People's United Financial, Inc. (PBCT) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 8,0091,118932883614
Cash and cash equivalents 4,243801932883614
Short-term investments 3,766317   
Assets held-in-trust 5751564140
Total current assets: 8,0661,169988924654
Noncurrent Assets
Finance lease, right-of-use asset 23
Operating lease, right-of-use asset 235277
Property, plant and equipment 277306267253245
Long-term investments and receivables 1516172121
Long-term investments 1516172121
Intangible assets, net (including goodwill) 2,8463,2752,8662,5602,142
Goodwill 2,6813,0662,6862,4111,993
Intangible assets, net (excluding goodwill) 165209180149149
Deferred income tax assets 4634
Amortization method qualified affordable housing project investments 461384304251195
Total noncurrent assets: 3,8814,2933,4543,0852,603
Other undisclosed assets 51,14553,12843,43540,44537,353
TOTAL ASSETS: 63,09258,59047,87744,45340,610
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 2,2101,5541,0451,7681,497
Total current liabilities: 2,2101,5541,0451,7681,497
Noncurrent Liabilities
Liabilities, other than long-term debt 18214112010093
Qualified affordable housing project investments, commitment 18214112010093
Total noncurrent liabilities: 18214112010093
Other undisclosed liabilities 53,09748,94840,17936,76633,878
Total liabilities: 55,48950,64341,34338,63435,468
Stockholders' equity
Stockholders' equity attributable to parent 7,6037,9476,5345,8205,142
Preferred stock 244244244244244
Common stock 55544
Treasury stock, value (1,469)(1,165)(1,162)(1,162)(1,162)
Additional paid in capital 7,6647,6396,5496,0125,446
Accumulated other comprehensive loss (89)(167)(257)(182)(195)
Retained earnings 1,3641,5131,2851,040949
Unearned esop shares (116)(123)(130)(137)(145)
Total stockholders' equity: 7,6037,9476,5345,8205,142
TOTAL LIABILITIES AND EQUITY: 63,09258,59047,87744,45340,610

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 1,6981,7461,4061,3801,219
Net investment income 1,6151,6951,3711,148986
Financial services revenue188192
Cost of revenue (156)(28)(30)(26)(37)
Provision for loan, lease, and other losses (156)(28)(30)
Financial services costs(26)(37)
Gross profit: 1,5431,7181,3761,3541,182
Operating expenses (626)(284)(246)(755)(674)
Other operating income, net
(Noninterest Income, Other Operating Income)
 7886515953
Operating income: 9951,5201,181658562
Interest and debt expense (239)(469)(320)(202)(155)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (285)113
Income from continuing operations before equity method investments, income taxes: 7561,051576467410
Other undisclosed loss from continuing operations before income taxes (408)(398)   
Income from continuing operations before income taxes: 349652576467410
Income tax expense (129)(132)(108)(130)(129)
Net income attributable to parent: 220520468337281
Preferred stock dividends and other adjustments (14)(14)(14)(14)(2)
Net income available to common stockholders, diluted: 206506454323279

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income: 220520468337281
Other comprehensive income (loss) 7890(38)13(18)
Comprehensive income, net of tax, attributable to parent: 297610430351263

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: