Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.8
Earnings Per Share (Tables)
3 Months Ended
Sep. 30, 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 and nine-month periods ended September 30, 2014 and 2013, was as follows:

Three Months Ended Nine Months Ended
September 30, September 30,
(dollar amounts in thousands, except per share amounts) 2014 2013 2014 2013
Basic earnings per common share:
Net income $ 155,016 $ 178,836 $ 468,778 $ 483,110
Preferred stock dividends (7,964) (7,967) (23,891) (23,904)
Net income available to common shareholders $ 147,052 $ 170,869 $ 444,887 $ 459,206
Average common shares issued and outstanding 816,497 830,398 820,884 835,410
Basic earnings per common share $ 0.18 $ 0.21 $ 0.54 $ 0.55
Diluted earnings per common share:
Net income available to common shareholders $ 147,052 $ 170,869 $ 444,887 $ 459,206
Effect of assumed preferred stock conversion --- --- --- ---
Net income applicable to diluted earnings per share $ 147,052 $ 170,869 $ 444,887 $ 459,206
Average common shares issued and outstanding 816,497 830,398 820,884 835,410
Dilutive potential common shares:
Stock options and restricted stock units and awards 11,367 9,254 11,397 7,764
Shares held in deferred compensation plans 1,506 1,373 1,443 1,350
Other 253 --- 203 ---
Dilutive potential common shares: 13,126 10,627 13,043 9,114
Total diluted average common shares issued and outstanding 829,623 841,025 833,927 844,524
Diluted earnings per common share $ 0.18 $ 0.20 $ 0.53 $ 0.54