People's United Financial, Inc. Provides Earnings Guidance for the Year 2020
January 16, 2020 at 05:00 pm EST
People's United Financial, Inc. provided earnings guidance for the year 2020. For the year 2020, the company expects noninterest income, on the operating basis, to grow in the range of 2% to 4% from $424 million in 2019. Operating noninterest expense for the year are anticipated to be in the range of $1.19 billion to $1.22 billion as compared to the $1.097 billion in 2019. this range includes a full year of results from Belmont and United. The company anticipates effective tax rate for the year to be in the range of 20% to 22%.