PEOPLE’S UNITED FINANCIAL, INC. PBCT Income Statement

People’s united financial, inc. (PBCT)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
Interest and dividend income:
Commercial real estate
556,400	463,400	405,700	344,600	343,500	354,200	351,200	365,400	392,400	312,100	287,800	302,100	127,700
Commercial and industrial
443,600	365,700	298,800	255,000	-	-	-	-	-	-	-	-	-
Equipment financing
253,800	212,300	152,100	130,900	-	-	-	-	-	-	-	-	-
Interest and fee income
-	-	-	-	-	-	347,000	365,900	348,600	261,300	198,900	229,100	167,600
Residential mortgage
329,100	236,200	207,500	180,400	165,400	153,500	139,900	143,700	129,100	109,400	141,300	189,900	183,900
Home equity and other consumer
106,100	88,600	80,000	73,500	72,300	73,900	74,800	80,000	84,200	89,600	95,400	110,900	88,900
Interest and Fee Income, Loans and Leases Held-in-portfolio, Total
1,689,000	1,366,200	1,144,100	-	-	-	-	-	-	-	-	-	-
Total interest on loans
-	-	-	984,400	945,600	932,600	912,900	955,000	954,300	772,400	723,400	832,000	568,100
Securities
186,500	184,200	153,700	140,300	121,500	96,800	89,700	77,300	83,400	43,500	32,400	30,800	3,900
Loans held-for-sale
800	900	900	1,100	1,300	800	1,500	1,800	2,100	2,400	3,700	-	-
Short-term investments
4,800	5,000	3,700	1,500	500	400	300	800	2,100	5,500	6,500	46,900	86,700
Securities purchased under agreements to resell
-	-	-	-	-	-	-	-	-	-	800	7,500	48,300
Total interest and dividend income
1,881,100	1,556,300	1,302,400	1,127,300	1,068,900	1,030,600	1,004,400	1,034,900	1,041,900	823,800	766,800	917,200	707,000
Interest expense:
Deposits
356,900	216,100	130,700	100,900	95,500	80,900	81,100	90,800	107,400	112,800	173,400	262,100	213,600
Borrowings
77,000	70,900	41,300	22,800	11,500	11,100	10,500	7,000	9,000	2,300	1,500	3,500	200
Notes and debentures
34,900	33,300	29,900	31,400	29,800	26,700	24,200	8,400	12,100	14,700	15,100	15,200	6,600
Total interest expense
468,800	320,300	201,900	155,100	136,800	118,700	115,800	106,200	128,500	129,800	190,000	280,800	220,400
Net interest income
1,412,300	1,236,000	1,100,500	972,200	932,100	911,900	888,600	928,700	913,400	694,000	576,800	636,400	486,600
Provision for credit losses (notes 3 and 4)
28,300	30,000	26,000	36,600	33,400	40,600	43,700	49,200	63,700	-60,000	57,000	26,200	8,000
Net interest income after provision for credit losses
1,384,000	1,206,000	1,074,500	935,600	898,700	871,300	844,900	879,500	849,700	634,000	519,800	610,200	478,600
Non-interest income:
Operating leases
51,200	44,900	43,800	41,200	42,300	41,600	34,500	31,200	25,000	19,400	-	-	-
Total wealth management income
-	-	-	-	-	-	-	-	-	-	-	86,100	52,400
Commercial banking lending fees
42,700	37,300	35,500	31,600	42,600	36,400	40,400	36,300	-	-	-	-	-
Insurance revenue
37,000	34,600	33,200	32,900	30,700	29,900	31,200	31,800	30,700	28,800	30,000	33,300	26,800
Cash management fees
28,400	27,100	26,100	25,000	24,500	22,900	-	-	-	-	-	-	-
Net security gains (losses) (note 4)
200	-9,800	-25,400	-5,900	-	3,000	-	-	8,800	-1,000	22,000	8,300	5,500
Brokerage commissions
10,600	12,800	12,100	12,200	12,600	13,600	13,700	12,200	11,900	11,300	12,200	16,000	13,600
Net gains on sales of residential mortgage loans (note 5)
-	-	-	-	5,500	2,900	14,800	16,100	-	-	13,900	6,500	3,000
Bank-owned life insurance
-	-	-	-	-	-	-	-	-	-	8,400	8,300	10,500
Merchant services income, net
-	-	-	-	-	-	-	-	-	-	3,900	27,600	0
Gain on sale of business, net of expenses (note 8)
-	-	-	-	-	20,600	-	-	-	-	-	-	-
Net (losses) gains on sales of acquired loans
-	-	-	-	-	-	5,700	1,000	-	-	-	-	-
Other non-interest income (note 2)
85,900	50,900	62,600	59,400	49,800	32,600	36,900	29,700	51,600	41,100	32,700	39,100	20,900
Total non-interest income
431,100	366,400	352,900	342,700	352,400	350,800	341,700	320,400	307,600	270,000	284,300	303,600	185,400
Non-interest expense:
Compensation and benefits
646,200	562,900	522,700	464,100	449,500	436,000	427,100	418,900	429,000	380,400	350,500	344,600	215,600
Occupancy and equipment
185,900	168,200	159,600	150,400	149,500	147,300	148,000	141,900	133,300	114,400	109,800	110,300	67,100
Professional and outside services
98,200	77,600	81,500	67,800	68,000	59,200	60,600	65,400	70,600	72,700	44,000	48,000	28,800
Amortization of other acquisition-related intangible assets (note 8)
32,500	21,800	30,000	23,600	23,900	24,800	26,200	26,800	25,800	21,700	-	-	-
Expense related to operating leases
38,800	36,400	35,200	36,300	37,100	37,400	31,300	26,300	20,800	-	-	-	-
Regulatory assessments
26,100	37,900	41,700	37,500	35,100	35,600	33,800	30,800	-	-	-	-	-
Amortization of leased equipment
-	-	-	-	-	-	-	-	-	16,100	-	-	-
Merger-related expenses (note 5)
-	-	-	-	-	-	-	-	42,900	23,300	2,000	23,900	0
Merchant services expense
-	-	-	-	-	-	-	-	-	-	-	36,500	0
Contribution to The People's United Community Foundation (note 2)
-	-	-	-	-	-	-	-	-	-	-	-	60,000
Other non-interest expense
135,000	91,300	89,600	89,100	97,500	101,200	112,000	120,500	149,500	153,400	153,500	145,700	67,800
Total non-interest expense
1,162,700	996,100	960,300	868,800	860,600	841,500	839,000	830,600	871,900	782,000	659,800	709,000	439,300
Income before income tax expense
652,400	576,300	467,100	409,500	390,500	380,600	347,600	369,300	285,400	122,000	144,300	204,800	224,700
Income tax expense (note 1)
132,000	108,200	129,900	128,500	130,400	128,900	115,200	124,000	93,000	39,500	43,100	67,000	75,500
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	149,200
Income from discontinued operations, net of tax (note 24)
-	-	-	-	-	-	-	-	-	-	-	-	1,500
Net income
520,400	468,100	337,200	281,000	260,100	251,700	232,400	245,300	192,400	82,500	101,200	137,800	150,700
Preferred stock dividend
14,100	14,100	14,100	1,800	-	-	-	-	-	-	-	-	-
Net income available to common shareholders
506,300	454,000	323,100	279,200	260,100	251,700	-	-	-	-	-	-	-
Earnings per common share (note 7):
Earnings per common share (note 16):
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	0.52
Basic (USD per share)
1.28	1.30	0.98	0.92	0.86	0.84	0.74	0.72	0.55	0.23	0.30	0.41	0.52
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	0.52
Diluted (USD per share)
1.27	1.29	0.97	0.92	0.86	0.84	0.74	0.72	0.55	0.23	0.30	0.41	0.52
Bank service charges
Fees
107,500	99,900	98,500	98,000	100,700	105,700	127,300	127,200	131,300	126,300	128,800	127,700	93,100
Investment management fees
Fees
67,600	68,700	66,500	48,300	43,700	41,600	37,200	34,900	33,200	32,000	32,400	36,800	12,000