People's United Bank (PBCT) Reports In-Line Q1 EPS
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People's United Insurance Agency Announces Acquisition of Massachusetts Brokerage Eagle Insurance Group, LLC
April 21, 2016 7:02 AM EDTBRIDGEPORT, Conn., April 21, 2016 /PRNewswire/ --Â People's United Bank, N.A. announced today that its subsidiary, People's United Insurance Agency (PUIA), has acquired Eagle Insurance Group, LLC, a Raynham, MA-based insurance brokerage firm.
"We are very pleased to welcome Eagle Insurance Group to our PUIA team," said Jack Barnes, President and Chief Executive Officer. "The acquisition deepens our presence in eastern Massachusetts while expanding PUIA's heating oil and propane supplier relationships and expertise in the commercial segment."
"Eagle has established... More
People's United Financial Reports First Quarter Net Income of $62.9 Million, or $0.21 Per Share, and Announces Dividend Increase
April 21, 2016 7:00 AM EDTBRIDGEPORT, Conn., April 21, 2016 /PRNewswire/ -- People's United Financial, Inc. (NASDAQ: PBCT) today reported net income of $62.9 million, or $0.21 per share, for the first quarter of 2016, compared to $59.2 million, or $0.20 per share, for the first quarter of 2015, and $70.8 million, or $0.23 per share, for the fourth quarter of 2015. Included in the results for the fourth quarter of 2015 was a net after-tax gain of $6.1 million ($0.02 per share) resulting from the sale of the Company's payroll services business.
The Company's Board of Directors voted to increase the common stock dividend to... More
