January 19, 2018

People's United's 4Q net a record

Flickr | Mike Mozart
Flickr | Mike Mozart

Bridgeport lender People's United Financial Inc. posted record fourth-quarter profits from loans, fees and belt-tightening en route to higher earnings for all of 2017.

For three months ended Dec. 31, the parent of People's United Bank said it netted $106.2 million, or 30 cents a share, up from $75.9 million, or 24 cents a share, netted in the final quarter of 2016.

For 2017, People's netted $337.2 million, or 97 cents a share, vs. $281 million, or 92 cents a share, earned in 2016.

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