People's United Bank (PBCT) Reports In-Line Q1 EPS

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Go back to People's United Bank (PBCT) Reports In-Line Q1 EPS

People's United Financial Reports First Quarter Net Income of $70.8 Million, or $0.22 Per Common Share, and Announces Common Dividend Increase

April 20, 2017 7:05 AM EDT

BRIDGEPORT, Conn., April 20, 2017 /PRNewswire/ -- People's United Financial, Inc. (NASDAQ: PBCT) today reported net income of $70.8 million, or $0.22 per common share, for the first quarter of 2017, compared to $62.9 million, or $0.21 per common share, for the first quarter of 2016, and $75.9 million, or $0.24 per common share, for the fourth quarter of 2016.  Included in this quarter's results were merger-related and acquisition integration costs of $1.2 million ($0.8 million after-tax), or less than $0.01 per common share, compared to $1.6 million ($1.0 million after-tax), or less than $0.01 per common share, for the fourth quarter of 2016.

As previously reported, People's United... More