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Loans (Tables)
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Summary of Loans by Loan Portfolio Segment and Class The following table summarizes People’s United’s loans by loan portfolio segment and class:
(in millions)March 31, 2020December 31, 2019
Commercial:
Commercial real estate$14,651.6  $14,762.3  
Commercial and industrial9,097.7  8,693.2  
Equipment financing5,012.7  4,910.4  
MWABL2,948.0  2,348.4  
Total Commercial Portfolio31,710.0  30,714.3  
Retail:
Residential mortgage:
Adjustable-rate6,825.2  7,064.8  
Fixed-rate3,256.7  3,253.3  
Total residential mortgage10,081.9  10,318.1  
Home equity and other consumer:
Home equity2,349.9  2,406.5  
Other consumer142.2  157.2  
Total home equity and other consumer2,492.1  2,563.7  
Total Retail Portfolio12,574.0  12,881.8  
Total loans$44,284.0  $43,596.1  
Summary of Aging Information by Class of Loan
The following tables summarize aging information by class of loan:
  Past Due 
As of March 31, 2020 (in millions)Current
30-89
Days
90 Days
or More
Total
Total
Commercial:
Commercial real estate$14,580.0  $43.7  $27.9  $71.6  $14,651.6  
Commercial and industrial9,055.4  18.8  23.5  42.3  9,097.7  
Equipment financing4,853.2  136.4  23.1  159.5  5,012.7  
MWABL2,948.0  —  —  —  2,948.0  
Total31,436.6  198.9  74.5  273.4  31,710.0  
Retail:
Residential mortgage9,978.3  64.2  39.4  103.6  10,081.9  
Home equity2,325.3  13.3  11.3  24.6  2,349.9  
Other consumer141.2  0.9  0.1  1.0  142.2  
Total12,444.8  78.4  50.8  129.2  12,574.0  
Total loans$43,881.4  $277.3  $125.3  $402.6  $44,284.0  
  Past Due 
As of December 31, 2019 (in millions)Current
30-89
Days
90 Days
or More
Total
Total
Commercial:
Commercial real estate$14,713.8  $22.3  $26.2  $48.5  $14,762.3  
Commercial and industrial11,010.7  13.1  17.8  30.9  11,041.6  
Equipment financing4,791.0  97.9  21.5  119.4  4,910.4  
Total30,515.5  133.3  65.5  198.8  30,714.3  
Retail:
Residential mortgage10,215.9  65.5  36.7  102.2  10,318.1  
Home equity2,385.7  9.9  10.9  20.8  2,406.5  
Other consumer156.1  1.1  —  1.1  157.2  
Total12,757.7  76.5  47.6  124.1  12,881.8  
Total loans$43,273.2  $209.8  $113.1  $322.9  $43,596.1  
Summarized Recorded Investments, by Class of Loan, in Originated Non-Performing Loans
The recorded investment in non-accrual loans, by class of loan and year of origination, is summarized as follows:
March 31, 2020Dec. 31, 2019
Non-Accrual Loans
(in millions)20202019201820172016PriorRevolving LoansTotalNon-Accrual Loans With No ACLNon-Accrual Loans
Commercial:
Commercial real estate$—  $16.3  $2.1  $2.1  $4.9  $28.0  $0.1  $53.5  $5.3  $53.8  
Commercial and industrial0.3  2.9  0.6  2.2  2.1  14.7  31.7  54.5  7.2  38.5  
Equipment financing0.9  10.6  13.4  8.6  4.3  4.7  —  42.5  1.9  47.7  
MWABL—  —  —  —  —  —  1.1  1.1  —  —  
Total (1)1.2  29.8  16.1  12.9  11.3  47.4  32.9  151.6  14.4  140.0  
Retail:
Residential mortgage—  1.3  3.2  2.3  1.4  58.4  —  66.6  22.0  63.3  
Home equity—  —  0.1  —  0.2  3.7  18.1  22.1  5.6  20.8  
Other consumer—  —  0.1  —  —  —  —  0.1  —  —  
Total (2)—  1.3  3.4  2.3  1.6  62.1  18.1  88.8  27.6  84.1  
Total$1.2  $31.1  $19.5  $15.2  $12.9  $109.5  $51.0  $240.4  $42.0  $224.1  
 
(1)Reported net of government guarantees totaling $1.2 million and $1.3 million at March 31, 2020 and 
December 31, 2019, respectively. These government guarantees relate, almost entirely, to guarantees provided by the Small Business Administration as well as selected other Federal agencies and represent the carrying value of the loans that are covered by such guarantees, the extent of which (i.e. full or partial) varies by loan. At March 31, 2020, all of the government guarantees related to commercial and industrial loans.
(2)Includes $25.4 million and $17.0 million of loans in the process of foreclosure at March 31, 2020 and December 31, 2019, respectively.
Summary of Recorded Investments in TDRs by Class of Loan
The following tables summarize, by class of loan, the recorded investments in loans modified as TDRs during the three months ended March 31, 2020 and 2019. For purposes of this disclosure, recorded investments represent amounts immediately prior to and subsequent to the restructuring.
 Three Months Ended March 31, 2020
(dollars in millions)
Number
of Contracts
Pre-Modification
Outstanding
Recorded
Investment
Post-Modification
Outstanding
Recorded
Investment
Commercial:
Commercial real estate (1)5  $3.7  $3.7  
Commercial and industrial (2)10  9.0  9.0  
Equipment financing (3)9  3.1  3.1  
MWABL—  —  —  
Total24  15.8  15.8  
Retail:
Residential mortgage (4)13  6.2  6.2  
Home equity (5)17  2.1  2.1  
Other consumer—  —  —  
Total30  8.3  8.3  
Total54  $24.1  $24.1  
 
(1)Represents the following concessions: extension of term (4 contracts; recorded investment of $3.2 million); or a reduced payment and/or payment deferral (1 contract; recorded investment of $0.5 million).
(2)Represents the following concessions: extension of term (5 contracts; recorded investment of $7.4 million); reduced payment and/or payment deferral (1 contract; recorded investment of $0.3 million); or a combination of concessions 
(4 contract; recorded investment of $1.3 million).
(3)Represents the following concessions: extension of term (1 contract; recorded investment of $1.2 million); reduced payment and/or payment deferral (5 contracts; recorded investment of $0.5 million); or a combination of concessions 
(3 contracts; recorded investment of $1.4 million).
(4)Represents the following concessions: loans restructured through bankruptcy (3 contracts; recorded investment of $0.6 million); reduced payment and/or payment deferral (9 contracts; recorded investment of $5.5 million); or a combination of concessions (1 contract; recorded investment of $0.1 million).
(5)Represents the following concessions: loans restructured through bankruptcy (5 contracts; recorded investment of $0.5 million); reduced payment and/or payment deferral (1 contract; recorded investment of $0.1 million); or a combination of concessions (11 contracts; recorded investment of $1.5 million).
 Three Months Ended March 31, 2019
(dollars in millions)
Number
of Contracts
Pre-Modification
Outstanding
Recorded
Investment
Post-Modification
Outstanding
Recorded
Investment
Commercial:
Commercial real estate (1)2  $3.0  $3.0  
Commercial and industrial (2)4  1.4  1.4  
Equipment financing (3)14  7.3  7.3  
Total20  11.7  11.7  
Retail:
Residential mortgage (4)20  5.6  5.6  
Home equity (5)22  2.1  2.1  
Other consumer—  —  —  
Total42  7.7  7.7  
Total62  $19.4  $19.4  
 
(1)Represents the following concession: reduced payment and/or payment deferral (2 contracts; recorded investment of $3.0 million).
(2)Represents the following concessions: extension of term (4 contracts; recorded investment of $1.4 million).
(3)Represents the following concessions: extension of term (8 contracts; recorded investment of $6.6 million); reduced payment and/or payment deferral (5 contracts; recorded investment of $0.5 million); or a combination of concessions 
(1 contract; recorded investment of $0.2 million).
(4)Represents the following concessions: loans restructured through bankruptcy (9 contracts; recorded investment of $1.1 million); reduced payment and/or payment deferral (5 contracts; recorded investment of $2.2 million); or a combination of concessions (6 contracts; recorded investment of $2.3 million).
(5)Represents the following concessions: loans restructured through bankruptcy (9 contracts; recorded investment of $0.6 million); reduced payment and/or payment deferral (3 contracts; recorded investment of $0.5 million); or a combination of concessions (10 contracts; recorded investment of $1.0 million).
Summary of Recorded Investments in TDRs by Class of Loan, Subsequently Defaulted
The following is a summary, by class of loan, of information related to TDRs completed within the previous 12 months that subsequently defaulted during the three months ended March 31, 2020 and 2019. For purposes of this disclosure, the previous 12 months is measured from April 1 of the respective prior year and a default represents a previously-modified loan that became past due 30 days or more during the three months ended March 31, 2020 or 2019.
 
 Three Months Ended March 31,
 20202019
(dollars in millions)
Number
of Contracts
Recorded
Investment as of
Period End
Number
of Contracts
Recorded
Investment as of
Period End
Commercial:
Commercial real estate—  $—  —  $—  
Commercial and industrial1  0.1  —  —  
Equipment financing4  2.5  2  2.9  
MWABL—  —  —  —  
Total5  2.6  2  2.9  
Retail:
Residential mortgage3  1.3  3  1.3  
Home equity1  —  2  0.4  
Other consumer—  —  —  —  
Total4  1.3  5  1.7  
Total9  $3.9  7  $4.6  
Summary of Credit Quality Indicators by Class of Loan
The following table presents Commercial loan risk ratings, by class of loan and year of origination, as of March 31, 2020:
(in millions)20202019201820172016PriorRevolving LoansTotal
 Commercial real estate:
 Pass $335.3  $1,762.3  $1,730.4  $1,703.1  $1,584.0  $6,615.0  $380.7  $14,110.8  
 Special Mention —  8.7  91.4  28.0  38.6  115.3  2.4  284.4  
 Substandard 2.3  29.3  22.9  29.2  6.6  161.6  2.9  254.8  
 Doubtful —  —  —  —  —  1.6  —  1.6  
 Total $337.6  $1,800.3  $1,844.7  $1,760.3  $1,629.2  $6,893.5  $386.0  $14,651.6  
 Commercial and industrial:
 Pass $674.1  $1,876.3  $1,015.3  $801.6  $635.6  $1,930.1  $1,635.0  $8,568.0  
 Special Mention 2.1  11.5  22.3  6.1  39.8  63.1  41.9  186.8  
 Substandard 0.7  11.5  57.0  37.0  12.3  127.4  93.5  339.4  
 Doubtful —  —  —  0.6  1.2  —  1.7  3.5  
 Total $676.9  $1,899.3  $1,094.6  $845.3  $688.9  $2,120.6  $1,772.1  $9,097.7  
 Equipment financing:
 Pass $556.4  $1,843.0  $1,068.9  $587.7  $303.1  $164.3  $—  $4,523.4  
 Special Mention 13.5  33.7  16.1  10.9  4.4  1.7  —  80.3  
 Substandard 45.2  161.2  101.8  56.5  13.1  31.2  —  409.0  
 Doubtful —  —  —  —  —  —  —  —  
 Total $615.1  $2,037.9  $1,186.8  $655.1  $320.6  $197.2  $—  $5,012.7  
 MWABL:
 Pass $2.6  $10.8  $15.0  $6.6  $21.0  $62.7  $2,697.0  $2,815.7  
 Special Mention —  7.3  —  —  —  —  68.6  75.9  
 Substandard —  —  —  1.9  0.7  1.9  51.9  56.4  
 Doubtful —  —  —  —  —  —  —  —  
 Total $2.6  $18.1  $15.0  $8.5  $21.7  $64.6  $2,817.5  $2,948.0  
The following table presents Retail loan risk classification, by class of loan and year of origination, as of March 31, 2020:
(in millions)20202019201820172016PriorRevolving LoansTotal
Residential mortgage:
   Low Risk$51.5  $400.9  $423.9  $560.7  $1,130.5  $1,937.1  $—  $4,504.6  
   Moderate Risk132.7  640.0  835.4  967.7  928.3  1,335.1  —  4,839.2  
   High Risk26.4  79.8  117.6  114.1  104.8  295.4  —  738.1  
   Total$210.6  $1,120.7  $1,376.9  $1,642.5  $2,163.6  $3,567.6  $—  $10,081.9  
 Home equity:
Low Risk$—  $—  $—  $—  $—  $31.7  $335.2  $366.9  
Moderate Risk0.4  15.3  12.1  6.1  3.2  35.2  689.5  761.8  
High Risk2.0  27.9  83.0  68.0  27.5  14.3  998.5  1,221.2  
Total$2.4  $43.2  $95.1  $74.1  $30.7  $81.2  $2,023.2  $2,349.9  
Other consumer:
Low Risk$1.6  $10.0  $6.3  $1.5  $0.5  $4.8  $—  $24.7  
Moderate Risk—  0.1  0.2  0.1  0.2  5.3  —  5.9  
High Risk3.3  58.2  42.5  3.8  0.8  3.0  —  111.6  
Total$4.9  $68.3  $49.0  $5.4  $1.5  $13.1  $—  $142.2  
The following tables present Commercial and Retail credit quality indicators as of December 31, 2019:
(in millions)
Commercial
Real Estate
Commercial
and
Industrial
Equipment
Financing
Total
Commercial:
Pass$14,222.3  $10,391.7  $4,433.5  $29,047.5  
Special mention334.3  330.4  76.5  741.2  
Substandard202.6  315.8  400.4  918.8  
Doubtful3.1  3.7  —  6.8  
Total$14,762.3  $11,041.6  $4,910.4  $30,714.3  
(in millions)
Residential
Mortgage
Home
Equity
Other
Consumer
Total
Retail:
Low risk$4,410.0  $747.3  $24.9  $5,182.2  
Moderate risk4,958.3  548.5  5.9  5,512.7  
High risk949.8  1,110.7  126.4  2,186.9  
Total$10,318.1  $2,406.5  $157.2  $12,881.8