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) January 17, 2020 (January 16, 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 January 16, 2020, People’s United Financial, Inc. (the “Company”) issued a press release announcing its results of operations for the three- and twelve-month periods ended December 31, 2019. 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 January 16, 2020 99.2 Investor Presentation dated January 16, 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 January 16, 2020 99.1-1 99.2 Investor Presentation dated January 16, 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: January 17, 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 Fourth Quarter Net Income of $137.5 Million, or $0.31 per Common Share Operating Earnings of $0.37 per Common Share Completed the acquisition of United Financial on November 1 st . • • Return on average assets of 0.98 percent, or 1.13 percent on an operating basis, and return on average tangible common equity of 12.8 percent, or 15.2 percent on an operating basis. • Net interest margin of 3.14 percent, expanded two basis points linked-quarter and benefited from a 13 basis point reduction in deposit costs. • Efficiency ratio of 53.7 percent, improved 310 basis points linked-quarter, reflecting well-controlled expenses and higher revenues, particularly continued strong non-interest income results. • Period-end loans increased 12 percent linked-quarter driven by the United Financial acquisition and solid commercial organic growth, partially offset by a planned reduction of residential mortgage balances. BRIDGEPORT, CT., January 16, 2020 – People’s United Financial, Inc. (NASDAQ: PBCT) today reported results for the fourth quarter and full year 2019. These results along with comparison periods are summarized below: ($ in millions, except per common share data) Three Months Ended Twelve Months Ended Dec. 31, 2019 Sep. 30, 2019 Dec. 31, 2018 Dec. 31, 2019 Dec. 31, 2018 Net income $ 137.5 $ 135.1 $ 132.9 $ 520.4 $ 468.1 Net income available to common shareholders 134.0 131.6 129.4 506.3 454.0 Per common share 0.31 0.33 0.35 1.27 1.29 Operating earnings 1 158.8 135.5 134.2 552.1 461.4 Per common share 0.37 0.34 0.36 1.39 1.31 Net interest income $ 382.7 $ 348.7 $ 332.6 $ 1,412.3 $ 1,236.0 Net interest margin 3.14% 3.12% 3.17% 3.14% 3.12% Non-interest income 124.2 106.0 88.7 431.1 366.4 Operating non-interest income 1 116.6 106.0 98.7 423.5 376.4 Non-interest expense $ 325.7 $ 281.4 $ 262.7 $ 1,162.7 $ 996.1 Operating non-interest expense 1 286.6 276.4 254.7 1,097.1 984.7 Efficiency ratio 53.7% 56.8% 55.1% 55.8% 57.4% Average balances Loans $ 42,006 $ 38,317 $ 35,016 $ 38,419 $ 32,854 Deposits 42,195 38,657 35,959 39,143 33,601 Period-end balances Loans 43,596 38,781 35,241 Deposits 43,590 38,574 36,159 1 See Non-GAAP Financial Measures and Reconciliation to GAAP beginning on page 16. “We are very pleased with the Company’s financial and operating performance in 2019,” said Jack Barnes, Chairman and Chief Executive Officer. “It was another noteworthy year for People’s United as we acquired two banks and a specialty finance company, enhanced our suite of banking technology and further strengthened core capabilities. As a result, we continued to build the earnings power of the Company as evidenced by a 20 percent increase in full year operating earnings from a year ago and an operating return on average tangible common equity of 14.7 percent. In addition, operating earnings per common share of $1.39 increased for the tenth consecutive year. While we have almost tripled total assets to nearly $60 billion over the last ten years, we have