People's United Bank (PBCT) Tops Q3 EPS by 1c

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Go back to People's United Bank (PBCT) Tops Q3 EPS by 1c

People's United Financial Reports Third Quarter Net Income of $90.8 Million, or $0.26 Per Common Share

October 19, 2017 4:01 PM EDT

BRIDGEPORT, Conn., Oct. 19, 2017 /PRNewswire/ -- People's United Financial, Inc. (NASDAQ: PBCT) today reported net income of $90.8 million, or $0.26 per common share, for the third quarter of 2017, compared to $73.7 million, or $0.24 per common share, for the third quarter of 2016, and $69.3 million, or $0.19 per common share, for the second quarter of 2017.

Included in this quarter's results were merger-related expenses of $3.0 million ($2.0 million after-tax), or less than $0.01 per common share, compared to $3.1 million ($2.1 million after-tax), or $0.01 per common share, for the third quarter of 2016, and $24.8 million ($16.8 million after-tax), or $0.05 per common share, for... More