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People's United reports higher net income YOY

Bridgeport, Conn.-based People's United Financial Inc. reported fourth-quarter 2018 net income available to common stockholders of $129.4 million, or 35 cents per share, up from $102.7 million, or 30 cents per share, in the year-ago period.

The S&P Global Market Intelligence consensus GAAP EPS estimate for the quarter was 26 cents.

Total loans at the end of the quarter stood at $35.24 billion, compared to $32.20 billion in the linked quarter and $32.58 billion in the fourth quarter of 2017.

Total deposits were at $36.16 billion, compared to $33.21 billion in the linked quarter and $33.06 billion a year earlier.

For full year 2018, the net income available to common shareholders of People's United stood at $454.0 million, or $1.29 per common share.

The S&P Global Market Intelligence consensus GAAP EPS estimate for the year was $1.19.