www.HartfordBusiness.com • September 3, 2018 • Hartford Business Journal 19
Corporate
Profile
People's United Financial
850 Main St., Bridgeport, CT
www.peoples.com
People's United
Financial Inc. is the
holding company
for People's United
Bank, which pro-
vides commercial
and retail banking
and wealth financial
services.
2015 2016 2017
$0
$300
$600
$900
$1,200
$1,500
In
millions
of
dollars
Profits Revenues
$260.1M
$281M
$337.2M
$1.25B
$1.28B
$1.43B
News Headlines
■ ■ In July, People's United Financial
Inc. posted record second-quarter
net income of $110.2 million, with
acquisitions and expense control
contributing to its bottom line.
■ ■ In June, People's United announced
it was acquiring community lender First
Connecticut Bancorp Inc., the holding
company parent of Farmington Bank, for
approximately $544 million.
■ ■ Also in June, it was announced
People's United CEO John "Jack"
Barnes added the chairman's title to his
leadership mantle.
Corporate suite
Stock Non-equity
Exec. Salary Bonus Awards Incentive Total
John P. Barnes
President/CEO $1,052,422 $0 $1,830,395 $1,267,207 $5,124,582
Lee Powlus
Sr. EVP/CAO $469,667 $0 $395,846 $434,283 $1,697,345
Jeffrey J. Tengel
Sr. EVP Commercial Banking $481,346 $0 $441,174 $444,346 $1,597,436
Profits and Revenues
Fact box
Industry: Savings and Loan
2Q 2018 Interest/Dividend Revenue: $375.4M
2Q 2018 Net Income: $110.2M
2Q 2017 Net Income: $69.3M
Quarterly Profit Change: $40.9M
Cash: $715.8M
Employees: 5,188
Competitors: TD Bank NA
Citizens Financial Group
Webster Financial Corp.
Stock watch
Ticker Symbol PBCT
Market Cap $6.4B
52 Week Range Price $15.97–$20.26
Outstanding Shares 341.59M
Top institutional investors
Shares % Stake
State Street Corp. 39,564,252 11.4
Vanguard Group Inc. 35,795,401 10.3
Blackrock Inc. 27,027,645 7.78
John P. Barnes, CEO
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