People's United Financial Inc. (NASDAQ:PBCT) Q4 2019 Earnings Conference Call - Final Transcript
Jan 16, 2020 • 05:00 pm ET
and Top 50 banks.
Net charge-offs of 6 basis points were unchanged from Q3 and continue to reflect the minimal loss content in our non-performing assets. Briefly on Slides 13 and 14, return on average assets and return on average tangible common equity declined 7 basis points and 120 basis points respectively from the third quarter. On an operating basis, both metrics improved. Operating return on average assets was up 8 basis points to 113 basis points, while operating return on average tangible common equity increased 80 basis points to 15.2%. Finally, capital ratios remained strong given our diversified business mix and long history of exceptional risk management.
This concludes our prepared remarks. We'll be happy to answer any questions you may have. Operator, we're ready for questions.