Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v2.4.0.8
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 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 years ended December 31 was as follows:

      Year ended December 31,
(dollar amounts in thousands, except per share amounts)   2013     2012     2011
                   
Basic earnings per common share:                
Net income $ 638,741   $ 641,022   $ 542,613
Preferred stock dividends, deemed dividends and accretion of discount   (31,869)     (31,989)     (30,813)
  Net income available to common shareholders $ 606,872   $ 609,033   $ 511,800
Average common shares issued and outstanding   834,205     857,962     863,691
Basic earnings per common share $ 0.73   $ 0.71   $ 0.59
                   
Diluted earnings per common share                
Net income available to common shareholders $ 606,872   $ 609,033   $ 511,800
Effect of assumed preferred stock conversion   ---     ---     ---
  Net income applicable to diluted earnings per share $ 606,872   $ 609,033   $ 511,800
Average common shares issued and outstanding   834,205     857,962     863,691
Dilutive potential common shares:                
  Stock options and restricted stock units and awards   8,418     4,202     2,916
  Shares held in deferred compensation plans   1,351     1,238     1,017
  Conversion of preferred stock   ---     ---     ---
Dilutive potential common shares:   9,769     5,440     3,933
  Total diluted average common shares issued and outstanding   843,974     863,402     867,624
Diluted earnings per common share $ 0.72   $ 0.71   $ 0.59