Recap: People's United Finl Q4 Earnings

Shares of People's United Finl PBCT were flat in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share fell 5.41% year over year to $0.35, which beat the estimate of $0.33.

Revenue of $561,000,000 up by 10.67% year over year, which beat the estimate of $500,070,000.

Outlook

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

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

Conference Call Details

Date: Jan 21, 2021

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/8wtzx2ku

Technicals

52-week high: $16.37

52-week low: $9.37

Price action over last quarter: Up 23.69%

Company Overview

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.