| Basic and diluted earnings loss per share |
The calculation of basic and diluted earnings per share for each of the three-month and six-month periods ended June 30, 2012 and 2011, was as follows:
| |
|
Three Months Ended |
|
Six Months Ended |
| |
|
|
June 30, |
|
|
June 30, |
| (dollar amounts in thousands, except per share amounts) |
|
2012 |
|
|
2011 |
|
|
2012 |
|
|
2011 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
| Net income |
$ |
152,706 |
|
$ |
145,918 |
|
$ |
305,976 |
|
$ |
272,364 |
| Preferred stock dividends |
|
(7,984) |
|
|
(7,704) |
|
|
(16,033) |
|
|
(15,407) |
| |
Net income available to common shareholders |
$ |
144,722 |
|
$ |
138,214 |
|
$ |
289,943 |
|
$ |
256,957 |
| Average common shares issued and outstanding |
|
862,261 |
|
|
863,358 |
|
|
863,380 |
|
|
863,358 |
| Basic earnings per common share |
$ |
0.17 |
|
$ |
0.16 |
|
$ |
0.34 |
|
$ |
0.30 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted earnings per common share |
|
|
|
|
|
|
|
|
|
|
|
| Net income available to common shareholders |
$ |
144,722 |
|
$ |
138,214 |
|
$ |
289,943 |
|
$ |
256,957 |
| Effect of assumed preferred stock conversion |
|
--- |
|
|
--- |
|
|
--- |
|
|
--- |
| |
Net income applicable to diluted earnings per share |
$ |
144,722 |
|
$ |
138,214 |
|
$ |
289,943 |
|
$ |
256,957 |
| Average common shares issued and outstanding |
|
862,261 |
|
|
863,358 |
|
|
863,380 |
|
|
863,358 |
| Dilutive potential common shares: |
|
|
|
|
|
|
|
|
|
|
|
| |
Stock options and restricted stock units and awards |
|
4,075 |
|
|
3,171 |
|
|
3,769 |
|
|
3,084 |
| |
Shares held in deferred compensation plans |
|
1,215 |
|
|
940 |
|
|
1,208 |
|
|
911 |
| |
Conversion of preferred stock |
|
--- |
|
|
--- |
|
|
--- |
|
|
--- |
| Dilutive potential common shares: |
|
5,290 |
|
|
4,111 |
|
|
4,977 |
|
|
3,995 |
| |
Total diluted average common shares issued and outstanding |
|
867,551 |
|
|
867,469 |
|
|
868,357 |
|
|
867,353 |
| Diluted earnings per common share |
$ |
0.17 |
|
$ |
0.16 |
|
$ |
0.33 |
|
$ |
0.30 |
|