Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.8
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2014
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 periods ended March 31, 2014 and 2013, was as follows:

      Three Months Ended
        March 31,
(dollar amounts in thousands, except per share amounts)     2014     2013
               
Basic earnings per common share:            
Net income   $ 149,143   $ 153,274
Preferred stock dividends     (7,964)     (7,970)
  Net income available to common shareholders   $ 141,179   $ 145,304
Average common shares issued and outstanding     829,659     841,103
Basic earnings per common share   $ 0.17   $ 0.17
               
Diluted earnings per common share:            
Net income available to common shareholders   $ 141,179   $ 145,304
Effect of assumed preferred stock conversion     ---     ---
  Net income applicable to diluted earnings per share   $ 141,179   $ 145,304
Average common shares issued and outstanding     829,659     841,103
Dilutive potential common shares:            
  Stock options and restricted stock units and awards     11,456     6,281
  Shares held in deferred compensation plans     1,256     1,324
  Other     306     ---
Dilutive potential common shares:     13,018     7,605
  Total diluted average common shares issued and outstanding     842,677     848,708
Diluted earnings per common share   $ 0.17   $ 0.17