People's United Financial, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2018
For the year, the company reported total interest income and dividend income of $1,556.3 million against $1,302.4 million a year ago. Net interest income was $1,236.0 million against $1,100.5 million a year ago. Net income was $468.1 million against $337.2 million a year ago. Basic earnings per share was $1.30 against $0.98 a year ago. Diluted earnings per share was $1.29 against $0.97 a year ago.
For the fourth quarter, the company reported total net loan charge-offs of $7.5 million against $6.5 million a year ago.