People's United Financial Company Overview and Financial News

People's United Financial is a bank holding company based in Bridgeport, Connecticut. It was founded in 1842.

The company offers a range of financial services, including banking, lending, and investment products.

People's United Financial operates over 400 branches across the Northeast and Mid-Atlantic regions.

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People's United Financial has a long history dating back to 1842, making it one of the oldest banks in the United States.

The bank's roots go back to the formation of the Merchants National Bank of Meriden, which later merged with the Bank of Meriden in 1904.

In 2007, People's United Financial acquired the Bank of New England, expanding its presence in the region.

The bank's merger with People's United Financial in 2007 created a stronger regional bank with a larger customer base and more extensive branch network.

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People's United Financial is a well-established bank with a rich history dating back to 1842. It was founded in Wethersfield, Connecticut, and has since grown to become one of the largest banks in the Northeast.

The bank offers a range of financial services, including personal and commercial banking, investment management, and wealth management. People's United Financial has over 400 branches across the Northeast and Mid-Atlantic regions.

Their commercial banking services include cash management, loan solutions, and treasury management. The bank's expertise in these areas has helped numerous businesses grow and thrive.

People's United Financial has a strong commitment to community development, with a focus on supporting local businesses and non-profits. They have invested over $100 million in community development initiatives since 2010.

Their customer service is also worth noting, with a dedicated team of professionals available to assist with any banking needs.

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The management team at People's United Financial, Inc. is paid through a comprehensive system outlined in their Definitive Proxy Statement.

Let's take a closer look at how they're compensated. The proxy statement includes a section on Salaries, Bonuses, Perks, which provides detailed information on the executives' pay.

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To get a better understanding, we can break down the compensation structure into its key components. Here are some of the key pay elements for the executive team:

The company's management team is also evaluated against its peers and competitors, which is mentioned in the proxy statement's Peer / Competitors section.

It's worth noting that the voting procedures and board members are also outlined in the proxy statement, but these are not directly related to the management team's compensation.

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People's United Financial has shown impressive returns over the years. The company's performance is reflected in its financial stability reports, which analyze up to 10 years of financial ratios.

The Current Ratio, a key indicator of a company's liquidity, is not explicitly mentioned in the article section facts. However, the Debt-to-Equity ratio is mentioned, indicating that People's United Financial has managed its debt levels effectively.

Here's a comparison of People's United Financial's (PBCT) performance with the S&P index over different time periods:

These numbers indicate that People's United Financial has outperformed the S&P index in several time periods, suggesting a strong track record of growth and stability.

Pbct Quarterly Reports show a pattern of regular filings, with reports available for every quarter since November 2018.

The company has consistently filed 10-Q reports in November, August, and May of each year.

Looking at the reports from 2021, we can see that Pbct filed its quarterly reports in November, August, and May of that year.

The reports from 2020 and 2019 also show a consistent pattern of quarterly filings.

The most recent report available is from November 2021.

Let's take a closer look at how Peoples United Financial stacks up against the S&P.

In the past year, Peoples United Financial's return of +11.75% outpaced the S&P's return of +26.74%.

Over the past five years, Peoples United Financial's return of +36.73% is significantly lower than the S&P's return of +83.70%.

However, if we look at the five-year annualized return, Peoples United Financial's +6.46% is actually lower than the S&P's +12.92%.

Here's a breakdown of the returns for both companies over the past year and five years:

People's United Financial's stock price skyrocketed 12% at the open today, a significant increase for a bank that's usually considered pretty boring.

Investors had a good reason to send its shares soaring, as this event suggests they see potential for growth.

The 12% jump is a notable gain, especially for a bank that's not typically known for its exciting performance.

People's United Financial has a significant history of mergers and acquisitions, starting from its founding as Bridgeport Savings Bank. The bank has expanded its operations through strategic acquisitions.

One notable example is the bank's acquisition of several banks and financial institutions in New England, including those it founded as Bridgeport Savings Bank.

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People's United has made a decision to sell one of its units, specifically the commercial insurance unit, to AssuredPartners.

This unit is being sold to a new owner, marking a significant change for the company.

The sale is a result of a deliberate business decision, aimed at optimizing the bank's operations.

In this case, the commercial insurance unit is being transferred to a different entity.

People's United Bank has a long history of acquisitions, starting with its founding as Bridgeport Savings Bank in 1842.

The bank's first major acquisition was People's Bank of Vernon, CT, in 1983, which led to the company being renamed People's Bank.

In 1985, People's Bank began issuing credit cards, but by 2004, it sold its credit card division to the Royal Bank of Scotland for $360 million.

The bank continued to grow through acquisitions, becoming the second largest in New England.

People's United Bank changed its name to People's United Bank in 2007, marking a new era for the company.

In 2016 and 2017, the bank was selected to manage the core bank accounts for the Commonwealth of Massachusetts and the state of Vermont, respectively.

The bank's acquisition history culminated in 2021, when M&T Bank announced an agreement to acquire People's United Bank in an all-stock transaction valued at approximately $7.6 billion.

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