People's United Financial Inc. (PBCT) CEO Jack Barnes on Q2 2020 Results - Earnings Call Transcript

Jul. 23, 2020 10:40 PM ETM&T Bank Corporation (MTB) StockMTB
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Q2: 2020-07-23 Earnings Summary

EPS of $1.70 misses by $0.16
 | Revenue of $1.44B (-7.03% Y/Y) misses by $5.98M

People's United Financial Inc. (PBCT) Q2 2020 Earnings Conference Call July 23, 2020 5:00 PM ET

Company Participants

Andrew Hersom - Senior Vice President of Investor Relations
Jack Barnes - Chairman and Chief Executive Officer
David Rosato - Chief Financial Officer
Jeff Tengel - President

Conference Call Participants

Ken Zerbe - Morgan Stanley
Dave Rochester - Compass Point
Jared Shaw - Wells Fargo
Alex Wall - JP Morgan
Steven Duong - RBC Capital Markets
William Wallace - Raymond James
Collyn Gilbert - KBW
Matthew Breese - Stephens Inc

Operator

Good day, ladies and gentlemen and welcome to the People’s United Financial, Inc., Second Quarter 2020 Earnings Conference Call. My name is Andrew and I will be your coordinator for today. At this time, all participants 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 second 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. Good afternoon. We appreciate everyone joining us today and hope that you and your loved ones are remaining safe and healthy. Before discussing results, I want to take a moment to thank our employees, customers and communities

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