Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2020

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 earnings per common share (“EPS”), reflecting the application of the two-class method, as described below:

	Three Months Ended March 31,
(in millions, except per common share data)	2020		2019
Net income available to common shareholders	$	126.9	$	111.1
Dividends paid on and undistributed earnings allocated to participating securities	—		—
Earnings attributable to common shareholders	$	126.9	$	111.1
Weighted average common shares outstanding for basic EPS	427.2		370.7
Effect of dilutive equity-based awards	2.6		3.4
Weighted average common shares and common-equivalent shares for diluted EPS	429.8		374.1
EPS:
Basic	$	0.30	$	0.30
Diluted	0.30		0.30