Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.8.0.1
EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Basic and diluted earnings loss per share
The calculation of basic and diluted earnings per share for the three and nine-month periods ended September 30, 2017 and 2016, was as shown in the table.
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(dollar amounts in thousands, except per share amounts)
2017
 
2016
 
2017
 
2016
Basic earnings per common share:
 
 
 
 
 
 
 
Net income
$
274,568

 
$
127,004

 
$
754,403

 
$
472,858

Preferred stock dividends
(18,903
)
 
(18,537
)
 
(56,670
)
 
(46,409
)
Net income available to common shareholders
$
255,665

 
$
108,467

 
$
697,733

 
$
426,449

Average common shares issued and outstanding
1,086,038

 
938,578

 
1,087,115

 
844,167

Basic earnings per common share
$
0.24

 
$
0.12

 
$
0.64

 
$
0.51

Diluted earnings per common share:
 
 
 
 
 
 
 
Net income available to common shareholders
$
255,665

 
$
108,467

 
$
697,733

 
$
426,449

Effect of assumed preferred stock conversion

 

 

 

Net income applicable to diluted earnings per share
$
255,665

 
$
108,467

 
$
697,733

 
$
426,449

Average common shares issued and outstanding
1,086,038

 
938,578

 
1,087,115

 
844,167

Dilutive potential common shares:
 
 
 
 
 
 
 
Stock options and restricted stock units and awards
17,079

 
10,714

 
17,515

 
10,295

Shares held in deferred compensation plans
3,228

 
2,654

 
3,096

 
2,337

Other
146

 
135

 
152

 
135

Dilutive potential common shares
20,453

 
13,503

 
20,763

 
12,767

Total diluted average common shares issued and outstanding
1,106,491

 
952,081

 
1,107,878

 
856,934

Diluted earnings per common share
$
0.23

 
$
0.11

 
$
0.63

 
$
0.50