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PBCT People`s United Financial

People's United Bank, N.A. is a subsidiary of People's United Financial, Inc., a diversified, community-focused financial services company headquartered in the Northeast with more than $60 billion in assets. Founded in 1842, People's United Bank offers commercial and retail banking through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine, as well as wealth management and insurance solutions. The company also provides specialized commercial services to customers nationwide.

Company profile

Ticker
PBCT, PBCTP
Exchange
Website
CEO
John Barnes
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Member of the Affiliated Group • Reinsurance Co. Ltd. • People’s United Equipment Finance Corp. • LEAF Commercial Capital, Inc. • People’s Capital and Leasing Corp. • People’s Securities, Inc. • Services Holdings, Inc. • People’s Mortgage Investment Company • Investment Company • People’s United Advisors, Inc. ...

PBCT stock data

(
)

Investment data

Data from SEC filings
Top 50 of 718 long holdings
End of quarter 30 Jun 21
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$176.87M 1.29M 1.29M -0.3
$157.48M 367.88K 390.5K -5.8
$135.96M 501.88K 520.99K -3.7
$120.25M 895K 957.65K -6.5
$94.18M 877.91K 867.52K +1.2
$89.19M 846.7K 804.49K +5.2
$72.1M 20.96K 19.92K +5.2
$70.07M 888.31K 909.29K -2.3
$68.56M 942.67K 1M -6.0
$65.52M 283.63K 289.34K -2.0
$65.19M 204.42K 204.25K +0.1
$64.61M 281.7K 270.37K +4.2
$64.55M 415K 415.79K -0.2
$63.35M 365.25K 372.04K -1.8
$58.85M 1.07M 1.1M -3.3
$53.42M 620.01K 599.62K +3.4
$53.15M 21.77K 21.66K +0.5
$50.83M 758.83K 723.61K +4.9
$47.55M 1.41M NEW
$44.38M 269.42K 268.43K +0.4
$43.62M 101.47K 104.74K -3.1
$42.19M 83.64K 85.58K -2.3
$41.57M 16.59K 17.17K -3.4
$40.35M 172.59K 168.71K +2.3
$37.37M 139.04K 142.38K -2.3
$37.28M 107.22K 101.21K +5.9
$36.94M 544.76K 535.04K +1.8
$34.58M 942.26K 920.72K +2.3
$34.33M 156.5K 160.27K -2.4
$33.7M 84.16K 83.38K +0.9
$33.55M 309.94K 352.01K -12.0
$32.32M 783.8K 757.67K +3.4
$30.37M 482.33K 586.93K -17.8
$30.1M 298.07K 304K -2.0
$30.08M 76.02K 77.54K -2.0
$29.79M 111.01K 120.08K -7.6
$29.45M 101.02K 99.53K +1.5
$28.38M 192.23K 169.19K +13.6
$28.06M 35.07K 24.96K +40.5
$27.49M 142.97K 143.29K -0.2
$27.17M 527.69K 573.36K -8.0
$26.74M 45.66K 46.08K -0.9
$26.66M 98.2K 99.23K -1.0
$26.57M 362.56K 368.27K -1.6
$26.56M 230.33K 224.38K +2.7
$26.16M 169.31K 179.91K -5.9
Vanguard Intl Equity Index F
$25.57M 470.74K 468.32K +0.5
$25.44M 491.52K 502.28K -2.1
$25.31M 341.29K 350.55K -2.6
$24.62M 88.58K 89.11K -0.6
Holdings list only includes long positions. Only includes long positions.

Calendar

6 Aug 21
24 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Oct 21 Baron Collin P Common Stock Gift Acquire G Yes No 0 100,000 0 100,000
12 Oct 21 Baron Collin P Common Stock Gift Dispose G No No 0 100,000 0 162,576
1 Sep 21 Barry Richard M Common Stock Payment of exercise Dispose F No No 16.35 13,902 227.3K 85,424
21 May 21 Lee C Powlus Common Stock Sell Dispose S No No 19.0473 7,253 138.15K 155,600
21 May 21 Lee C Powlus Common Stock Option exercise Acquire M No No 13.55 7,253 98.28K 162,853
21 May 21 Lee C Powlus Employee Option to Buy Common Stock Option exercise Dispose M No No 13.55 7,253 98.28K 0
18 May 21 Baron Collin P Common Stock Grant Acquire A No No 0 4,918 0 262,576
18 May 21 John K Dwight Common Stock Grant Acquire A No No 0 4,918 0 274,409

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

70.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 467 479 -2.5%
Opened positions 49 75 -34.7%
Closed positions 61 95 -35.8%
Increased positions 166 144 +15.3%
Reduced positions 159 175 -9.1%
13F shares
Current Prev Q Change
Total value 5.18B 5.4B -4.1%
Total shares 302.16M 301.71M +0.2%
Total puts 135.2K 353.5K -61.8%
Total calls 628.8K 1.09M -42.1%
Total put/call ratio 0.2 0.3 -34.0%
Largest owners
Shares Value Change
STT State Street 47.81M $819.41M -16.0%
Vanguard 46.85M $802.99M +2.2%
BLK Blackrock 35.09M $601.45M +1.2%
IVZ Invesco 13.47M $230.86M +11.4%
WFC Wells Fargo & Co. 12.13M $207.84M -9.1%
Dimensional Fund Advisors 10.58M $181.31M -2.4%
Geode Capital Management 8.11M $138.78M -1.0%
ProShare Advisors 7.45M $127.67M -8.2%
BK Bank Of New York Mellon 6.6M $113.15M -51.5%
Magnetar Financial 6.23M $106.76M -11.8%
Largest transactions
Shares Bought/sold Change
STT State Street 47.81M -9.12M -16.0%
BK Bank Of New York Mellon 6.6M -7.01M -51.5%
Ubs Oconnor 4.93M +4.89M +10802.3%
JPM JPMorgan Chase & Co. 4.78M +2.43M +103.5%
Capitolis Advisors 2.23M +2.22M +57076.8%
Natixis 2.29M +2.2M +2333.5%
BAC Bank Of America 1.1M -1.62M -59.7%
CNH Partners 2.23M +1.59M +249.1%
IVZ Invesco 13.47M +1.38M +11.4%
BNS Bank Of Nova Scotia 1.46M +1.38M +1664.9%

Financial report summary

?
Risks
  • Changes in Interest Rates Could Adversely Affect Our Results of Operations and Financial Condition
  • The Planned Phase-Out of LIBOR as a Reference Rate Could Adversely Affect our Results of Operations and Financial Condition
  • The Geographic Concentration of Our Loan Portfolio Could Make Us Vulnerable to a Downturn in the Economies in Which We Operate
  • If People’s United’s Allowance for Credit Losses Is Not Sufficient to Cover Actual Loan Losses, Our Earnings Would Decrease
  • Changes in Our Asset Quality Could Adversely Affect Our Results of Operations and Financial Condition
  • Availability of First Lien Data With Respect to Our Home Equity Loans and Lines of Credit Could Delay Our Response to Any Deterioration in the Borrower’s Credit
  • Our Business Is Affected by the International, National, Regional and Local Economies in Which We Operate
  • The Success of Our Stop & Shop Branches Depends on the Success of the Stop & Shop Brand
  • Our Goodwill May be Determined to be Impaired at a Future Date Depending on the Results of Periodic Impairment Evaluations
  • We Depend on Our Executive Officers and Key Personnel to Continue Implementing Our Long-Term Business Strategy and Could Be Harmed by the Loss of Their Services
  • A Failure In or Breach Of Our Operational or Security Systems or Infrastructure, or Those of Our Third-Party Vendors and Other Service Providers, Including as a Result of Cyber-Attacks, Could Disrupt Our Business, Result in the Disclosure or Misuse of Confidential or Proprietary Information, Damage Our Reputation, Increase Our Costs and Cause Losses
  • In Response to Competitive Pressures, Our Costs Could Increase if We Were Required to Increase Our Service and Convenience Levels or Our Margins Could Decrease if We Were Required to Increase Deposit Rates or Lower Interest Rates on Loans
  • Changes in Federal and State Regulation Could Adversely Affect Our Results of Operations and Financial Condition
  • Our Ability to Declare and Pay Dividends May Be Subject to Additional Regulatory Restrictions and We May Not Pay Dividends on Our Common Stock in the Future
  • Failure to Complete the Merger With M&T Could Negatively Affect Our Stock Price and Our Future Business and Financial Results
  • Shareholder Litigation Could Prevent or Delay the Closing of Our Pending Merger With M&T or Otherwise Negatively Affect our Business and Operations
  • Because the Market Price of M&T’s Common Stock May Fluctuate, Our Stockholders Cannot be Certain of the Precise Value of the Merger Consideration They May Receive In Our Proposed Merger With M&T
  • Risks Relating to the Impact of COVID-19
Management Discussion
  • FTE net interest income decreased $24.3 million compared to the second quarter of 2020, reflecting a $50.9 million decrease in total interest and dividend income, partially offset by a $26.6 million decrease in total interest expense, and the net interest margin decreased 35 basis points to 2.70%.
  • Average total earning assets were $57.6 billion in the second quarter of 2021, a $3.4 billion increase from the second quarter of 2020, reflecting increases of $4.7 billion in average short-term investments and $2.2 billion in average securities, partially offset by a $3.5 billion decrease in average total loans. The average total commercial loan, average residential mortgage loan and average home equity portfolios decreased $1.0 billion, $2.0 billion and $438 million, respectively, compared to the year-ago period.
  • Average total loans, average securities and average short-term investments comprised 72%, 18% and 10%, respectively, of average total earning assets in the second quarter of 2021, compared to 83%, 15% and 2%, respectively in the second quarter of 2020. In the current quarter, the yield earned on the total loan portfolio was 3.41% and the yield earned on securities and short-term investments was 1.48%, compared to 3.63% and 2.44%, respectively, in the year-ago period. At June 30, 2021, approximately 48% of the Company’s loan portfolio was comprised of Prime Rate and LIBOR-based floating rate loans, compared to approximately 46% at December 31, 2020.
Content analysis
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