People's United Financial, Inc. (PBCT) financial statements (2020 and earlier)

Company profile

Business Address C/O PEOPLE'S BANK
BRIDGEPORT, CT 06604
State of Incorp. DE
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1189328836147151,682598
Cash and cash equivalents8019328836147151,014474
Short-term investments317    669124
Assets held-in-trust515641403737
Disposal group, including discontinued operation     34 
Total current assets:1,1699889246547521,754598
Noncurrent Assets
Finance lease, right-of-use asset3
Operating lease, right-of-use asset277
Property, plant and equipment306267253245258278304
Long-term investments and receivables161721212221 
Long-term investments161721212221 
Intangible assets, net (including goodwill)3,2752,8662,5602,1422,0882,1032,127
Goodwill3,0662,6862,4111,9931,9591,9551,955
Intangible assets, net (excluding goodwill)209180149149129148173
Deferred income tax assets34
Amortization method qualified affordable housing project investments38430425119584
Total noncurrent assets:4,2933,4543,0852,6032,4512,4022,431
Other undisclosed assets53,12843,43540,44537,35335,67531,84230,184
TOTAL ASSETS:58,59047,87744,45340,61038,87735,99733,214
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,5541,0451,7681,4971,550686 
Total current liabilities:1,5541,0451,7681,4971,550686 
Noncurrent Liabilities
Liabilities, other than long-term debt1411201009375  
Qualified affordable housing project investments, commitment1411201009375
Total noncurrent liabilities:1411201009375  
Other undisclosed liabilities48,94840,17936,76633,87832,52130,67828,645
Total liabilities:50,64341,34338,63435,46834,14631,36428,645
Stockholders' equity
Stockholders' equity attributable to parent7,9476,5345,8205,1424,7324,6334,568
Preferred stock244244244244   
Common stock5544444
Treasury stock, value(1,165)(1,162)(1,162)(1,162)(1,162)(1,162)(1,170)
Additional paid in capital7,6396,5496,0125,4465,3385,2915,277
Accumulated other comprehensive loss(167)(257)(182)(195)(177)(168)(155)
Retained earnings1,5131,2851,040949881827779
Unearned esop shares(123)(130)(137)(145)(152)(159)(166)
Total stockholders' equity:7,9476,5345,8205,1424,7324,6334,568
TOTAL LIABILITIES AND EQUITY:58,59047,87744,45340,61038,87735,99733,214

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,7461,4061,3801,2191,2101,24235
Revenue, net4441424235
Net investment income1,6951,3711,148986946933 
Financial services revenue188192221268 
Cost of revenue(28)(30)(26)(37)(33)(41)(44)
Provision for loan, lease, and other losses(28)(30)
Financial services costs(26)(37)(33)(41)(44)
Gross profit:1,7181,3761,3541,1821,1761,202(9)
Operating expenses(284)(246)(755)(674)(667)(741)(551)
Other operating income, net86515953394856
Noninterest income, other operating income86515953393769
Other nonrecurring (income) expense     11(13)
Operating income (loss):1,5201,181658562548508(504)
Nonoperating income
(Investment Income, Nonoperating)
     25710
Interest and debt expense(469)(320)(202)(155)(137)(119)(116)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (285)113(21)(266)949
Income from continuing operations before equity method investments, income taxes:1,051576467410391381339
Other undisclosed loss from continuing operations before income taxes(398)      
Income from continuing operations before income taxes:652576467410391381339
Income tax expense(132)(108)(130)(129)(130)(129)(107)
Net income attributable to parent:520468337281260252232
Preferred stock dividends and other adjustments(14)(14)(14)(2)   
Other undisclosed net loss available to common stockholders, basic    (1)(1)(1)
Net income available to common stockholders, diluted:506454323279259251231

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:520468337281260252232
Other comprehensive income (loss)90(38)13(18)(9)(13)(58)
Comprehensive income, net of tax, attributable to parent:610430351263251239174

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: