People's United reports 1Q21 net income of $144.5 million, 33 cents per share
Announces Common Dividend Increase for 28th Consecutive Year Announced merger with M&T Bank Corporation, which is expected to close in the fourth quarter of 2021. Sustained excellent asset quality as evidenced by net loan charge-offs to average total loans of 12 basis points, and provision for credit losses resulting in a net benefit of $13.6 million. Maintained strong deposit inflows as period-end balances increased $1.3 billion or three percent linked-quarter. Reached agreement with Stop & Shop on the timing of the exit from all New York in-store branch and ATM locations, which will begin i...
Source: vermontbiz.com