Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.7.0.1
EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Basic and diluted earnings loss per share
The calculation of basic and diluted earnings per share for the three-month periods ended March 31, 2017 and 2016, was as follows:
 
Three Months Ended
March 31,
(dollar amounts in thousands, except per share amounts)
2017
 
2016
Basic earnings per common share:
 
 
 
Net income
$
208,094

 
$
171,314

Preferred stock dividends
(18,878
)
 
(7,998
)
Net income available to common shareholders
$
189,216

 
$
163,316

Average common shares issued and outstanding
1,086,374

 
795,755

Basic earnings per common share
$
0.17

 
$
0.21

Diluted earnings per common share:
 
 
 
Net income available to common shareholders
$
189,216

 
$
163,316

Effect of assumed preferred stock conversion

 

Net income applicable to diluted earnings per share
$
189,216

 
$
163,316

Average common shares issued and outstanding
1,086,374

 
795,755

Dilutive potential common shares:
 
 
 
Stock options and restricted stock units and awards
19,139

 
10,385

Shares held in deferred compensation plans
2,953

 
2,075

Other
151

 
134

Dilutive potential common shares:
22,243

 
12,594

Total diluted average common shares issued and outstanding
1,108,617

 
808,349

Diluted earnings per common share
$
0.17

 
$
0.20