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Peoples United Financial, Inc.  (PBCT)
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    Sector  Financial    Industry S&Ls Savings Banks
 
 

EARNINGS REPORT by CSIMarket

Earnings Fell Despite Strong Revenues


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Peoples United Financial, Inc announced second quarter 2017 operating income of $102.1 millions



Peoples United Financial, Inc faced contraction in eps, despite strong Treasury segment results and overall Revenue growth in the second quarter 2017, income fell by -17.39 % to $0.19 per share, while Revenue increased in double digits by 13.95 % to $359 millions, from the same quarter a year ago.

From first quarter 2017, profits fell by -13.64 % from $0.22 per share and Revenues advanced by 9.27 % from $329 millions.
Peoples United Financial, Inc told that it's good performance came from several different businesses, Commercial Banking +10.57%, Treasury +350%, while following sections logged decrease in revenues Retail Banking -13.07%, Other 68.89%.
The earnings growth of 6.17% and 530%, in Commercial Banking and Treasury businesses respectively, pushed up Peoples United Financial, Inc's profits by 1.17 % in the second quarter 2017, to net income of $69 millions for the second quarter 2017, compare to income of $69 millions achieved a year before.
Other segment cut it's deficit to $-0.5 million.

Retail Banking segment was responsible for the bad news, slipping into red by $-3.9 millions, while a year ago, profits were $8.2 millions.
Peoples United Financial, Inc shifted it's focus on improving sales in the second quarter 2017, as a result net margin eased to 19.28%.
1Other segments have decreased the loss.1Retail Banking segment has slipped into deficit.
While following indicators decreased: Allowance for Credit Losses down -1.33 %, Efficiency Ratio down -2.16 %.
While following indicators decreased: Leverage Ratio 8.50 -0.5 %.
The S&Ls Savings Banks company, also outlined contraction in Interest rate spread -8.65 %, Net Interest Margin -8.31 %, Tier1 Capital Ratio -0.9 %, Total Capital Ratio -1.7 %.
While following 2 indicators decreased catastrofaly: Nonperforming Assets Ratio -18.75 %. Worst was: Nonperforming Assets Ratio.

Peoples United Financial, Inc is expected to report next financial results on October 18, 2017.
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