People's United Financial Inc. reported consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, total interest and dividend income of $274.2 million against $259.6 million a year ago. Net interest income was $238.8 million against $228.1 million a year ago. Net interest income after provision for loan losses was $229.1 million against $218.2 million a year ago. Income before income tax expense was $105.4 million against $97.3 million a year ago. Net income of $70.8 million or $0.23 per share basic and diluted compared to $64.7 million or $0.22 per share basic and diluted a year ago. Return on average assets was 0.75% against 0.74% a year ago. Operating return on average assets was 0.71% against 0.75% a year ago. Return on average tangible assets was 0.79% against 0.79% a year ago. Return on average stockholders' equity was 6.0% against 5.5% a year ago. Return on average tangible stockholders' equity was 10.7% against 10.1% a year ago. Operating return on average tangible stockholders equity was 10.2% against 10.1% a year ago. Operating earnings per share was $0.22 against $0.22 a year ago. Book value per share (end of period) was $15.62 against $15.44 a year ago. Tangible book value per share (end of period) was $8.73 against $8.43 a year ago. Operating earnings were $67.2 million against $65.1 million a year ago. Operating earnings per share was $0.22 against $0.22 a year ago.

For the year, total interest and dividend income of $1,068.9 million against $1,030.6 million a year ago. Net interest income was $932.1 million against $911.9 million a year ago. Net interest income after provision for loan losses was $898.7 million against $871.3 million a year ago. Income before income tax expense was $390.5 million against $380.6 million a year ago. Net income of $260.1 million or $0.86 per share basic and diluted compared to $251.7 million or $0.84 per share basic and diluted a year ago. Return on average assets was 0.71% against 0.75% a year ago. Operating return on average assets was 0.71% against 0.72% a year ago. Return on average tangible assets was 0.75% against 0.80% a year ago. Return on average stockholders' equity was 5.5% against 5.4% a year ago. Return on average tangible stockholders' equity was 10.0% against 10.0% a year ago. Operating return on average tangible stockholders equity was 10.1% against 9.7% a year ago. Operating earnings per share was $0.22 against $0.22 a year ago. Operating earnings were $262.5 million against $244.5 million a year ago. Operating earnings per share was $0.87 against $0.82 a year ago.

For the fourth quarter of 2015, the company reported net loan charge-offs of $6.2 million, of which $3.3 million related to loans with previously-established specific reserves.