Associated Press 01.18.07, 2:46 PM ET
People's Bank, an operator of banks in Connecticut, said Thursday its fourth-quarter profit grew 12 percent, boosted by higher income from deposits and loans.
Net income rose to $39.3 million, or 28 cents per share, from $35.2 million, or 25 cents per share, during the same period last year.
Analysts expected earnings of 26 cents per share, according to a poll by Thomson Financial.
Net interest income, or income from deposits and loans, grew 3 percent to $96.1 million, from $93.3 million last year. Fee-based revenue stayed nearly flat at $39.5 million, from $39.8 million last year.
All other noninterest income - or income from mortgage loan service fees and other fees and charges - fell 53 percent to $5.8 million, from $12.3 million last year.
For the year, profit declined 10 percent to $124 million, or 87 cents per share, from $137.1 million, or 97 cents per share, last year.
Net interest income grew 3 percent to $382.4 million, while fee-based revenue edged up 1 percent to $153 million.
Other noninterest income stayed flat at $21.6 million.
Shares rose 10 cents to $44.30 during afternoon trading on the New York Stock Exchange.
mfg J.B.
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Call oder Put?? Tja, so ist das Leben, manche wissen es und viele nicht!!
