BRIDGEPORT, Conn. (AP) _ People's United Financial Inc. (PBCT) on Thursday reported fourth-quarter profit of $149.9 million.
The Bridgeport, Connecticut-based company said it had profit of 34 cents per share. Earnings, adjusted for one-time gains and costs, came to 36 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The holding company for People's United Bank posted revenue of $483.8 million in the period. Its adjusted revenue was $461.6 million.
For the year, the company reported profit of $604.9 million, or $1.39 per share. Revenue was reported as $1.89 billion.
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