People's United Financial Reports Second Quarter Net Income of $133.2 Million, or $0.33 per Common Share

Go back to People's United Financial Reports Second Quarter Net Income of $133.2 Million, or $0.33 per Common Share

People's United Bank (PBCT) Tops Q2 EPS by 1c

July 18, 2019 4:02 PM EDT

People's United Bank (NASDAQ: PBCT) reported Q2 EPS of $0.34, $0.01 better than the analyst estimate of $0.33.

"We are pleased with the Company's performance in the second quarter," said Jack Barnes, Chairman and Chief Executive Officer. "Operating earnings of $135 million increased 24 percent from a year ago and operating return on average common tangible equity of 14.6 percent improved 40 basis points. These strong results reflect the success of our strategy of balancing organic growth with... More