Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

The following table presents People’s United’s quarterly financial data for 2019 and 2018:


	2019 (1)																					2018 (1)
(dollars in millions, except per common share data)	First			Second			Third			Fourth			First			Second			Third			Fourth
Interest and dividend income	$	440.5		$	472.8		$	470.9		$	496.9		$	359.1		$	375.4		$	390.0		$	431.8
Interest expense	107.7			124.7			122.2			114.2			63.3			74.2			83.6			99.2
Net interest income	332.8			348.1			348.7			382.7			295.8			301.2			306.4			332.6
Provision for loan losses	5.6			7.6			7.8			7.3			5.4			6.5			8.2			9.9
Net interest income after provision for loan losses	327.2			340.5			340.9			375.4			290.4			294.7			298.2			322.7
Non-interest income	94.6			106.3			106.0			124.2			90.4			94.9			92.3			88.7
Non-interest expense	277.2			278.4			281.4			325.7			243.5			248.6			241.3			262.7
Income before income tax expense	144.6			168.4			165.5			173.9			137.3			141.0			149.2			148.7
Income tax expense	30.0			35.2			30.4			36.4			29.4			30.8			32.2			15.8
Net income	114.6			133.2			135.1			137.5			107.9			110.2			117.0			132.9
Preferred stock dividend	3.5			3.5			3.5			3.5			3.5			3.5			3.5			3.5
Net income available to common shareholders	$	111.1		$	129.7		$	131.6		$	134.0		$	104.4		$	106.7		$	113.5		$	129.4
Common Share Data:
EPS:
Basic	$	0.30		$	0.33		$	0.34		$	0.31		$	0.31		$	0.31		$	0.33		$	0.35
Diluted	0.30			0.33			0.33			0.31			0.30			0.31			0.33			0.35
Common dividends paid	65.2			69.8			69.9			69.9			58.8			59.9			60.0			65.1
Dividends paid per common share	0.1750			0.1775			0.1775			0.1775			0.1725			0.1750			0.1750			0.1750
Common dividend payout ratio	58.6		%	53.8		%	53.1		%	52.2		%	56.3		%	56.2		%	52.9		%	50.3		%
Stock price:
High	$	18.03		$	17.66		$	17.10		$	17.22		$	20.26		$	19.37		$	19.00		$	17.46
Low	14.25			15.24			13.81			14.73			18.18			18.00			16.95			13.66
Weighted average common shares outstanding (in millions):
Basic	370.72			391.27			391.66			421.85			339.76			340.64			341.43			370.22
Diluted	374.09			394.57			394.45			424.98			344.00			344.47			345.04			372.83

(1)The sum of the quarterly amounts for certain line items may not equal the full-year amounts due to rounding.