People’s United Financial Inc. posted higher third-quarter profits, led by the Bridgeport regional lender’s fee income and healing in its basket of past-due loans and foreclosed properties.
For three months ended Sept. 30, People’s United said Thursday it netted $62.2 million, or 18 cents a share, up from $51.5 million, or 14 cents a share, netted the same period a year ago.
People’s declared regular dividends of 16 cents a share to be paid Nov. 15 to common stockholders on record by Nov. 1.
The thrift also disclosed its repurchase of 4.5 million common shares for $54 million in the period. Through the first nine months of this year, People’s United has shelled out $164 million to buy back 13.5 million shares.
Its existing stock repurchase authorization allows it to repurchase 4.5 million more shares of common.
