Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE (Tables)

v3.10.0.1
EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Basic and diluted earnings loss per share
The calculation of basic and diluted earnings per share for each of the three years ended December 31 was as follows:
 
Year Ended December 31,
(dollar amounts in millions, except per share data, share count in thousands)
2018
 
2017
 
2016
Basic earnings per common share:
 
 
 
 
 
Net income
$
1,393

 
$
1,186

 
$
712

Preferred stock dividends
(70
)
 
(76
)
 
(65
)
Net income available to common shareholders
$
1,323

 
$
1,110

 
$
647

Average common shares issued and outstanding
1,081,542

 
1,084,686

 
904,438

Basic earnings per common share
$
1.22

 
$
1.02

 
$
0.72

Diluted earnings per common share:
 
 
 
 
 
Net income available to common shareholders
$
1,323

 
$
1,110

 
$
647

Effect of assumed preferred stock conversion

 
31

 

Net income applicable to diluted earnings per share
$
1,323

 
$
1,141

 
$
647

Average common shares issued and outstanding
1,081,542

 
1,084,686

 
904,438

Dilutive potential common shares
 
 
 
 
 
Stock options and restricted stock units and awards
16,529

 
17,883

 
11,728

Shares held in deferred compensation plans
3,511

 
3,160

 
2,486

Dilutive impact of Preferred Stock
4,403

 
30,330

 

Other

 
127

 
138

Dilutive potential common shares
24,443

 
51,500

 
14,352

Total diluted average common shares issued and outstanding
1,105,985

 
1,136,186

 
918,790

Diluted earnings per common share
$
1.20

 
$
1.00

 
$
0.70