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Net income available to common shareholders totaled $167.3 million. Operating earnings totaled $176.1 million, or $0.41 per common share (See Non-GAAP Financial Measures and Reconciliation to GAAP). Net interest income totaled $380.9 million in 2Q21 compared to $385.9 million in 1Q21. Includes $24.9 million associated with PPP loans in 2Q21 ($20.0 million in net fees and $4.9 million in net interest income). Net interest margin decreased four basis points from 1Q21 to 2.70% reflecting: Lower rates on deposits (increase of four basis points). One additional calendar day in 2Q21 (increase of two basis points). Lower yields on the securities portfolio (decrease of six basis points). Lower yields on the loan portfolio (decrease of four basis points).

New yorkUnited statesNew hampshireDistrict of columbiaJack barnesDavid rosatoFederal reserve bankPeople united financial incPeople united bankCompany rate nonStop shopVermont business magazine people united financial incHome loan bankMt bank corporationChittenden corpHolding company