Announces Common Dividend Increase for 28th Consecutive Year
Announced merger with M&T Bank Corporation, which is expected to close in the fourth quarter of 2021.
Sustained excellent asset quality as evidenced by net loan charge-offs to average total loans of 12 basis points, and provision for credit losses resulting in a net benefit of $13.6 million.
Maintained strong deposit inflows as period-end balances increased $1.3 billion or three percent linked-quarter.
Reached agreement with Stop & Shop on the timing of the exit from all New York in-store branch and ATM locations, which will begin in the third quarter of 2021 with a full exit occurring over four quarters.
People s United Financial Inc [PBCT] is 34 15% higher this YTD Is it still time to buy?
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People s United Financial, Inc (NASDAQ:PBCT) - People s United Finl: Q1 Earnings Insights
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People s United Financial Declares Cash Dividend on Preferred Stock
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BRIDGEPORT, Conn., April 22, 2021 /PRNewswire/ People s United Financial, Inc. (NASDAQ: PBCT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3515625 per share on the Company s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock. The dividend is payable on June 15, 2021 to shareholders of record at the close of business on June 1, 2021.
People s United Financial, Inc., a diversified, community-focused financial services company with more than $64 billion in total assets, offers commercial and retail banking through a network of more than 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine, as well as wealth management solutions. The company also provides specialized commercial services to customers nationwide.