People's United Financial, Inc. operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The Company operates in two segments, Commercial Banking and Retail Banking. The Commercial Banking segment offers commercial real estate lending, commercial and industrial lending, and commercial deposit gathering services. This segment also provides equipment financing; cash management, correspondent banking, and municipal banking services; institutional trust, corporate trust, private banking, and insurance services. The Retail Banking segment offers consumer lending, including residential mortgage and home equity lending; and consumer deposit gathering services. This segment also provides brokerage, financial advisory, investment management, life insurance, and non-institutional trust services. The Company also offers online banking, investment trading, and telephone banking services.

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Employee Rating

3.1More
TypePublic
HQBridgeport, US
Founded2006
Size (employees)5,188 (est)+10%
Websitepeoples.com
People's United Financial was founded in 2006 and is headquartered in Bridgeport, US
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People's United Financial Office Locations

People's United Financial has an office in Bridgeport
Bridgeport, (HQ)
850 Main St
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People's United Financial Financials and Metrics

People's United Financial Revenue

People's United Financial's revenue was reported to be $1.13 b in FY, 2016 which is a 5.5% increase from the previous period.
USD

Net income (Q3, 2018)

117.0m

Market capitalization (12-Dec-2018)

6.0b

Closing stock price (12-Dec-2018)

15.8

Cash (30-Sep-2018)

538.0m
People's United Financial's current market capitalization is $6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.0b1.0b1.1b1.1b

Revenue growth, %

3%4%5%

Cost of goods sold

115.8m118.7m136.8m

Gross profit

888.6m911.9m932.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q1, 2016Q3, 2016Q3, 2018

Cost of goods sold

34.1m37.9m39.2m

Sales and marketing expense

109.3m114.1m116.1m

General and administrative expense

36.8m37.5m37.7m

Operating expense total

211.8m217.3m221.4m
Annual
USDFY, 2013FY, 2016FY, 2017

Accounts Receivable

Inventories

PP&E

253.0m

Accounts Payable

222.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q3, 2018

Cash

563.0m773.0m538.0m

PP&E

250.0m

Goodwill

2.0b2.0b2.3b

Total Assets

40.2b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

232.4m251.7m260.1m281.0m

Inventories

Accounts Payable

Cash From Operating Activities

379.4m350.0m328.3m602.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

173.1m53.1m125.4m187.0m59.2m189.3m205.1m140.1m90.8m

Cash From Operating Activities

289.9m94.1m153.4m(4.1m)199.2m286.4m209.8m400.3m

Purchases of PP&E

(630.4m)(38.6m)(64.9m)(520.0m)(597.7m)(9.5m)(471.0m)(30.6m)(1.0m)(30.6m)

Cash From Investing Activities

(1.5b)41.3m(610.9m)(872.3m)(1.7b)(2.0b)(890.0m)(1.5b)(45.6m)(216.4m)
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People's United Financial Operating Metrics

People's United Financial's Total Loans was reported to be $31.4b in Q2, 2017.
FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

412 396 387

Non-performing Loans

$197 m$159.40 m$168.50 m$157.40 m$154.10 m$148 m$140.90 m$177.90 m

Total Loans

$33.77 b$36.93 b$29.30 b$28.82 b$29.14 b$39.78 b$29.46 b$31.38 b
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People's United Financial Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Suffolk BancorpJune 27, 2016$402 m

People's United Financial Revenue Breakdown

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People's United Financial revenue breakdown by business segment: 8.7% from Treasury, 34.7% from Retail Banking and 56.6% from Commercial Banking

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People's United Financial Online and Social Media Presence

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People's United Financial News and Updates

People's United Financial Declares Cash Dividend on Preferred Stock

BRIDGEPORT, Conn., Oct. 18, 2018 /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...

People's United Financial, Inc. Completes Acquisition of First Connecticut Bancorp, Inc.

BRIDGEPORT, Conn., Oct. 1, 2018 /PRNewswire/ -- People's United Financial, Inc. (NASDAQ: PBCT) the holding company for People's United Bank, N.A., announced today that it has completed its acquisition of First Connecticut Bancorp, Inc. (NASDAQ: FBNK) the holding company for Farmington...

People's United Financial Schedules Conference Call To Review Third Quarter 2018 Results

BRIDGEPORT, Conn., Sept. 21, 2018 /PRNewswire/ -- People's United Financial, Inc. (NASDAQ: PBCT) announced today it will host a conference call to discuss its third quarter 2018 results on Thursday, October 18, 2018 at 5 p.m. EDT, following the release of results at approximately 4 p.m....
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People's United Financial Company Life and Culture

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People's United Financial Frequently Asked Questions

  • When was People's United Financial founded?

    People's United Financial was founded in 2006.

  • How many employees does People's United Financial have?

    People's United Financial has 5,188 employees.

  • Who are People's United Financial competitors?

    Competitors of People's United Financial include Farmers Capital Bank , Western New England Bancorp and Heartland Financial.

  • Where is People's United Financial headquarters?

    People's United Financial headquarters is located at 850 Main St, Bridgeport.

  • Where are People's United Financial offices?

    People's United Financial has an office in Bridgeport.

  • How many offices does People's United Financial have?

    People's United Financial has 1 office.