| 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, 2014 and 2013, was as follows:
| |
|
Three Months Ended |
|
Six Months Ended |
| |
|
|
June 30, |
|
|
June 30, |
| (dollar amounts in thousands, except per share amounts) |
|
2014 |
|
|
2013 |
|
|
2014 |
|
|
2013 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
| Net income |
$ |
164,619 |
|
$ |
151,000 |
|
$ |
313,762 |
|
$ |
304,274 |
| Preferred stock dividends |
|
(7,963) |
|
|
(7,967) |
|
|
(15,927) |
|
|
(15,937) |
| |
Net income available to common shareholders |
$ |
156,656 |
|
$ |
143,033 |
|
$ |
297,835 |
|
$ |
288,337 |
| Average common shares issued and outstanding |
|
821,546 |
|
|
834,730 |
|
|
825,603 |
|
|
837,917 |
| Basic earnings per common share |
$ |
0.19 |
|
$ |
0.17 |
|
$ |
0.36 |
|
$ |
0.34 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
| Net income available to common shareholders |
$ |
156,656 |
|
$ |
143,033 |
|
$ |
297,835 |
|
$ |
288,337 |
| Effect of assumed preferred stock conversion |
|
--- |
|
|
--- |
|
|
--- |
|
|
--- |
| |
Net income applicable to diluted earnings per share |
$ |
156,656 |
|
$ |
143,033 |
|
$ |
297,835 |
|
$ |
288,337 |
| Average common shares issued and outstanding |
|
821,546 |
|
|
834,730 |
|
|
825,603 |
|
|
837,917 |
| Dilutive potential common shares: |
|
|
|
|
|
|
|
|
|
|
|
| |
Stock options and restricted stock units and awards |
|
11,395 |
|
|
7,758 |
|
|
11,426 |
|
|
7,019 |
| |
Shares held in deferred compensation plans |
|
1,245 |
|
|
1,352 |
|
|
1,249 |
|
|
1,338 |
| |
Other |
|
501 |
|
|
--- |
|
|
268 |
|
|
--- |
| Dilutive potential common shares: |
|
13,141 |
|
|
9,110 |
|
|
12,943 |
|
|
8,357 |
| |
Total diluted average common shares issued and outstanding |
|
834,687 |
|
|
843,840 |
|
|
838,546 |
|
|
846,274 |
| Diluted earnings per common share |
$ |
0.19 |
|
$ |
0.17 |
|
$ |
0.36 |
|
$ |
0.34 |
| |
|
|
|
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|
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