WASHINGTON (dpa-AFX) - People's United Financial Inc. (PBCT) reported second-quarter net income of $62.1 million, or $0.20 per share, compared to $64.6 million, or $0.19 per share, in the comparable quarter last year.
Operating earnings for the latest second quarter were $62.4 million, down from $67.0 million in the year-ago period. Operating earnings per share for the quarter were $0.20, same as last year.
Net interest income decreased to $220.9 million from $235.6 million last year, while non-interest income was $86.1 million compared to $75.7 million last year.
On average, 15 analysts polled by Thomson Reuters expected the company to report profit of $0.19 per share for the quarter. Analysts' estimates typically exclude special items.
Further, the Company's Board of Directors declared a $0.1625 per share quarterly dividend, payable August 15, 2013 to shareholders of record on August 1, 2013.
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