| Basic and diluted earnings loss per share |
The calculation of basic and diluted earnings per share for three-month and nine-month periods ended September 30, 2015 and 2014, was as follows:
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
(dollar amounts in thousands, except per share amounts) |
2015 |
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2014 |
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2015 |
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2014 |
Basic earnings per common share: |
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Net income |
$ |
152,588 |
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$ |
155,016 |
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$ |
514,648 |
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$ |
468,778 |
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Preferred stock dividends |
(7,968 |
) |
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(7,964 |
) |
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(23,901 |
) |
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(23,891 |
) |
Net income available to common shareholders |
$ |
144,620 |
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$ |
147,052 |
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$ |
490,747 |
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$ |
444,887 |
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Average common shares issued and outstanding |
800,883 |
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816,497 |
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805,851 |
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820,884 |
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Basic earnings per common share |
$ |
0.18 |
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$ |
0.18 |
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$ |
0.61 |
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$ |
0.54 |
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Diluted earnings per common share: |
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Net income available to common shareholders |
$ |
144,620 |
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$ |
147,052 |
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$ |
490,747 |
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$ |
444,887 |
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Effect of assumed preferred stock conversion |
— |
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— |
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— |
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— |
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Net income applicable to diluted earnings per share |
$ |
144,620 |
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$ |
147,052 |
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$ |
490,747 |
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$ |
444,887 |
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Average common shares issued and outstanding |
800,883 |
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816,497 |
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805,851 |
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820,884 |
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Dilutive potential common shares: |
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Stock options and restricted stock units and awards |
11,285 |
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11,367 |
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11,554 |
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11,397 |
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Shares held in deferred compensation plans |
1,997 |
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1,506 |
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1,872 |
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1,443 |
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Other |
161 |
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253 |
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181 |
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|
203 |
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Dilutive potential common shares: |
13,443 |
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13,126 |
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13,607 |
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13,043 |
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Total diluted average common shares issued and outstanding |
814,326 |
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829,623 |
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819,458 |
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833,927 |
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Diluted earnings per common share |
$ |
0.18 |
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$ |
0.18 |
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$ |
0.60 |
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$ |
0.53 |
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