Bridgeport lender People’s United Financial reported $58.5 million in net income for its third quarter, down 6 percent year over year.
The People’s Bank parent said its interest income for the quarter ended Sept. 30 was down 11.3 million, or 4.9 percent, at $223.5 million.
Noninterest income, such as fees, increased 3.2 percent to $84 million.
Earnings per share were 19 cents, up from 18 cents a year ago.
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Commercial loans were up 5 percent, or $212 million, while mortgage activity increased $152 million, or 15 percent.
People’s said it would pay a dividend of 16.2 cents per share on Nov. 15.
