Bridgeport, CT-based thrift People's United Financial, Inc. (NASDAQ:PBCT) announced Q3 2013 earnings on Thursday after the market close. It reported EPS of $0.19 per share for the quarter, versus $0.20 in the prior quarter. The chart below lays out quarterly EPS and DPS for PBCT since Q1 2008 (data is provided by SNL Financial LC):
PBCT appears to be showing EPS benefits from the $489 million Danvers Bancorp acquisition, which closed on June 30, 2011. That dip in EPS in 2009 and 2010 was primarily driven by a declining net interest margin, which has since recovered. PBCT chose not to reduce its dividend during this EPS dip (not surprising, given its excess capital, which I'll address in detail...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|