People's United Financial Inc. (PBCT) CEO Jack Barnes on Q1 2020 Results - Earnings Call Transcript

Apr. 24, 2020 1:00 AM ETM&T Bank Corporation (MTB) StockMTB1 Comment
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Q1: 2020-04-20 Earnings Summary

EPS of $2.06 misses by $0.46
 | Revenue of $1.51B (-2.88% Y/Y) beats by $38.84M

People's United Financial Inc. (PBCT) Q1 2020 Earnings Conference Call April 23, 2020 5:00 PM ET

Company Participants

Andrew Hersom - Senior Vice President, Investor Relations
Jack Barnes - Chairman and Chief Executive Officer
David Rosato - Chief Financial Officer
Kirk Walters - Corporate Development and Strategic Planning
Jeff Tengel - President
Jeff Hoyt - Chief Accounting Officer

Conference Call Participants

Mark Fitzgibbon - Piper Sandler
Steven Alexopoulos - JPMorgan
Jared Shaw - Wells Fargo
Dave Bishop - D.A. Davidson
Dave Rochester - Compass Point
Collyn Gilbert - KBW
Matthew Breese - Stephens, Inc.

Operator

Good day, ladies and gentlemen and welcome to the People’s United Financial, Inc. First Quarter 2020 Earnings Conference Call. My name is Joelle and I will be your coordinator for today. At this time, all participant lines are in a listen-only mode. Following the prepared remarks, there will be a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. I would now like to turn the presentation over to Mr. Andrew Hersom, Senior Vice President of Investor Relations for People’s United Financial, Inc. Please proceed, sir.

Andrew Hersom

Good afternoon and thank you for joining us today. On the call to review our first quarter 2020 results are Jack Barnes, Chairman and Chief Executive Officer; David Rosato, Chief Financial Officer; Kirk Walters, Corporate Development and Strategic Planning; Jeff Tengel, President; and Jeff Hoyt, Chief Accounting Officer. Please remember to refer to our forward-looking statements on Slide 1 of this presentation, which is posted on our Investor Relations website at peoples.com/investors.

With that, I will turn the call over to Jack.

Jack Barnes

Thank you, Andrew and Davis. Good afternoon. We appreciate everyone joining us today and hope that you and your loved ones are remaining safe and healthy. These are uncertain times for

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