Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.2.0.727
Earnings Per Share (Tables)
3 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Basic and diluted earnings loss per share

The calculation of basic and diluted earnings per share for three-month and six-month periods ended June 30, 2015 and 2014, was as follows:

Three Months Ended Six Months Ended
March 31, June 30,
(dollar amounts in thousands, except per share amounts) 2015 2014 2015 2014
Basic earnings per common share:
Net income $ 196,206 $ 164,619 $ 362,060 $ 313,762
Preferred stock dividends (7,968) (7,963) (15,933) (15,927)
Net income available to common shareholders $ 188,238 $ 156,656 $ 346,127 $ 297,835
Average common shares issued and outstanding 806,891 821,546 808,335 825,603
Basic earnings per common share $ 0.23 $ 0.19 $ 0.43 $ 0.36
Diluted earnings per common share:
Net income available to common shareholders $ 188,238 $ 156,656 $ 346,127 $ 297,835
Effect of assumed preferred stock conversion --- --- --- ---
Net income applicable to diluted earnings per share $ 188,238 $ 156,656 $ 346,127 $ 297,835
Average common shares issued and outstanding 806,891 821,546 808,335 825,603
Dilutive potential common shares:
Stock options and restricted stock units and awards 11,250 11,395 11,688 11,426
Shares held in deferred compensation plans 1,912 1,245 1,809 1,249
Other 185 501 191 268
Dilutive potential common shares: 13,347 13,141 13,688 12,943
Total diluted average common shares issued and outstanding 820,238 834,687 822,023 838,546
Diluted earnings per common share $ 0.23 $ 0.19 $ 0.42 $ 0.36