BRIDGEPORT, Conn. (AP) _ People's United Financial Inc. (PBCT) on Thursday reported fourth-quarter profit of $207.7 million.

The Bridgeport, Connecticut-based company said it had net income of 49 cents per share. Earnings, adjusted for one-time gains and costs, were 35 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.

The holding company for People's United Bank posted revenue of $599.7 million in the period. Its adjusted revenue was $561 million, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $488.9 million.

For the year, the company reported profit of $572.6 million, or $1.32 per share. Revenue was reported as $2.07 billion.

People's United shares have increased slightly more than 9% since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 3%. In the final minutes of trading on Thursday, shares hit $14.15, a drop of 12% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBCT at https://www.zacks.com/ap/PBCT

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