People's United Financial Inc. Reports 6% Gain In Q1 Profit

(RTTNews) - People's United Financial Inc. (PBCT) revealed earnings for its first quarter that increased compared to the same period last year.

The company said its bottom line climbed to $62.9 million, or $0.21 per share. This was up from $59.2 million, or $0.20 per share, in last year's first quarter.

Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

People's United Financial Inc. earnings at a glance:

-Earnings (Q1): $62.9 Mln. vs. $59.2 Mln. last year. -Earnings Growth (Y-o-Y): 6.2% -EPS (Q1): $0.21 vs. $0.20 last year. -EPS Growth (Y-o-Y): 5.0% -Analysts Estimate: $0.21