UPDATE 1-People's United Q4 profit falls 26 pct

jueves 21 de enero de 2010 22:42 CET

* Q4 EPS $0.07 vs $0.10 last yr

* Q4 net interest income down 4 pct to $147.5 mln

* Q4 loan loss provision $13.6 mln, from $8.7 mln last yr

* Says expects to complete Financial Federal deal by mid-Feb

Jan 21 (Reuters) - Savings and loan holding company People's United Financial Inc (PBCT.O: Cotización) reported a 26 percent fall in fourth-quarter earnings, hurt by lower net interest income, and increased loan loss provisions.

The company said quarterly net profit was $24.9 million, or 7 cents a share, compared with $33.7 million, or 10 cents a share, a year earlier.

Excluding items, net income would have been $28 million, or 8 cents a share, People's United said in a statement.

Analysts on average were looking for a profit of 8 cents a share, before items, according to Thomson Reuters I/B/E/S.

Net interest income fell 4 percent to $147.5 million.   Continuación...