Profits at People's United Grow 14% in First Quarter
People's United Financial (NASDAQ: PBCT), the holding company of People's United Bank, saw its stock briefly surge this morning after it reported first-quarter profits that grew nearly 14% on an annualized basis.
The bank reported more than $130 million in net income in the first quarter on total revenue of $520 million, up 22% from the same period the year before, driven by both recent acquisitions and organic growth.
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Source Fool.com