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Last $16.16 USD
Change Today -0.105 / -0.65%
Volume 2.3M
PBCT On Other Exchanges
Symbol
Exchange
Berlin
As of 3:08 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

people's united financial (PBCT) Snapshot

Open
$16.19
Previous Close
$16.26
Day High
$16.24
Day Low
$16.09
52 Week High
07/2/15 - $16.95
52 Week Low
10/20/14 - $13.61
Market Cap
5.0B
Average Volume 10 Days
3.8M
EPS TTM
$0.88
Shares Outstanding
309.1M
EX-Date
04/29/15
P/E TM
18.3x
Dividend
$0.67
Dividend Yield
4.11%
Current Stock Chart for PEOPLE'S UNITED FINANCIAL (PBCT)

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people's united financial (PBCT) Details

People’s United Financial, Inc. operates as the bank holding company for People’s United Bank that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates through two segments, Commercial Banking and Retail Banking. The Commercial Banking segment principally consists of commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities. This segment also provides equipment financing; cash management, correspondent banking, and municipal banking services; institutional trust, corporate trust, private banking, and insurance services. The Retail Banking segment engages in consumer lending, including residential mortgage and home equity lending; and consumer deposit gathering activities. This segment also includes brokerage, financial advisory services, investment management services, life insurance, and non-institutional trust services. The company also provides online banking and investment trading, and telephone banking services. It operates through a network of 412 branches and 611 ATMs in Connecticut, southeastern New York, Massachusetts, Vermont, New Hampshire, and Maine. People’s United Financial, Inc. was founded in 1842 and is headquartered in Bridgeport, Connecticut.

4,586 Employees
Last Reported Date: 03/2/15
Founded in 1842

people's united financial (PBCT) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $994.7K
Senior Executive Vice President, Director, Me...
Total Annual Compensation: $645.2K
Senior Executive Vice President of Commercial...
Total Annual Compensation: $455.9K
Chief Administrative Officer and Senior Execu...
Total Annual Compensation: $439.1K
Senior Executive Vice President of Wealth Man...
Total Annual Compensation: $380.0K
Compensation as of Fiscal Year 2014.

people's united financial (PBCT) Key Developments

People's United Financial Inc. Declares Quarterly Dividend, Payable on May 15, 2015

The Board of Directors of People's United Financial Inc. voted to increase the common stock dividend to an annual rate of $0.67 per share. Based on the closing stock price on April 15, 2015, the dividend yield on common stock is 4.4%. The quarterly dividend of $0.1675 per share is payable May 15, 2015 to shareholders of record on May 1, 2015.

People's United Financial Inc. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Loan Charge-Offs for the First Quarter of 2015; Provides Net Interest Margin Guidance for the Full Year 205; Expects to Close Approximately 10 More Branches for the Remainder Year of 2015

People's United Financial Inc. reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $59.2 million, or $0.20 per basic and diluted share, compared to $53.1 million, or $0.18 per basic and diluted share, for the first quarter of 2014, and $64.7 million, or $0.22 per basic and diluted share, for the fourth quarter of 2014. Operating earnings were $63.2 million, or $0.21 per share, compared to $56.5 million, or $0.19 per share, for the first quarter of 2014, and $65.1 million, or $0.22 per basic and diluted share, for the fourth quarter of 2014. Revenues grew 3% from the prior year quarter mostly due to higher non-interest income, while operating expenses remained flat. Operating return on average assets was 0.71% for the quarter declined from 0.75% in the fourth quarter of 2014, but improved from 0.69% in the first quarter of 2014. Operating return on average tangible stockholders' equity was 9.9% in the quarter declined from 10.1% in the fourth quarter of 2014, but improved from 9.3% in the first quarter of 2014. Net interest income (fully taxable equivalent) was $233.9 million compared with $231.8 million a year ago. Net interest income was $228.1 million compared with $227.1 million a year ago. Income before income tax expense was $89.7 million compared with $80.8 million a year ago. Return on average assets was 0.66% compared with 0.65% a year ago. Return on average tangible assets was 0.70% compared with 0.69% a year ago. Return on average stockholders' equity was 5.1% compared with 4.7% a year ago. Return on average tangible stockholders' equity was 9.2% compared with 8.7% a year ago. As on March 31, 2015, the company's book value per share was $15.55 and tangible book value per share was $8.58 against book value per share of $15.35 and tangible book value per share of $8.26 as at March 31, 2014. Total interest and dividend income was $260.3 million against $255.4 million for the same period a year ago. Total revenues were $322.9 million against $311.7 million for the same period a year ago. Operating earnings increased 12% from a year ago, making the higher level of operating earnings the company has had in the first quarter of any year. Revenues increased 1% from the fourth quarter, as noninterest income was higher and net interest income was flat. As a reminder, net interest income, along with net interest margin, were unfavorably impacted by 2 fewer calendar days in the first quarter. In comparison to the prior year quarter, revenues increased 3%, driven by improvements in both net interest income and noninterest income. The company announced net loan charge-offs of $7.2 million for the first quarter ended March 31, 2015 against $5.5 million for the same period a year ago. For the full year 2015 the company continues to expect the full year 2015 net interest margin to be within the range of 2.85% to 2.95% as outlined in January. The company expects to close approximately 10 more branches during the remainder of the year 2015 as well as to look for opportunities to reduce real estate cost further by consolidating other facilities. The company announced that it is committed to branches as they provide valuable support to revenue-generating activities across all of its business lines.

People's United Financial Inc., Q1 2015 Earnings Call, Apr 16, 2015

People's United Financial Inc., Q1 2015 Earnings Call, Apr 16, 2015

 

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Industry Analysis

PBCT

Industry Average

Valuation PBCT Industry Range
Price/Earnings 18.9x
Price/Sales 3.9x
Price/Book 1.0x
Price/Cash Flow 19.5x
TEV/Sales NM Not Meaningful
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