People's United Financial, Inc. operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The Commercial Banking segment offers commercial deposit products, commercial real estate lending, middle market and business banking, equipment financing, mortgage warehouse and asset-based lending, treasury management services, and capital market capabilities. The Retail Banking segment offers consumer lending, including residential mortgage and home equity lending; and consumer deposit gathering services. This segment also provides brokerage, financial and investment advisory, investment management, life insurance, financial management and planning, and non-institutional trust services. In addition, the company offers cash management, municipal banking, online banking, investment trading, and telephone banking services. It operates through a network of 417 branches in Connecticut, southeastern New York, Massachusetts, Vermont, Maine, and New Hampshire, as well as 631 ATMs. The company was founded in 1842 and is headquartered in Bridgeport, Connecticut.
IPO Year:
Exchange: NASDAQ
Website: peoples.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/4/2022 | $18.00 → $17.00 | Equal-Weight | Wells Fargo |
| 12/6/2021 | $21.00 → $22.75 | Equal-Weight | Morgan Stanley |
| 10/7/2021 | $17.14 → $18.00 | Equal-Weight | Wells Fargo |
| 8/2/2021 | $21.00 → $20.50 | Equal-Weight | Morgan Stanley |
Orrino Brings Extensive Experience in Real Estate Capital Markets and Securitized Products to New Role within M&T Investment Banking NEW YORK, Aug. 1, 2022 /PRNewswire/ -- M&T Bank (NYSE:MTB) ("M&T") announced that Matthew T. Orrino has been named a Managing Director and head of Institutional Commercial Real Estate (CRE) Capital Markets at M&T Investment Banking. Hired by the Corporate & Investment Bank ("CIB"), Orrino will be focused on expanding M&T Bank's Institutional CRE Capital Markets solutions for its new and existing customer base and will be located in New York City.
NEW YORK, March 29, 2022 /PRNewswire/ -- S&P MidCap 400 constituent Camden Property Trust (NYSE:CPT) will replace People's United Financial Inc. (NASD: PBCT) in the S&P 500, S&P SmallCap 600 constituent Matador Resources Co. (NYSE:MTDR) will replace Camden Property Trust in the S&P MidCap 400 and Vir Biotechnology, Inc. (NASD: VIR) will replace Matador Resources in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 4. S&P 500 constituent M&T Bank Corp. (NYSE:MTB) is acquiring People's United Financial in a deal expected to be completed on or about April 4. Following is a summary of the changes that will take place prior to the open of trading on the effective d
BUFFALO, N.Y. and BRIDGEPORT, Conn., March 7, 2022 /PRNewswire/ -- M&T Bank Corporation (NYSE:MTB) ("M&T") and People's United Financial, Inc. (NASDAQ:PBCT) ("People's United") jointly announced today the closing of the previously announced merger between the two companies is expected to occur on or about April 1, 2022, subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement. Customers will continue to be served through their respective M&T and People's United branches, websites, mobile apps, financial advisors, and relationship managers until systems conversion is complete, which is expected to occur in the third quarter of 2022.
BRIDGEPORT, Conn., March 4, 2022 /PRNewswire/ -- People's United Financial, Inc. (NASDAQ:PBCT) ("People's United") announced today receipt of regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced acquisition of People's United by M&T Bank Corporation (NYSE: MTB) ("M&T"). The transaction has also received approval from both the New York State Department of Financial Services and the Connecticut Department of Banking. No further regulatory approvals are required. The merger is expected to be completed in accordance wi
BUFFALO, N.Y., March 4, 2022 /PRNewswire/ -- M&T Bank Corporation (NYSE:MTB) ("M&T") announced today receipt of regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced acquisition of People's United Financial, Inc. (NASDAQ: PBCT) ("People's United"). The transaction has also received approval from both the New York State Department of Financial Services and the Connecticut Department of Banking. No further regulatory approvals are required. The merger is expected to be completed in accordance with the law and the agreement. The merger was unanimously approved by the board of directors of each company. Shareholders at both M&T and Pe
BUFFALO, N.Y. and BRIDGEPORT, Conn., Feb. 18, 2022 /PRNewswire/ -- M&T Bank Corporation (NYSE:MTB) ("M&T") and People's United Financial, Inc. (NASDAQ:PBCT) ("People's United") jointly announced today that the two companies have agreed to extend their merger agreement from February 21, 2022 to June 1, 2022. The merger received approval from both the New York State Department of Financial Services and the Connecticut Department of Banking in October 2021. Approval by the Board of Governors of the Federal Reserve System is the outstanding regulatory approval required to complete the merger. M&T and People's United both remain committed to the merger and seeking such approval. Following the clo
BRIDGEPORT, Conn., Jan. 26, 2022 /PRNewswire/ -- People's United Bank, N.A. (NASDAQ:PBCT), announced that it served as Lead Arranger and Administrative agent for a credit facility for Atlantis Management Group, a Mt. Vernon, New York headquartered motor fuel distributor and owner and operator of a large network of gasoline service stations, quick serve restaurants and convenience store sites. The facility will be used to support the continued growth of the company, including the funding of new acquisitions. "We are thrilled to continue and expand our longstanding relationship
BRIDGEPORT, Conn., Jan. 20, 2022 /PRNewswire/ -- People's United Financial, Inc. (NASDAQ:PBCT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3515625 per share on the Company's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, subject to and conditioned upon the effective time of the merger between the Company and M&T Bank Corporation not occurring prior to the close of business on March 1, 2022. The dividend is payable on March 15, 2022, to shareholders of record at the close of business on March 1, 2022. People's United Fi
BRIDGEPORT, Conn., Jan. 20, 2022 /PRNewswire/ -- People's United Financial, Inc. (NASDAQ:PBCT) today reported results for the fourth quarter and full year of 2021. These results along with comparison periods are summarized below: ($ in millions, except per common share data) Three Months Ended Twelve Months Ended Dec. 31, 2021 Sep. 30, 2021 Dec. 31, 2020 Dec. 31, 2021 Dec. 31, 2020 Net income (loss) $ 149.9 $ 139.7 $ (145.3) $ 604.9 $ 219.6 Net income (loss) available 146.4 136.2 (148.8) 590.8 205.5 to common shareholders Per common share
BRIDGEPORT, Conn., Jan. 13, 2022 /PRNewswire/ -- People's United Financial, Inc. (NASDAQ:PBCT) announced today it will release its fourth quarter and full-year 2021 earnings results on Thursday, January 20, 2022, at approximately 4 p.m. EST. The press release and financial tables will be available on the company's investor relations website: www.peoples.com/about-us/investor-relations. About People's United BankPeople's United Bank, N.A. is a subsidiary of People's United Financial, Inc., a diversified, community-focused financial services company headquartered in the Northeas