April 20, 2007
People's Bank profits stagnant
First quarter net income at Bridgeport-based People’s Bank dropped slightly to $33.6 million, down from the $34.8 million it reported in the first quarter last year. Per share earnings of 24 cents were the same as a year ago. People’s Bank is the primary subsidiary of People's United Financial Inc. Directors of the firm have approved a 13 cents per share quarterly dividend.
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