Peoples United Financial Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Peoples United Financial Inc (PBCT) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Peoples United Financial Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 1,941M vs 1,624,118M combined for its competitors (0.1% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-3.6% annualized vs trailing 12 months), vs decelerating (-15.2%) for its tracked peer group.
- Profitability: Its 32.1% net margin compares with 21.4% for the peer group.
- Peer revenue share: Peoples United Financial Inc accounted for 0.1% of combined revenue among its tracked peer group.
- Peer differentiation: Revenue per employee of $0.30M compares with $0.72M for the peer group (0.4x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
PBCT Sales vs. its Competitors, Q4 2021
With a net margin of 32.06 %, Peoples United Financial Inc achieved higher profitability than its competitors (21.41 %).
Peoples United Financial Inc generated 0.14 % of the combined sales of its peer group.
API endpoints for this dataset
Peoples United Financial Inc vs. its Competitors, Q4 2021
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Peoples United Financial Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Peoples United Financial Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Peoples United Financial Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Peoples United Financial Inc's competitor groups requires a Commercial License.
Peoples United Financial Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Peoples United Financial Inc | Yes | Yes | No | No |
| Competitors combined (326) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
PBCT Stock Performance relative to its Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Brookline Bancorp inc | 282.9% | Outperformed |
| 2 | Old Point Financial Corp | 282.9% | Outperformed |
| 3 | Optimumbank Holdings Inc | 282.9% | Outperformed |
| 4 | Lionsgate Studios Corp | 282.9% | Outperformed |
| 5 | Eagle Bancorp Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Peoples United Financial Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Peoples United Financial Inc's Comment on Competition and Industry Peers
People’s United Financial had: (i) the largest market share of deposits in Fairfield County, Connecticut; (ii) the third largest market share of deposits in the state of Connecticut; and (iii) the largest market share of deposits in the state of Vermont. People’s United Financial competes for deposits, loans and financial services with commercial banks, savings institutions, commercial and consumer finance companies, mortgage banking companies, insurance companies, credit unions and a variety of other institutional lenders and securities firms.
As People’s United Financial’s predominant market, Connecticut is one of the most attractive banking markets in the United States. With a total population of approximately 3.6 million and a median household income of $65,549, Connecticut ranks third in the United States, well above the U.S. median household income of $50,157, according to the Census and SNL Financial. Fairfield County, where People’s United Financial is headquartered, has the highest median household income in Connecticut of $80,342 according to the Census and SNL Financial. The median household income in New York, which has the Company’s second highest number of branches, was $53,826, according to the Census and SNL Financial. The median household income in Massachusetts and Vermont, which have the Company’s third and fourth highest number of branches, was $62,403 and $50,435, respectively, according to the Census and SNL Financial.
The principal basis of competition for deposits is the interest rate paid for those deposits and related fees, the convenience of access to services through traditional and non-traditional delivery alternatives, and the quality of services to customers. The principal basis of competition for loans is through the interest rates and loan fees charged and the development of relationships based on the efficiency, convenience and quality of services provided to borrowers. Further competition has been created through the rapid acceleration of commerce conducted over the Internet. This has enabled institutions, including People’s United Financial, to compete in markets outside their traditional geographic boundaries.
Publicly Traded Peers of Peoples United Financial Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Peoples United Financial Inc |
8,239.55 | 1,941.00 |
 Jpmorgan Chase and Co |
923,300.79 | 190,733.00 |
 Bank Of America Corporation |
364,937.77 | 122,968.00 |
 Morgan Stanley |
296,819.64 | 59,960.00 |
 The Goldman Sachs Group Inc |
277,879.17 | 42,162.00 |
 Wells Fargo and Company |
262,337.46 | 85,055.00 |
| SUBTOTAL | 4,643,015.06 | 1,727,696.40 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Peoples United Financial Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Peoples United Financial Inc's Competitors Named by the Company
Competitive relationships identified from Peoples United Financial Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Wsfs Financial Corporation | Company report | 85% |
| Tcf Financial Corporation | Company report | 85% |
| M and t Bank Corporation | Company report | 85% |
| Webster Financial Corporation | Company report | 85% |
| Wintrust Financial Corp | Company report | 85% |
| Keycorp | Company report | 85% |
| Prosperity Bancshares Inc | Company report | 85% |
| Fulton Financial Corp | Company report | 85% |
| City Holding Company | Company report | 85% |
| Comerica Incorporated | Company report | 85% |
| First Horizon Corp | Company report | 85% |
| Pnc Financial Services Group Inc | Company report | 85% |
| Hanmi Financial Corporation | Company report | 85% |
| Simmons First National Corp | Company report | 85% |
| Independent Bank Corp | Company report | 85% |
| First Financial Corporation | Company report | 85% |
| Macatawa Bank Corp | Company report | 85% |
| Bbva Usa Bancshares Inc | Company report | 85% |
| Wesbanco Inc | Company report | 85% |
| Stifel Financial Corp | Company report | 85% |
| Camden National Corp | Company report | 85% |
| Mufg Americas Holdings Corporation | Company report | 85% |
| Huntington Bancshares Incorporated | Company report | 85% |
| Cvb Financial Corp | Company report | 85% |
| Truist Financial Corporation | Company report | 85% |
| Republic First Bancorp Inc | Company report | 85% |
| Southside Bancshares Inc | Company report | 85% |
| Heartland Financial Usa Inc | Company report | 85% |
| Santander Holdings Usa Inc | Company report | 85% |
| Live Oak Bancshares Inc | Company report | 85% |
| Banc Of California Inc | Company report | 85% |
| Valley National Bancorp | Company report | 85% |
| Merchants Bancorp | Company report | 85% |
| Bankwell Financial Group Inc | Company report | 85% |
| Connectone Bancorp Inc | Company report | 85% |
| Cit Group Inc | Company report | 85% |
| Flagstar Bank National Association | Company report | 85% |
| Renasant Corp | Company report | 85% |
| Hsbc Usa Inc | Company report | 85% |
| Svb Financial Group | Company report | 85% |
| Investar Holding Corporation | Company report | 85% |
| Us Bancorp De | Company report | 85% |
| Bar Harbor Bankshares | Company report | 85% |
| Brookline Bancorp inc | Company report | 85% |
| Citizens Financial Group Inc | Company report | 85% |
| Fifth Third Bancorp | Company report | 85% |
| Citizens and Northern Corporation | Company report | 85% |
| Premier Financial Bancorp Inc | Company report | 85% |
| Great Western Bancorp Inc | Company report | 85% |
| Servisfirst Bancshares Inc | Company report | 85% |
| Independent Bank Corporation | Company report | 85% |
| S and t Bancorp Inc | Company report | 85% |
| Mercantile Bank Corporation | Company report | 85% |
| Bancfirst Corporation | Company report | 85% |
| Wells Fargo and Company | Company report | 85% |
| Citigroup inc | Company report | 85% |
| Washington Trust Bancorp Inc | Company report | 85% |
| Jpmorgan Chase and Co | Company report | 85% |
| Customers Bancorp Inc | Company report | 85% |
| Capital one financial corp | Company report | 85% |
| First Midwest Bancorp Inc | Company report | 85% |
| Sandy Spring Bancorp Inc | Company report | 85% |
| Hilltop Holdings Inc | Company report | 85% |
| Cornerstone Bancshares Inc | Company report | 85% |
| Bank Of America Corporation | Company report | 85% |
| Univest Financial Corporation | Company report | 85% |
| Boston private financial holdings inc | Company report | 85% |
| Investors Bancorp Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Peoples United Financial Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Peoples United Financial Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Citigroup inc | Markets 29.42 % |
| Schwab Charles Corp | Investor Services 78.69 % |
| Capital one financial corp | Credit Card 74.32 % |
| Apollo Global Management Inc | Retirement Services 91.20 % |
| Energy Transfer Lp | Investment In Sunoco LP 38.49 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Peoples United Financial Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Peoples United Financial Inc | 8,240 | 298,661 | 93,076 |
| Jpmorgan Chase and Co | 923,301 | 598,825 | 204,714 |
| Bank Of America Corporation | 364,938 | 577,315 | 150,793 |
| Morgan Stanley | 296,820 | 722,410 | 248,482 |
| The Goldman Sachs Group Inc | 277,879 | 889,494 | 467,700 |
| Wells Fargo and Company | 262,337 | 355,879 | 96,699 |
| PEERS TOTAL | 4,634,776 | 720,718 | 147,334 |
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Peoples United Financial Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Blackrock Inc | Americas 63.73 % |
| Franklin Resources Inc | United States 72.53 % |
| Invesco Ltd | Americas 75.67 % |
| Stifel Financial Corp | Americas 57.23 % |
| Stonex Group Inc | Middle East and Asia 90.47 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Peoples United Financial Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the S&Ls Savings Banks industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (2 companies). See the full S&Ls Savings Banks industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 2.47 % (avg) | - |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 46.16 % | -0.04 % (avg) | +46.2 pp |
| Capital Intensity (Capex / Revenue) | 1.47 % | 12.91 % (avg) | -11.4 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Peoples United Financial Inc's Valuation vs Competitive Position
Valuation multiples vs the S&Ls Savings Banks industry average (2 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full S&Ls Savings Banks industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 12.9x | - | - |
| EV / EBITDA | 2.5x | 6.0x | -3.5x |
| P/B | 1.0x | 0.7x | +0.2x |
| Return on Equity | 7.80 % | industry aggregate | -2.34 % |
| Return on Invested Capital | 4.28 % | - | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Peoples United Financial Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 14.15 % | -6.97 % | 2.17 % | 11.66 % | 10.16 % | 15.44 % | - | 4.02 % |
| Operating Margin | 28.30 % | - | - | 32.72 % | 36.65 % | - | - | - |
| Return on Invested Capital | 3.55 % | - | - | 3.50 % | 4.20 % | 3.95 % | - | 4.28 % |
| P/E | 17.3x | 12.8x | 20.4x | 19.5x | 12.2x | 12.6x | 24.0x | 12.9x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Peoples United Financial Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 1.47 % vs industry average 12.91 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Peoples United Financial Inc's dedicated Suppliers and Customers pages, not here.
Peoples United Financial Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Peoples United Financial Inc falls in the Low attractiveness / High strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Peoples United Financial Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-3.6% annualized vs trailing 12 months).
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-15.2% annualized).
Methodology: see Methodology: SWOT Analysis.
Peoples United Financial Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Peoples United Financial Inc | 0.14 | 0.53 | 0.27 |
| Jpmorgan Chase and Co | 0.15 | 0.42 | 1.41 |
| Bank Of America Corporation | 0.10 | 0.52 | 1.27 |
| Morgan Stanley | 0.37 | 1.12 | 3.24 |
| The Goldman Sachs Group Inc | 0.43 | 0.79 | 3.30 |
| Wells Fargo and Company | 0.11 | 0.80 | 1.16 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Peoples United Financial Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Peoples United Financial Inc | Q4 2021 | - | - |
| Jpmorgan Chase and Co | Q3 2026 | +10.2 % | +9.0 % |
| Bank Of America Corporation | Q3 2026 | +3.2 % | -16.8 % |
| Morgan Stanley | Q3 2026 | -46.0 % | +5.5 % |
| The Goldman Sachs Group Inc | Q3 2026 | -68.0 % | +29.2 % |
| Wells Fargo and Company | Q3 2026 | +5.4 % | +6.9 % |
| PEERS TOTAL | +5.2 % | +1.2 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Peoples United Financial Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Peoples United Financial Inc | Q4 2021 | - | -51.6 % |
| Jpmorgan Chase and Co | Q3 2026 | -12.8 % | - |
| Bank Of America Corporation | Q3 2026 | - | - |
| Morgan Stanley | Q3 2026 | - | +32.5 % |
| The Goldman Sachs Group Inc | Q3 2026 | +8.6 % | -5.9 % |
| Wells Fargo and Company | Q3 2026 | +31.5 % | - |
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Peoples United Financial Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Peoples United Financial Inc | 0.95% | 6.10% | 7.80% |
| Jpmorgan Chase and Co | 1.34% | 1.65% | 17.70% |
| Bank Of America Corporation | 0.93% | 1.18% | 10.69% |
| Morgan Stanley | 1.30% | 1.70% | 17.79% |
| The Goldman Sachs Group Inc | 1.08% | 1.63% | 17.90% |
| Wells Fargo and Company | 1.04% | 1.23% | 12.78% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Peoples United Financial Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Peoples United Financial Inc | 14.07 | 4.25 |
| Jpmorgan Chase and Co | 14.48 | 4.84 |
| Bank Of America Corporation | 12.06 | 2.97 |
| Morgan Stanley | 15.05 | 4.95 |
| The Goldman Sachs Group Inc | 13.31 | 6.59 |
| Wells Fargo and Company | 12.19 | 3.08 |
| PEERS AVERAGE | 13.14 | 2.69 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.