People's United Financial (PBCT) in Bridgeport, Conn., reported late Wednesday steady first quarter results, characterized by loan growth and improved asset quality, the same day it disclosed a succession plan for its chief financial officer.

The $33 billion-asset bank earned $53 million in the first quarter, up 1% from the same period a year ago. Earnings per share of 18 cents were 2 cents lower than the estimates of analysts polled by Bloomberg.

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