Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.8
Earnings Per Share (Tables)
3 Months Ended
Jun. 30, 2013
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-month and six-month periods ended June 30, 2013 and 2012, was as follows:

    Three Months Ended   Six Months Ended
      June 30,     June 30,
(dollar amounts in thousands, except per share amounts)   2013     2012     2013     2012
                         
Basic earnings per common share:                      
Net income $ 150,651   $ 152,706   $ 302,431   $ 305,976
Preferred stock dividends   (7,967)     (7,984)     (15,937)     (16,033)
  Net income available to common shareholders $ 142,684   $ 144,722   $ 286,494   $ 289,943
Average common shares issued and outstanding   834,730     862,261     837,917     863,380
Basic earnings per common share $ 0.17   $ 0.17   $ 0.34   $ 0.34
                         
Diluted earnings per common share                      
Net income available to common shareholders $ 142,684   $ 144,722   $ 286,494   $ 289,943
Effect of assumed preferred stock conversion   ---     ---     ---     ---
  Net income applicable to diluted earnings per share $ 142,684   $ 144,722   $ 286,494   $ 289,943
Average common shares issued and outstanding   834,730     862,261     837,917     863,380
Dilutive potential common shares:                      
  Stock options and restricted stock units and awards   7,758     4,075     7,019     3,769
  Shares held in deferred compensation plans   1,352     1,215     1,338     1,208
  Conversion of preferred stock   ---     ---     ---     ---
Dilutive potential common shares:   9,110     5,290     8,357     4,977
  Total diluted average common shares issued and outstanding   843,840     867,551     846,274     868,357
Diluted earnings per common share $ 0.17   $ 0.17   $ 0.34   $ 0.33