PEOPLE’S UNITED FINANCIAL, INC. PBCT Income Statement

People’s united financial, inc. (PBCT)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Interest and dividend income:
Commercial real estate
573,300	556,400	539,400	517,500	489,100	463,400	439,400	430,300	424,100	405,700	386,300	366,400	346,400	344,600	343,900	343,900	345,000	343,500	345,100	348,600	350,800	354,200	355,000	355,800	354,400	351,200	348,700	350,000	359,200	365,400	379,700	386,400	382,500	392,400	378,000	356,300	339,400	312,100	300,300	297,900	293,100	287,800	289,100	289,900	0	0	0
Commercial and industrial
446,100	443,600	428,800	408,600	387,300	365,700	345,700	332,500	316,500	298,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment financing
263,000	253,800	243,800	234,700	222,400	212,300	203,100	188,400	169,400	152,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and fee income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	348,600	345,900	345,600	347,000	351,000	355,900	359,800	365,900	364,200	368,000	362,800	348,600	325,100	298,100	281,900	261,300	243,900	225,400	206,300	198,900	207,400	214,700	0	0	0
Residential mortgage
348,800	329,100	311,100	282,400	252,200	236,200	219,400	215,900	212,900	207,500	201,100	194,300	185,800	180,400	176,400	172,600	169,100	165,400	162,200	158,400	155,900	153,500	150,100	146,700	143,200	139,900	138,100	140,500	142,000	143,700	144,700	142,100	136,000	129,100	120,600	112,600	110,600	109,400	110,000	118,600	128,700	141,300	159,000	172,300	0	0	0
Home equity and other consumer
109,200	106,100	99,700	97,000	92,700	88,600	84,900	83,900	82,400	80,000	77,400	74,800	73,300	73,500	73,500	73,200	72,800	72,300	72,900	73,300	73,700	73,900	73,900	74,000	74,300	74,800	75,600	76,800	78,100	80,000	81,700	83,400	84,000	84,200	85,100	85,800	87,700	89,600	91,000	92,800	94,300	95,400	99,100	101,900	0	0	0
Total interest on loans
0	-	1,622,800	1,540,200	0	-	1,292,500	1,251,000	1,205,300	-	1,084,900	1,033,800	994,000	984,400	975,600	964,300	956,000	945,600	941,000	937,700	935,000	932,600	927,600	922,400	917,500	912,900	913,400	923,200	939,100	955,000	970,300	979,900	965,300	954,300	908,800	852,800	819,600	772,400	745,200	734,700	722,400	723,400	754,600	778,800	0	0	0
Securities
189,900	186,500	187,200	189,100	188,000	184,200	177,300	167,900	160,700	153,700	149,000	146,000	142,800	140,300	137,200	134,200	128,500	121,500	111,700	104,100	99,200	96,800	95,600	94,000	92,100	89,700	87,600	85,900	82,000	77,300	73,900	75,300	80,400	83,400	79,700	70,600	56,400	43,500	38,300	33,200	31,200	32,400	28,800	28,700	0	0	0
Loans held-for-sale
3,900	800	800	800	900	900	0	100	800	900	1,800	1,900	1,200	1,100	1,100	1,100	1,300	1,300	1,200	1,100	900	800	800	1,000	1,200	1,500	1,700	1,700	1,700	1,800	2,100	2,000	1,900	2,100	2,100	2,300	2,600	2,400	0	0	0	-	-	-	-	-	-
Short-term investments
5,500	4,800	5,200	5,000	5,100	5,000	5,400	5,400	4,200	3,700	2,300	1,600	1,800	1,500	1,300	1,000	800	500	400	400	400	400	400	300	300	300	300	300	600	800	1,200	1,700	1,700	2,100	3,100	3,400	4,500	5,500	5,800	6,400	6,500	6,500	17,200	25,200	0	0	0
Securities purchased under agreements to resell
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	800	0	-	0	0	-	0	0
Total interest and dividend income
1,939,700	1,881,100	1,816,000	1,735,100	1,637,700	1,556,300	1,475,200	1,424,400	1,371,000	1,302,400	1,238,000	1,183,300	1,139,800	1,127,300	1,115,200	1,100,600	1,086,600	1,068,900	1,054,300	1,043,300	1,035,500	1,030,600	1,024,400	1,017,700	1,011,100	1,004,400	1,003,000	1,011,100	1,023,400	1,034,900	1,047,500	1,058,900	1,049,300	1,041,900	993,100	928,900	883,000	823,800	795,500	779,900	765,200	766,800	801,700	837,300	0	0	0
Interest expense:
Deposits
354,600	356,900	340,600	305,300	256,000	216,100	183,800	161,300	144,900	130,700	117,500	108,300	102,800	100,900	100,400	100,000	98,500	95,500	92,600	88,000	83,800	80,900	78,900	78,800	79,600	81,100	83,400	85,400	88,500	90,800	94,700	101,100	103,900	107,400	108,000	107,100	109,700	112,800	122,200	137,100	154,900	173,400	195,500	218,800	0	0	0
Borrowings
74,700	77,000	78,500	75,200	74,400	70,900	63,300	57,800	48,200	41,300	35,300	28,700	25,100	22,800	19,700	16,500	13,900	11,500	10,600	10,500	10,600	11,100	11,600	11,500	11,300	10,500	9,500	8,600	7,600	7,000	6,800	7,400	8,200	9,000	8,500	6,400	4,300	2,300	1,500	1,500	1,600	1,500	1,900	2,500	0	0	0
Notes and debentures
34,900	34,900	34,700	34,700	34,300	33,300	32,300	31,300	30,200	29,900	30,300	30,700	31,200	31,400	30,900	30,400	30,100	29,800	29,700	29,700	28,200	26,700	25,200	23,700	23,800	24,200	21,300	17,000	12,500	8,400	8,200	9,700	10,900	12,100	12,600	13,300	14,300	14,700	15,100	15,100	15,100	15,100	15,200	15,200	0	0	0
Total interest expense
464,200	468,800	453,800	415,200	364,700	320,300	279,400	250,400	223,300	201,900	183,100	167,700	159,100	155,100	151,000	146,900	142,500	136,800	132,900	128,200	122,600	118,700	115,700	114,000	114,700	115,800	114,200	111,000	108,600	106,200	109,700	118,200	123,000	128,500	129,100	126,800	128,300	129,800	138,800	153,700	171,600	190,000	212,600	236,500	0	0	0
Net interest income
1,475,500	1,412,300	1,362,200	1,319,900	1,273,000	1,236,000	1,195,800	1,174,000	1,147,700	1,100,500	1,054,900	1,015,600	980,700	972,200	964,200	953,700	944,100	932,100	921,400	915,100	912,900	911,900	908,700	903,700	896,400	888,600	888,800	900,100	914,800	928,700	937,800	940,700	926,300	913,400	864,000	802,100	754,700	694,000	656,700	626,200	593,600	576,800	589,100	600,800	0	0	0
Provision for credit losses (notes 3 and 4)
56,200	28,300	30,900	31,300	30,200	30,000	27,600	26,400	27,000	26,000	26,200	27,600	30,500	36,600	38,600	36,400	34,100	33,400	33,600	39,800	40,900	40,600	40,700	40,400	40,800	43,700	45,700	48,700	50,100	49,200	57,900	57,200	60,600	63,700	-66,100	-58,700	-54,900	-60,000	62,700	62,400	58,600	57,000	50,200	31,100	0	0	0
Net interest income after provision for credit losses
1,419,300	1,384,000	1,331,300	1,288,600	1,242,800	1,206,000	1,168,200	1,147,600	1,120,700	1,074,500	1,028,700	988,000	950,200	935,600	925,600	917,300	910,000	898,700	887,800	875,300	872,000	871,300	868,000	863,300	855,600	844,900	843,100	851,400	864,700	879,500	879,900	883,500	865,700	849,700	810,100	740,800	689,600	634,000	594,000	563,800	535,000	519,800	538,900	569,700	0	0	0
Non-interest income:
Operating leases
51,100	51,200	50,400	48,400	46,900	44,900	44,600	44,500	44,300	43,800	41,600	41,900	41,000	41,200	42,200	41,500	41,900	42,300	42,000	41,700	41,100	41,600	40,800	39,300	37,500	34,500	33,600	33,200	32,800	31,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total wealth management income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	78,600	81,300	0	0	0
Commercial banking lending fees
47,000	42,700	39,400	35,500	34,700	37,300	36,500	35,600	37,700	35,500	33,900	34,000	31,700	31,600	33,600	36,800	37,400	42,600	45,000	43,300	40,900	36,400	34,000	33,700	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance revenue
37,400	37,000	36,200	35,700	35,300	34,600	34,800	34,700	33,900	33,200	33,100	33,200	32,700	32,900	33,600	32,900	32,400	30,700	29,800	29,500	29,800	29,900	30,000	30,300	30,600	31,200	31,200	31,600	31,700	31,800	32,300	31,800	31,200	30,700	30,400	29,700	29,400	28,800	28,900	28,500	29,000	30,000	31,800	32,000	0	0	0
Cash management fees
29,000	28,400	27,800	27,500	27,300	27,100	27,100	26,900	26,400	26,100	25,800	25,500	25,300	25,000	24,900	24,800	24,600	24,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net security gains (losses) (note 4)
-	-	-	-	-	-	-	-	-	-25,400	-21,600	-21,700	-21,700	-5,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,800	0	0	0	-	-	-	-	22,000	21,900	17,000	0	0	0
Brokerage commissions
-	-	11,300	11,900	-	12,800	12,400	12,000	12,200	12,100	12,000	12,400	12,200	12,200	12,500	12,400	12,400	12,600	12,900	13,200	13,600	13,600	13,900	13,800	13,600	13,700	12,900	12,400	12,400	12,200	11,900	11,900	11,800	11,900	12,200	12,200	11,700	11,300	11,300	11,300	11,700	12,200	13,400	14,800	0	0	0
Net gains on sales of residential mortgage loans (note 5)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	4,600	5,700	5,500	5,200	4,800	2,800	2,900	2,900	5,700	9,900	14,800	0	0	0	-	-	-	-	-	0	0	0	-	10,900	13,700	14,800	13,900	12,400	9,400	0	0	0
Bank-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,700	8,500	8,600	8,400	8,600	8,100	0	0	0
Merchant services income, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,500	-5,900	-900	3,900	26,100	26,500	0	0	0
Gain on sale of business, net of expenses (note 8)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (losses) gains on sales of acquired loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Other non-interest income (note 2)
108,300	85,900	67,700	62,100	55,000	50,900	51,900	50,700	46,700	62,600	67,400	71,700	73,900	59,400	55,800	50,900	46,900	49,800	38,400	37,000	37,300	32,600	22,000	23,500	24,500	36,900	29,200	35,300	38,200	29,700	35,200	43,300	47,700	51,600	62,400	51,700	47,300	41,100	41,800	37,900	34,100	32,700	34,300	33,700	0	0	0
Total non-interest income
460,300	431,100	395,700	382,000	370,600	366,400	364,900	361,900	358,600	352,900	349,800	351,300	345,100	342,700	351,800	348,100	345,700	352,400	345,900	342,800	359,900	350,800	346,500	348,600	336,700	341,700	350,100	345,400	332,900	320,400	301,200	304,500	305,400	307,600	304,000	287,300	280,400	270,000	248,800	261,000	276,300	284,300	311,600	304,800	0	0	0
Non-interest expense:
Compensation and benefits
664,700	646,200	626,300	603,900	577,600	562,900	544,200	538,400	535,500	522,700	512,400	498,600	477,900	464,100	453,600	450,900	448,800	449,500	445,700	440,400	440,400	436,000	435,400	434,200	429,300	427,100	416,900	416,700	416,800	418,900	432,500	435,900	433,900	429,000	416,300	399,400	389,500	380,400	371,300	364,100	358,100	350,500	346,900	347,600	0	0	0
Occupancy and equipment
192,600	185,900	178,300	174,900	171,300	168,200	164,600	163,200	162,200	159,600	156,400	153,900	151,500	150,400	149,600	148,900	148,300	149,500	148,800	148,200	148,000	147,300	147,500	147,800	148,100	148,000	149,400	149,200	146,400	141,900	138,400	136,800	133,600	133,300	127,000	120,100	117,700	114,400	114,300	113,800	111,600	109,800	107,900	106,500	0	0	0
Professional and outside services
116,700	98,200	90,000	83,300	79,000	77,600	74,900	77,100	84,600	81,500	79,100	77,600	65,900	67,800	69,400	68,700	69,600	68,000	64,800	62,100	59,700	59,200	60,200	62,000	62,000	60,600	61,700	61,400	64,000	65,400	67,300	70,100	70,000	70,600	71,700	71,600	75,000	72,700	62,900	56,000	46,900	44,000	45,900	46,100	0	0	0
Amortization of other acquisition-related intangible assets (note 8)
36,500	32,500	29,600	26,500	23,400	21,800	22,800	25,800	28,800	30,000	28,300	26,200	24,100	23,600	23,500	23,600	23,800	23,900	24,000	24,300	24,500	24,800	25,200	25,500	25,900	26,200	26,300	26,500	26,700	26,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Expense related to operating leases
39,200	38,800	39,000	38,000	36,800	36,400	35,500	35,400	35,400	35,200	34,600	35,500	35,900	36,300	37,400	36,900	37,000	37,100	36,600	36,100	35,600	37,400	36,900	36,000	34,900	31,300	30,400	29,400	28,200	26,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulatory assessments
27,800	26,100	26,200	30,900	34,300	37,900	42,400	42,700	42,700	41,700	40,200	39,800	39,100	37,500	34,200	33,800	33,800	35,100	37,400	36,400	36,200	35,600	34,800	34,900	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Merger-related expenses (note 5)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,900	34,400	15,300	11,700	23,300	18,500	17,500	0	-	0	0	-	0	0
Merchant services expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,600	22,800	0	0	0
Other non-interest expense
128,100	135,000	110,300	102,100	107,400	91,300	88,800	86,400	88,500	89,600	86,700	90,400	83,200	89,100	100,900	98,600	99,000	97,500	94,000	98,400	98,000	101,200	94,500	97,800	101,000	112,000	105,000	111,500	121,100	120,500	116,400	128,200	141,600	149,500	153,600	151,000	159,200	153,400	177,100	165,800	154,200	153,500	147,800	144,700	0	0	0
Total non-interest expense
1,205,600	1,162,700	1,099,700	1,059,600	1,029,800	996,100	973,200	969,000	977,700	960,300	937,700	922,000	877,600	868,800	868,600	861,400	860,300	860,600	851,300	845,900	842,400	841,500	842,500	846,200	843,700	839,000	837,700	834,100	834,000	830,600	853,400	876,400	877,700	871,900	840,800	795,200	790,900	782,000	730,300	709,100	682,600	659,800	671,100	668,900	0	0	0
Income before income tax expense
674,000	652,400	627,300	611,000	583,600	576,300	559,900	540,500	501,600	467,100	440,800	417,300	417,700	409,500	408,800	404,000	395,400	390,500	382,400	372,200	389,500	380,600	372,000	365,700	348,600	347,600	355,500	362,700	363,600	369,300	327,700	311,600	293,400	285,400	273,300	232,900	179,100	122,000	112,500	115,700	128,700	144,300	179,400	205,600	0	0	0
Income tax expense (note 1)
137,800	132,000	111,400	113,200	108,800	108,200	118,500	125,300	127,300	129,900	134,000	127,600	128,800	128,500	132,900	133,400	131,600	130,400	128,400	125,000	131,700	128,900	125,700	122,500	115,600	115,200	121,200	124,700	123,100	124,000	105,600	100,200	95,400	93,000	90,100	77,100	58,500	39,500	33,900	34,400	38,100	43,100	57,100	67,100	0	0	0
Net income
536,200	520,400	515,900	497,800	474,800	468,100	441,400	415,200	374,300	337,200	306,800	289,700	288,900	281,000	275,900	270,600	263,800	260,100	254,000	247,200	257,800	251,700	246,300	243,200	233,000	232,400	234,300	238,000	240,500	245,300	222,100	211,400	198,000	192,400	183,200	155,800	120,600	82,500	78,600	81,300	90,600	101,200	122,300	138,500	0	0	0
Preferred stock dividend
14,100	14,100	14,100	14,100	14,100	14,100	14,100	14,100	14,100	14,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common shareholders
522,100	506,300	501,800	483,700	460,700	454,000	427,300	401,100	360,200	323,100	294,500	280,900	283,600	279,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per common share (note 7):
Earnings per common share (note 16):
Basic (USD per share)
0.30	0.31	0.34	0.33	0.30	0.35	0.33	0.31	0.31	0.30	0.26	0.20	0.22	0.24	0.24	0.23	0.21	0.23	0.23	0.20	0.20	0.21	0.21	0.24	0.18	0.19	0.19	0.20	0.16	0.18	0.18	0.19	0.17	0.11	0.14	0.15	0.15	0.08	0.07	0.04	0.04	0.07	0.08	0.08	0.07	0.14	0.13
Diluted (USD per share)
0.30	0.31	0.33	0.33	0.30	0.35	0.33	0.31	0.30	0.30	0.26	0.19	0.22	0.24	0.24	0.23	0.21	0.23	0.23	0.20	0.20	0.21	0.21	0.24	0.18	0.19	0.19	0.20	0.16	0.18	0.18	0.19	0.17	0.11	0.14	0.15	0.15	0.08	0.07	0.04	0.04	0.07	0.08	0.08	0.07	0.14	0.13
Bank service charges
Fees
110,300	107,500	105,500	103,400	101,300	99,900	97,700	98,100	98,800	98,500	98,000	98,000	97,700	98,000	98,900	99,700	100,300	100,700	84,700	91,900	99,400	105,700	128,400	128,400	127,700	127,300	126,900	126,600	127,000	127,200	127,400	130,200	130,600	131,300	130,400	126,100	126,100	126,300	127,800	129,600	129,600	128,800	129,700	128,800	0	0	0
Investment management fees
Fees
66,400	67,600	70,100	70,200	70,300	68,700	69,600	69,100	68,200	66,500	63,400	58,100	53,200	48,300	44,900	44,100	44,000	43,700	43,400	43,300	42,600	41,600	40,700	39,200	38,000	37,200	36,500	36,000	35,300	34,900	34,300	34,000	33,600	33,200	32,800	32,000	32,300	32,000	32,000	32,800	32,800	32,400	33,400	34,500	0	0	0