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People's United Financial (People's United Financial) Piotroski F-Score : 7 (As of May. 16, 2024)


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What is People's United Financial Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicating very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

People's United Financial has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for People's United Financial's Piotroski F-Score or its related term are showing as below:

PBCT' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of People's United Financial was 8. The lowest was 2. And the median was 6.


People's United Financial Piotroski F-Score Historical Data

The historical data trend for People's United Financial's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

People's United Financial Piotroski F-Score Chart

People's United Financial Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 8.00 2.00 6.00 7.00

People's United Financial Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 5.00 4.00 4.00 7.00

Competitive Comparison of People's United Financial's Piotroski F-Score

For the Banks - Regional subindustry, People's United Financial's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


People's United Financial's Piotroski F-Score Distribution in the Banks Industry

For the Banks industry and Financial Services sector, People's United Financial's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where People's United Financial's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec21) TTM:Last Year (Dec20) TTM:
Net Income was 144.5 + 170.8 + 139.7 + 149.9 = $605 Mil.
Cash Flow from Operations was 457.5 + 198.3 + 250.5 + 309.8 = $1,216 Mil.
Revenue was 480.5 + 479.9 + 470.7 + 461.6 = $1,893 Mil.
Average Total Assets from the begining of this year (Dec20)
to the end of this year (Dec21) was
(63091.8 + 64172.5 + 63340.7 + 63672.6 + 64642.4) / 5 = $63784 Mil.
Total Assets at the begining of this year (Dec20) was $63,092 Mil.
Long-Term Debt & Capital Lease Obligation was $1,251 Mil.
Total Assets was $64,642 Mil.
Total Liabilities was $56,741 Mil.
Net Income was 130.4 + 89.9 + 144.6 + -145.3 = $220 Mil.

Revenue was 519.8 + 495.2 + 492.5 + 485.1 = $1,993 Mil.
Average Total Assets from the begining of last year (Dec19)
to the end of last year (Dec20) was
(58589.8 + 60433.3 + 61509.7 + 60871.2 + 63091.8) / 5 = $60899.16 Mil.
Total Assets at the begining of last year (Dec19) was $58,590 Mil.
Long-Term Debt & Capital Lease Obligation was $1,298 Mil.
Total Assets was $63,092 Mil.
Total Liabilities was $55,489 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

People's United Financial's current Net Income (TTM) was 605. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

People's United Financial's current Cash Flow from Operations (TTM) was 1,216. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec20)
=604.9/63091.8
=0.00958762

ROA (Last Year)=Net Income/Total Assets (Dec19)
=219.6/58589.8
=0.00374809

People's United Financial's return on assets of this year was 0.00958762. People's United Financial's return on assets of last year was 0.00374809. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

People's United Financial's current Net Income (TTM) was 605. People's United Financial's current Cash Flow from Operations (TTM) was 1,216. ==> 1,216 > 605 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec20 to Dec21
=1250.7/63784
=0.01960837

Gearing (Last Year: Dec20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec19 to Dec20
=1297.7/60899.16
=0.021309

People's United Financial's gearing of this year was 0.01960837. People's United Financial's gearing of last year was 0.021309. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Dec21)=Total Assets/Total Liabilities
=64642.4/56740.6
=1.13926183

Current Ratio (Last Year: Dec20)=Total Assets/Total Liabilities
=63091.8/55489
=1.13701454

People's United Financial's current ratio of this year was 1.13926183. People's United Financial's current ratio of last year was 1.13701454. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

People's United Financial's number of shares in issue this year was 425.4. People's United Financial's number of shares in issue last year was 420.8. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=604.9/1892.7
=0.31959634

Net Margin (Last Year: TTM)=Net Income/Revenue
=219.6/1992.6
=0.11020777

People's United Financial's net margin of this year was 0.31959634. People's United Financial's net margin of last year was 0.11020777. ==> This year's net margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec20)
=1892.7/63091.8
=0.02999914

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec19)
=1992.6/58589.8
=0.03400933

People's United Financial's asset turnover of this year was 0.02999914. People's United Financial's asset turnover of last year was 0.03400933. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+0+1+0
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

People's United Financial has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

People's United Financial  (NAS:PBCT) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


People's United Financial Piotroski F-Score Related Terms

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People's United Financial (People's United Financial) Business Description

Traded in Other Exchanges
N/A
Address
850 Main Street, Bridgeport, CT, USA, 06604
People's United Financial Inc is a United States-based bank holding company. It operates in two segments: Commercial and Retail Banking. Commercial Banking includes commercial real estate lending, middle market, and business banking, mortgage warehouse and asset-based lending, and the equipment financing operations of PCLC, PUEFC, and LEAF. It also provides treasury management services, capital market capabilities, and commercial deposit products. Retail Banking includes consumer lending and consumer deposit gathering activities. The vast majority of its revenue is generated from the Commercial Banking segment.
Executives
Jeffrey J Tengel officer: President 1900 EAST NINTH STREET, CLEVELAND OH 44114
Lee C Powlus officer: Sr Ex VP & Chief Admin Officer 850 MAIN STREET, BRIDGEPORT CT 06604
Richard M Barry officer: Chief Credit Officer 726 EXCHANGE STREET SUITE 618 BUFFALO NY 14210
Jane Chwick director C/O MARKETAXESS HOLDINGS, INC., 299 PARK AVENUE, NEW YORK NY 10171
Cruger William Frank Jr. director C/O MARKETAXESS HOLDINGS INC., 299 PARK AVENUE, NEW YORK NY 10171
Kevin T. Bottomley director DANVERS BANCORP, INC. ONE CONANT STREET DANVERS MA 01923
Nancy Mcallister, director 30 CAMP WOODBINE ROAD, PORT JEFFERSON NY 11777
James A Thomas director

People's United Financial (People's United Financial) Headlines

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