Last $14.85 USD
Change Today +0.06 / 0.41%
Volume 1.6M
PBCT On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

people's united financial (PBCT) Snapshot

Open
$14.81
Previous Close
$14.79
Day High
$14.89
Day Low
$14.73
52 Week High
01/9/14 - $15.70
52 Week Low
10/20/14 - $13.61
Market Cap
4.6B
Average Volume 10 Days
1.9M
EPS TTM
$0.84
Shares Outstanding
308.0M
EX-Date
10/29/14
P/E TM
17.6x
Dividend
$0.66
Dividend Yield
4.43%
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 and business banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking, and Retail and Business Banking. The Commercial Banking segment offers commercial real estate lending, commercial and industrial lending, and commercial deposit gathering services, as well as equipment financing, cash management, correspondent banking, and municipal banking services. This segment also provides institutional trust services, corporate trust, insurance services, and private banking services. The Retail and Business Banking segment offers business lending; consumer and business deposit gathering services; consumer lending, including residential mortgage and home equity lending; and merchant services. This segment also provides brokerage, financial advisory, and investment management services, as well as life insurance products and non-institutional trust services. The company also offers online banking, investment trading, and telephone banking services. It operates a network of 410 branches; and 628 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.

4,842 Employees
Last Reported Date: 03/3/14
Founded in 1842

people's united financial (PBCT) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $969.7K
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: $635.1K
Senior Executive Vice President of Commercial...
Total Annual Compensation: $448.7K
Chief Administrative Officer and Senior Execu...
Total Annual Compensation: $423.9K
Compensation as of Fiscal Year 2013.

people's united financial (PBCT) Key Developments

People's United Financial Inc. Settles Smithtown Lawsuit

People's United Financial Inc. announced that the company has reached an agreement to settle a lawsuit stemming from its 2010 purchase of Smithtown Bancorp Inc.

People's United Financial Inc. Declares Third Quarter Dividend, Payable on November 15, 2014; Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Tax Rate Guidance for 2014 and 2015; Announces Net Loan Charge-Offs

The Board of Directors of People's United Financial Inc. declared a $0.165 per share quarterly dividend, payable on November 15, 2014 to shareholders of record on November 1, 2014. The company reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $61.6 million, or $0.21 per basic and diluted share compared to $58.5 million or $0.19 per basic and diluted share for the third quarter of 2013. Operating earnings were $63.0 million, or $0.21 per basic and diluted share compared to $60.8 million, or $0.20 per basic and diluted share, for the third quarter of 2013. Operating return on average assets was 0.74% compared to 0.78% for the third quarter of 2013. Operating return on average tangible stockholders' equity was 9.9% compared to 9.8% for the third quarter of 2013. Book value per share was $15.52 compared to $15.07 as at Sept. 30, 2013. Tangible book value per share was $8.49 compared to $8.14 as at Sept. 30, 2013. Return on average assets was 0.72% compared to 0.75% reported a year ago. Return on average tangible assets was 0.77% compared to 0.80% reported a year ago. Return on average stockholders' equity was 5.3% compared to 5.1% reported a year ago. Return on average tangible stockholders' equity was 9.7% compared to 9.4% reported a year ago. Net interest income was $228.5 million compared to $223.5 million reported a year ago. Income before income tax expense was $91.3 million compared to $85.0 million reported a year ago. Total interest and dividend income was $258.9 million compared to $252.2 million reported a year ago. For the nine months, net interest income was $683.8 million compared to $663.7 million reported a year ago. Income before income tax expense was $283.3 million compared to $258.9 million reported a year ago. Net income was $187.0 million or $0.62 per basic and diluted share compared to $173.1 million or $0.55 per basic and diluted share reported a year ago. Operating earnings were $179.4 million or $0.60 per basic and diluted share compared to $181.1 million or $0.58 per basic and diluted share reported a year ago. Return on average assets was 0.75% compared to 0.75% reported a year ago. Return on average tangible assets was 0.80% compared to 0.81% reported a year ago. Return on average stockholders' equity was 5.4% compared to 4.8% reported a year ago. Return on average tangible stockholders' equity was 10.0% compared to 8.6% reported a year ago. Operating return on average assets was 0.72% compared to 0.79% reported a year ago. Operating return on average tangible stockholders' equity was 9.6% compared to 9.0% reported a year ago. Total interest and dividend income was $771.0 million compared to $751.0 million reported a year ago. For the quarter, the company reported net loan charge-offs of $8.1 million compared to $9.6 million reported a year ago. For 2014, tax rate will probably turn into right around the 34%. The company expects tax rate of 34% for 2015.

People's United Financial Inc., Q3 2014 Earnings Call, Oct 16, 2014

People's United Financial Inc., Q3 2014 Earnings Call, Oct 16, 2014

 

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Industry Analysis

PBCT

Industry Average

Valuation PBCT Industry Range
Price/Earnings 18.1x
Price/Sales 3.7x
Price/Book 1.0x
Price/Cash Flow 18.5x
TEV/Sales NM Not Meaningful
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