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UBNK - People's United Financial To Benefit From Upcoming Acquisition
United Financial Bancorp Inc.
People's United Financial's (PBCT) earnings are likely to jump next year on the back of an acquisition that is to be completed towards the end of 2019. The merger will lead to an expansion in earning assets, which will boost the bottom line. Some of the positive effect of greater earning assets is expected to be offset by a contraction in net interest margin. Due to an expected increase in earnings, it is likely that PBCT will increase its dividends again next year.