Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.5.0.2
EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Basic and diluted earnings loss per share
The calculation of basic and diluted earnings per share for the three and nine-month periods ended September 30, 2016 and 2015, was as follows:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(dollar amounts in thousands, except per share amounts)
2016
 
2015
 
2016
 
2015
Basic earnings per common share:
 
 
 
 
 
 
 
Net income
$
127,004

 
$
152,588

 
$
472,858

 
$
514,648

Preferred stock dividends
(18,537
)
 
(7,968
)
 
(46,409
)
 
(23,901
)
Net income available to common shareholders
$
108,467

 
$
144,620

 
$
426,449

 
$
490,747

Average common shares issued and outstanding
938,578

 
800,883

 
844,167

 
805,851

Basic earnings per common share
$
0.12

 
$
0.18

 
$
0.51

 
$
0.61

Diluted earnings per common share:
 
 
 
 
 
 
 
Net income available to common shareholders
$
108,467

 
$
144,620

 
$
426,449

 
$
490,747

Effect of assumed preferred stock conversion

 

 

 

Net income applicable to diluted earnings per share
$
108,467

 
$
144,620

 
$
426,449

 
$
490,747

Average common shares issued and outstanding
938,578

 
800,883

 
844,167

 
805,851

Dilutive potential common shares:
 
 
 
 
 
 
 
Stock options and restricted stock units and awards
10,714

 
11,285

 
10,295

 
11,554

Shares held in deferred compensation plans
2,654

 
1,997

 
2,337

 
1,872

Other
135

 
161

 
135

 
181

Dilutive potential common shares:
13,503

 
13,443

 
12,767

 
13,607

Total diluted average common shares issued and outstanding
952,081

 
814,326

 
856,934

 
819,458

Diluted earnings per common share
$
0.11

 
$
0.18

 
$
0.50

 
$
0.60