| 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 |
|
|