Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.4.0.3
EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Basic and diluted earnings loss per share
The calculation of basic and diluted earnings per share for three-month periods ended March 31, 2016 and 2015, was as follows:
 
Three months ended
March 31,
(dollar amounts in thousands, except per share amounts)
2016
 
2015
Basic earnings per common share:
 
 
 
Net income
$
171,314

 
$
165,854

Preferred stock dividends
(7,998
)
 
(7,965
)
Net income available to common shareholders
$
163,316

 
$
157,889

Average common shares issued and outstanding
795,755

 
809,778

Basic earnings per common share
$
0.21

 
$
0.19

Diluted earnings per common share:
 
 
 
Net income available to common shareholders
$
163,316

 
$
157,889

Effect of assumed preferred stock conversion

 

Net income applicable to diluted earnings per share
$
163,316

 
$
157,889

Average common shares issued and outstanding
795,755

 
809,778

Dilutive potential common shares:
 
 
 
Stock options and restricted stock units and awards
10,385

 
12,126

Shares held in deferred compensation plans
2,075

 
1,706

Other
134

 
199

Dilutive potential common shares:
12,594

 
14,031

Total diluted average common shares issued and outstanding
808,349

 
823,809

Diluted earnings per common share
$
0.20

 
$
0.19