| Basic and diluted earnings loss per share |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended |
|
|
Six Months Ended |
|
| |
|
June 30, |
|
|
June 30, |
|
| (dollar amounts in thousands, except per share amounts) |
|
2011 |
|
|
2010 |
|
|
2011 |
|
|
2010 |
|
|
Basic earnings per common share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$ |
145,918 |
|
|
$ |
48,764 |
|
|
$ |
272,364 |
|
|
$ |
88,501 |
|
|
Preferred stock dividends, deemed dividend and accretion of discount
|
|
|
(7,704 |
) |
|
|
(29,426 |
) |
|
|
(15,407 |
) |
|
|
(58,783 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income available to common shareholders
|
|
$ |
138,214 |
|
|
$ |
19,338 |
|
|
$ |
256,957 |
|
|
$ |
29,718 |
|
|
Average common shares issued and outstanding
|
|
|
863,358 |
|
|
|
716,580 |
|
|
|
863,358 |
|
|
|
716,450 |
|
|
Basic earnings per common share
|
|
$ |
0.16 |
|
|
$ |
0.03 |
|
|
$ |
0.30 |
|
|
$ |
0.04 |
|
|
Diluted earnings per common share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income available to common shareholders
|
|
$ |
138,214 |
|
|
$ |
19,338 |
|
|
$ |
256,957 |
|
|
$ |
29,718 |
|
|
Effect of assumed preferred stock conversion
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income applicable to diluted earnings per share
|
|
$ |
138,214 |
|
|
$ |
19,338 |
|
|
$ |
256,957 |
|
|
$ |
29,718 |
|
|
Average common shares issued and outstanding
|
|
|
863,358 |
|
|
|
716,580 |
|
|
|
863,358 |
|
|
|
716,450 |
|
|
Dilutive potential common shares:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options and restricted stock units and awards
|
|
|
3,171 |
|
|
|
1,957 |
|
|
|
3,084 |
|
|
|
1,685 |
|
|
Shares held in deferred compensation plans
|
|
|
940 |
|
|
|
850 |
|
|
|
911 |
|
|
|
855 |
|
|
Conversion of preferred stock
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dilutive potential common shares:
|
|
|
4,111 |
|
|
|
2,807 |
|
|
|
3,995 |
|
|
|
2,540 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total diluted average common shares issued and
outstanding
|
|
|
867,469 |
|
|
|
719,387 |
|
|
|
867,353 |
|
|
|
718,990 |
|
|
Diluted earnings per common share
|
|
$ |
0.16 |
|
|
$ |
0.03 |
|
|
$ |
0.30 |
|
|
$ |
0.04 |
|
|