Segment information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Information about Company's Segments

	Three Months Ended June 30, 2022
	Total Revenues as Previously Reported		Impact of Changes			Total Revenues as Reclassified		Net Income (Loss) as Previously Reported			Impact of Changes			Net Income (Loss) as Reclassified
	(In thousands)
Business Banking	$	203,630		—		$	203,630	$	70,536			(2,953	)	$	67,583
Commercial Banking		343,353		105,086			448,439		130,431			31,379			161,810
Commercial Real Estate		239,610		6,635			246,245		121,737			(3,792	)		117,945
Discretionary Portfolio		89,412		(14,885	)		74,527		56,085			(11,674	)		44,411
Residential Mortgage Banking		113,874		—			113,874		9,347			(1,418	)		7,929
Retail Banking		593,228		(74,611	)		518,617		139,431			(34,862	)		104,569
All Other		399,710		(22,225	)		377,485		(310,045	)		23,320			(286,725	)
Total	$	1,982,817		—		$	1,982,817	$	217,522			—		$	217,522

	Six Months Ended June 30, 2022
	Total Revenues as Previously Reported		Impact of Changes			Total Revenues as Reclassified		Net Income (Loss) as Previously Reported			Impact of Changes			Net Income (Loss) as Reclassified
	(In thousands)
Business Banking	$	344,976		—		$	344,976	$	111,647			(4,532	)	$	107,115
Commercial Banking		632,725		94,649			727,374		275,039			15,231			290,270
Commercial Real Estate		441,697		17,072			458,769		219,347			9,844			229,191
Discretionary Portfolio		154,139		(14,885	)		139,254		91,470			(12,374	)		79,096
Residential Mortgage Banking		251,318		—			251,318		38,311			(3,268	)		35,043
Retail Banking		948,376		(74,611	)		873,765		223,595			(39,944	)		183,651
All Other		654,647		(22,225	)		632,422		(379,713	)		35,043			(344,670	)
Total	$	3,427,878		—		$	3,427,878	$	579,696			—		$	579,696

14. Segment information, continued

Information about the Company's segments follows:

	Three Months Ended June 30
	2023									2022
	Total  Revenues(a)			Inter- segment Revenues			Net Income (Loss)			Total  Revenues(a)		Inter- segment Revenues			Net Income (Loss)
	(In thousands)
Business Banking	$	277,181		$	1,047		$	116,163		$	203,630	$	726		$	67,583
Commercial Banking		460,625			9,292			165,562			448,439		940			161,810
Commercial Real Estate		217,254			268			39,288			246,245		259			117,945
Discretionary Portfolio		(23,937	)		(14,809	)		(31,695	)		74,527		(24,103	)		44,411
Residential Mortgage Banking		102,556			20,754			(14,900	)		113,874		37,875			7,929
Retail Banking		864,566			(39	)		336,633			518,617		(4	)		104,569
All Other		704,055			(16,513	)		255,983			377,485		(15,693	)		(286,725	)
Total	$	2,602,300		$	—		$	867,034		$	1,982,817	$	—		$	217,522

	Six Months Ended June 30
	2023									2022
	Total  Revenues(a)			Inter- segment Revenues			Net Income (Loss)			Total  Revenues(a)		Inter- segment Revenues			Net Income (Loss)
	(In thousands)
Business Banking	$	550,732		$	1,924		$	229,414		$	344,976	$	1,397		$	107,115
Commercial Banking		967,645			19,518			385,541			727,374		1,803			290,270
Commercial Real Estate		442,973			557			120,097			458,769		438			229,191
Discretionary Portfolio		(57,333	)		(30,014	)		(72,092	)		139,254		(51,908	)		79,096
Residential Mortgage Banking		180,210			41,226			(27,254	)		251,318		75,339			35,043
Retail Banking		1,696,408			(78	)		653,227			873,765		(7	)		183,651
All Other		1,227,062			(33,133	)		279,725			632,422		(27,062	)		(344,670	)
Total	$	5,007,697		$	—		$	1,568,658		$	3,427,878	$	—		$	579,696

	Average Total Assets
	Six Months Ended June 30				Year Ended December 31
	2023		2022		2022
	(In millions)
Business Banking	$	7,905	$	7,316	$	7,597
Commercial Banking (b)		49,166		35,696		40,930
Commercial Real Estate (b)		32,000		29,032		30,599
Discretionary Portfolio		50,930		36,292		42,657
Residential Mortgage Banking		2,723		5,014		3,986
Retail Banking (b)		21,322		19,690		20,312
All Other (b)		39,446		47,374		44,171
Total	$	203,492	$	180,414	$	190,252

(a)Total revenues are comprised of net interest income and other income. Net interest income is the difference between taxable-equivalent interest earned on assets and interest paid on liabilities owed by a segment and a funding charge (credit) based on the Company's internal funds transfer and allocation methodology. Segments are charged a cost to fund any assets (e.g. loans) and are paid a funding credit for any funds provided (e.g. deposits). The taxable-equivalent adjustment aggregated $13,886,000 and $10,726,000 for the three-month periods ended June 30, 2023 and 2022, respectively, and $27,348,000 and $13,960,000 for the six-month periods ended June 30, 2023 and 2022, and is eliminated in "All Other" total revenues. Intersegment revenues are included in total revenues of the reportable segments. The elimination of intersegment revenues is included in the determination of "All Other" total revenues.

(b)For the six months ended June 30, 2022, average total assets totaling (i) approximately $1.25 billion were reclassified to the Commercial Real Estate segment from the Commercial Banking segment as a result of the realignment of certain lending relationships within the hospitality sector and (ii) approximately $4.72 billion and $591 million were reclassified to the Commercial Banking segment from the Retail Banking and All Other segments, respectively, as a result of the realignment of certain acquired operations associated with People's United.