Peoples United Financial, Inc. (Exact name of registrant as - PDF document

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) October 23, 2020 (October 22, 2020) People’s United Financial, Inc. (Exact name of registrant as specified in its charter) Delaware 001-33326 20-8447891 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 850 Main Street, Bridgeport, CT 06604 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code (203) 338-7171 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Trading Name of each exchange Title of each class Symbol on which registered Common Stock, $0.01 par value per share PBCT NASDAQ Global Select Market Fixed-to-Floating Rate Non-Cumulative PBCTP NASDAQ Global Select Market Perpetual Preferred Stock, Series A, $0.01 par value per share Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition. On October 22, 2020, People’s United Financial, Inc. (the “Company”) issued a press release announcing its results of operations for the three- and nine-month periods ended September 30, 2020. A copy of that press release is being furnished herewith as Exhibit 99.1. The information contained in and accompanying this Form 8-K with respect to Item 2.02 (including Exhibit 99.1 hereto) is being furnished to, and not filed with, the Securities and Exchange Commission in accordance with General Instruction B.2 to Form 8-K. Item 7.01. Regulation FD Disclosure. The Company hereby furnishes the Investor Presentation attached hereto as Exhibit 99.2. The information contained in and accompanying this Form 8-K with respect to Item 7.01 (including Exhibit 99.2 hereto) is being furnished to, and not filed with, the Securities and Exchange Commission in accordance with General Instruction B.2 to Form 8-K. Item 9.01. Financial Statements and Exhibits (d) The following Exhibits are submitted herewith. Exhibit No. Description 99.1 Earnings Press Release dated October 22, 2020 99.2 Investor Presentation dated October 22, 2020 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

EXHIBIT INDEX Exhibit No. Description Page 99.1 Earnings Press Release dated October 22, 2020 99.1-1 99.2 Investor Presentation dated October 22, 2020 99.2-1 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. People’s United Financial, Inc. (Registrant) Date: October 23, 2020 By: /s/ Andrew S. Hersom (Signature) Name: Andrew S. Hersom Title: Senior Vice President, Investor Relations

Exhibit 99.1 People’s United Financial Reports Third Quarter Net Income of $144.6 Million, or $0.34 per Common Share • Pre-provision net revenue of $198.9 million, increased 4 percent linked-quarter and 15 percent from a year ago. • Efficiency ratio of 53.8 percent, improved 300 basis points year-over-year, reflecting continued thoughtful expense management and realization of projected cost savings from acquisitions. • Provision for credit losses on loans of $27.1 million, decreased $53.7 million linked-quarter, and further strengthens the allowance for credit losses to total loans by 3 basis points to 0.94 percent, or 0.99 percent excluding PPP loans. • Sale of People’s United Insurance Agency to AssuredPartners announced; expected to close in the fourth quarter. BRIDGEPORT, CT., October 22, 2020 – People’s United Financial, Inc. (NASDAQ: PBCT) today reported results for the third quarter 2020. These results along with comparison periods are summarized below: ($ in millions, except per common share data) Three Months Ended Sep. 30, 2020 Jun. 30, 2020 Sep. 30, 2019 Net income $ 144.6 $ 89.9 $ 135.1 Net income available to common shareholders 141.1 86.4 131.6 Per common share 0.34 0.21 0.33 Operating earnings 1 144.7 101.0 135.5 Per common share 0.34 0.24 0.34 Net interest income $ 391.4 $ 405.6 $ 348.7 Net interest margin 2.97% 3.05% 3.12% Non-interest income 101.1 89.6 106.0 Non-interest expense $ 293.6 $ 304.0 $ 281.4 Operating non-interest expense 1 289.0 285.5 276.4 Efficiency ratio 53.8% 53.5% 56.8% Average balances Loans $ 44,853 $ 45,153 $ 38,317 Deposits 49,542 48,447 38,657 Period-end balances Loans 45,231 45,452 38,781 Deposits 49,637 49,934 38,574 1 See Non-GAAP Financial Measures and Reconciliation to GAAP beginning on page 16. “We are pleased with the Company’s third quarter financial and operating performance, which is reflective of strong execution throughout the franchise,” said Jack Barnes, Chairman and Chief Executive Officer. “Our employees have successfully adapted to the pandemic-driven environment and its many challenges. This has enabled them to effectively meet customer needs, introduce AlwaysChecking our new free digital identity protection service, and advance strategic initiatives. Specifically, we remain focused on investing in digital capabilities and we strengthened this commitment with the recent creation of the Business Transformation Office. This specialized unit will lead our efforts related to digitization, process automation, and Fintech relationships. We are excited about the enhancements and efficiencies this team will deliver moving forward.”