| Basic and diluted earnings loss per share |
The calculation of basic and diluted earnings per share for each of the three-month and nine-month periods ended September 30, 2013 and 2012, was as follows:
| |
|
Three Months Ended |
|
Nine Months Ended |
| |
|
|
September 30, |
|
|
September 30, |
| (dollar amounts in thousands, except per share amounts) |
|
2013 |
|
|
2012 |
|
|
2013 |
|
|
2012 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
| Net income |
$ |
178,487 |
|
$ |
167,767 |
|
$ |
480,918 |
|
$ |
473,743 |
| Preferred stock dividends |
|
(7,967) |
|
|
(7,983) |
|
|
(23,904) |
|
|
(24,016) |
| |
Net income available to common shareholders |
$ |
170,520 |
|
$ |
159,784 |
|
$ |
457,014 |
|
$ |
449,727 |
| Average common shares issued and outstanding |
|
830,398 |
|
|
857,871 |
|
|
835,410 |
|
|
861,543 |
| Basic earnings per common share |
$ |
0.21 |
|
$ |
0.19 |
|
$ |
0.55 |
|
$ |
0.52 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
| Net income available to common shareholders |
$ |
170,520 |
|
$ |
159,784 |
|
$ |
457,014 |
|
$ |
449,727 |
| Effect of assumed preferred stock conversion |
|
--- |
|
|
--- |
|
|
--- |
|
|
--- |
| |
Net income applicable to diluted earnings per share |
$ |
170,520 |
|
$ |
159,784 |
|
$ |
457,014 |
|
$ |
449,727 |
| Average common shares issued and outstanding |
|
830,398 |
|
|
857,871 |
|
|
835,410 |
|
|
861,543 |
| Dilutive potential common shares: |
|
|
|
|
|
|
|
|
|
|
|
| |
Stock options and restricted stock units and awards |
|
9,254 |
|
|
4,479 |
|
|
7,764 |
|
|
4,007 |
| |
Shares held in deferred compensation plans |
|
1,373 |
|
|
1,238 |
|
|
1,350 |
|
|
1,218 |
| |
Conversion of preferred stock |
|
--- |
|
|
--- |
|
|
--- |
|
|
--- |
| Dilutive potential common shares: |
|
10,627 |
|
|
5,717 |
|
|
9,114 |
|
|
5,225 |
| |
Total diluted average common shares issued and outstanding |
|
841,025 |
|
|
863,588 |
|
|
844,524 |
|
|
866,768 |
| Diluted earnings per common share |
$ |
0.20 |
|
$ |
0.19 |
|
$ |
0.54 |
|
$ |
0.52 |
|