| Basic and diluted earnings loss per share |
The calculation of basic and diluted earnings per share for three-month periods ended March 31, 2016 and 2015, was as follows:
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Three months ended
March 31, |
(dollar amounts in thousands, except per share amounts) |
2016 |
|
2015 |
Basic earnings per common share: |
|
|
|
Net income |
$ |
171,314 |
|
|
$ |
165,854 |
|
Preferred stock dividends |
(7,998 |
) |
|
(7,965 |
) |
Net income available to common shareholders |
$ |
163,316 |
|
|
$ |
157,889 |
|
Average common shares issued and outstanding |
795,755 |
|
|
809,778 |
|
Basic earnings per common share |
$ |
0.21 |
|
|
$ |
0.19 |
|
Diluted earnings per common share: |
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|
|
Net income available to common shareholders |
$ |
163,316 |
|
|
$ |
157,889 |
|
Effect of assumed preferred stock conversion |
— |
|
|
— |
|
Net income applicable to diluted earnings per share |
$ |
163,316 |
|
|
$ |
157,889 |
|
Average common shares issued and outstanding |
795,755 |
|
|
809,778 |
|
Dilutive potential common shares: |
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|
|
Stock options and restricted stock units and awards |
10,385 |
|
|
12,126 |
|
Shares held in deferred compensation plans |
2,075 |
|
|
1,706 |
|
Other |
134 |
|
|
199 |
|
Dilutive potential common shares: |
12,594 |
|
|
14,031 |
|
Total diluted average common shares issued and outstanding |
808,349 |
|
|
823,809 |
|
Diluted earnings per common share |
$ |
0.20 |
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|
$ |
0.19 |
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