Comparing the current results to its competitors, Si Financial Group Inc reported Revenue increase in the 1 quarter 2019 by 9.17 % year on year, while most of its competitors have experienced contraction in revenues by -0.32 %, achieved in the same quarter.
Si Financial Group, Inc.Net Income in the 1 quarter 2019 grew year on year by 56.23%, faster than the Si Financial Group Inc's competitors average income growth of 5.21 %
Si Financial Group Inc's Comment on Competitors and Industry Peers
The Bank faces significant competition for the attraction of deposits and origination
of loans. The most direct competition for deposits has historically come from
several financial institutions operating in the Bank’s market area and,
to a lesser extent, from other financial service companies, such as brokerage
firms, credit unions and insurance companies. The Bank also faces competition
for investors’ funds from money market funds and other corporate and government
securities.