People's United Bank (PBCT) Tops Q3 EPS by 2c

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Go back to People's United Bank (PBCT) Tops Q3 EPS by 2c

People's United Financial Reports Third Quarter Net Income of $73.7 Million, or $0.24 Per Share

October 20, 2016 4:01 PM EDT

BRIDGEPORT, Conn., Oct. 20, 2016 /PRNewswire/ -- People's United Financial, Inc. (NASDAQ: PBCT) today reported net income of $73.7 million, or $0.24 per share, for the third quarter of 2016, compared to $68.4 million, or $0.23 per share, for the third quarter of 2015, and $68.5 million, or $0.23 per share, for the second quarter of 2016. Included in this quarter's results were merger-related expenses of $3.1 million ($2.1 million after-tax), or $0.01 per share.

The Company's Board of Directors declared a $0.17 per share quarterly dividend, payable November 15, 2016 to shareholders of record on November 1, 2016.  Based on the closing stock price on October 19, 2016, the... More