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People's United Financial Inc. Q2 adjusted earnings Inline With Estimates

People's United Financial Inc. (PBCT) revealed a profit for its second quarter that climbed from last year.

The company's bottom line came in at $106.7 million, or $0.31 per share. This compares with $65.8 million, or $0.19 per share, in last year's second quarter.

Excluding items, People's United Financial Inc. reported adjusted earnings of $109.0 million or $0.32 per share for the period.

Analysts had expected the company to earn $0.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

People's United Financial Inc. earnings at a glance:

-Earnings (Q2): $109.0 Mln. vs. $82.6 Mln. last year.
-EPS (Q2): $0.32 vs. $0.24 last year.
-Analysts Estimate: $0.32

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