Regional bank People’s United Financial Inc. (NASDAQ:PBCT) reported its first-quarter 2012 operating earnings per share of 18 cents, missing the Zacks Consensus Estimate by a penny. However, earnings compared favorably with the 17 cents per share reported in the prior quarter.
Lower revenue due to reduced net interest income and non-interest income were the negatives for the quarter. However, lower non-interest expenses reflecting better expense management and improved credit quality acted as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards