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Market Overview

Recap: People's United Finl Q3 Earnings

Share:

Shares of People's United Finl (NASDAQ:PBCT) moved higher by 1.15% after the company reported Q3 results.

Quarterly Results

Earnings per share were flat 0.00% over the past year to $0.34, which beat the estimate of $0.29.

Revenue of $492,500,000 up by 8.31% from the same period last year, which missed the estimate of $506,120,000.

Outlook

People's United Finl hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Oct 22, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/6n3tqjmf

Price Action

52-week high: $17.22

Company's 52-week low was at $9.37

Price action over last quarter: down 5.71%

Company Description

People's United Financial Inc has nearly $39 billion of assets. People's United Bank is one of the New England-based banks and among the top 50 in the U.S. Of the bank's 405 locations, 40% are in Connecticut, where it ranks third by deposit market share. It also ranks among the top 10 in Vermont, New Hampshire, and Maine. The bank offers brokerage, financial advisory and wealth management, and insurance services. Commercial real estate accounts for 35% of the loan book, C&I and equipment financing accounts for another 35%, and the rest is in mortgages and consumer.

 

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Posted-In: Earnings