Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Common Share, Reflecting Application of Two-Class Method

The following is an analysis of People’s United’s basic and diluted EPS, reflecting the application of the two-class method, as described in Note 1:

Years ended December 31 (in millions, except per common share data)	2019		2018		2017
Net income available to common shareholders	$	506.3	$	454.0	$	323.1
Dividends paid on and undistributed earnings allocated to participating securities	(0.2)		(0.2)		(0.5)
Earnings attributable to common shareholders	$	506.1	$	453.8	$	322.6
Weighted average common shares outstanding for basic EPS	394.0		348.1		330.3
Effect of dilutive equity-based awards	3.2		3.6		2.6
Weighted average common shares and common-equivalent shares for diluted EPS	397.2		351.7		332.9
EPS:
Basic	$	1.28	$	1.30	$	0.98
Diluted	1.27		1.29		0.97