• 
• Print
• Email
• Order a PDF

Bridgeport regional lender People's United Financial Inc. posted higher fourth-quarter and full-year profits, and announced another acquisition.

The parent of People's United Bank said Friday it purchased commercial-equipment lender VAR Technology Finance, of Mesquite, Texas, for an undisclosed sum.

For three months ended Dec. 31, People's United Financial said it netted $132.9 million, or 35 cents a diluted share, up from $106.2 million, or 30 cents a share, compared to the final quarter of 2017.

For all of 2018, People's United netted $468.1 million vs. $337.2 million in 2017.

People's United ended 2018 with assets of $47.7 billion vs. $44 billion in 2017.

• 
• Print
• Email
• Order a PDF