $72,893 $309,389 Profits and Revenues Rheo Brouillard, President & CEO Fact box Industry: Savings and Loan 3Q 2017 Revenue: $16.2M 3Q 2017 Net Income: $2.2M 3Q 2016 Net Income: $1.6M Quarterly Profit Change: $600K Cash: $91.7M Employees: 257 Competitors: Webster Financial Corp. Bank of America TD Bank Stock watch Ticker Symbol SIFI Market Cap $173M 52 Week Range Price $12.30-$16.45 Outstanding Shares 11.34M Top institutional investors Shares % Stake Clove Partner L.P. 821,855 6.72 Thomson Horstman & Bryant Inc. 784,063 6.41 Maltese Capital Management LLC 748,637 6.12 SAT . NOV 18 . 2017 SAT . NOV 18 . 2017 SAT . NOV 18 . 2017 LAUGHTER, ANYONE? An evening with comedians LIFETIME PATRONS: Aetna | Connecticut Public Television and Radio | The Hartford Financial Services Group | Lincoln Financial Foundation The Rosalyn Group | Stanley Black & Decker | Travelers | United Technologies Corporation | Voya Financial FOR TICKETS AND INFO CALL 860.509.0909 OR VISIT CTFORUM.ORG Hosted by Fred Armisen Actor, writer & comedian, Portlandia, SNL Marc Maron Comedian, actor & podcast host, WTF with Marc Maron Tig Notaro Stand-up comedian, actor & writer LIVE AT THE BUSHNELL AN UNSCRIPTED, UNFORGETTABLE CONVERSATION