| 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) |
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
|
|
|
|
|
|
|
|
| Basic earnings per common share: |
|
|
|
|
|
|
|
|
| Net income |
$ |
632,392 |
|
$ |
641,282 |
|
$ |
631,290 |
| Preferred stock dividends, deemed dividends and accretion of discount |
|
(31,854) |
|
|
(31,869) |
|
|
(31,989) |
|
Net income available to common shareholders |
$ |
600,538 |
|
$ |
609,413 |
|
$ |
599,301 |
| Average common shares issued and outstanding |
|
819,917 |
|
|
834,205 |
|
|
857,962 |
| Basic earnings per common share |
$ |
0.73 |
|
$ |
0.73 |
|
$ |
0.70 |
|
|
|
|
|
|
|
|
|
|
| Diluted earnings per common share |
|
|
|
|
|
|
|
|
| Net income available to common shareholders |
$ |
600,538 |
|
$ |
609,413 |
|
$ |
599,301 |
| Effect of assumed preferred stock conversion |
|
--- |
|
|
--- |
|
|
--- |
|
Net income applicable to diluted earnings per share |
$ |
600,538 |
|
$ |
609,413 |
|
$ |
599,301 |
| Average common shares issued and outstanding |
|
819,917 |
|
|
834,205 |
|
|
857,962 |
| Dilutive potential common shares: |
|
|
|
|
|
|
|
|
|
Stock options and restricted stock units and awards |
|
11,421 |
|
|
8,418 |
|
|
4,202 |
|
Shares held in deferred compensation plans |
|
1,420 |
|
|
1,351 |
|
|
1,238 |
|
Other |
|
323 |
|
|
--- |
|
|
--- |
| Dilutive potential common shares: |
|
13,164 |
|
|
9,769 |
|
|
5,440 |
|
Total diluted average common shares issued and outstanding |
|
833,081 |
|
|
843,974 |
|
|
863,402 |
| Diluted earnings per common share |
$ |
0.72 |
|
$ |
0.72 |
|
$ |
0.69 |
|