| Basic and diluted earnings loss per share |
The calculation of basic and diluted earnings per share for each of the three-month periods ended March 31, 2014 and 2013, was as follows:
| |
|
|
Three Months Ended |
| |
|
|
|
March 31, |
| (dollar amounts in thousands, except per share amounts) |
|
|
2014 |
|
|
2013 |
| |
|
|
|
|
|
|
|
| Basic earnings per common share: |
|
|
|
|
|
|
| Net income |
|
$ |
149,143 |
|
$ |
153,274 |
| Preferred stock dividends |
|
|
(7,964) |
|
|
(7,970) |
| |
Net income available to common shareholders |
|
$ |
141,179 |
|
$ |
145,304 |
| Average common shares issued and outstanding |
|
|
829,659 |
|
|
841,103 |
| Basic earnings per common share |
|
$ |
0.17 |
|
$ |
0.17 |
| |
|
|
|
|
|
|
|
| Diluted earnings per common share: |
|
|
|
|
|
|
| Net income available to common shareholders |
|
$ |
141,179 |
|
$ |
145,304 |
| Effect of assumed preferred stock conversion |
|
|
--- |
|
|
--- |
| |
Net income applicable to diluted earnings per share |
|
$ |
141,179 |
|
$ |
145,304 |
| Average common shares issued and outstanding |
|
|
829,659 |
|
|
841,103 |
| Dilutive potential common shares: |
|
|
|
|
|
|
| |
Stock options and restricted stock units and awards |
|
|
11,456 |
|
|
6,281 |
| |
Shares held in deferred compensation plans |
|
|
1,256 |
|
|
1,324 |
| |
Other |
|
|
306 |
|
|
--- |
| Dilutive potential common shares: |
|
|
13,018 |
|
|
7,605 |
| |
Total diluted average common shares issued and outstanding |
|
|
842,677 |
|
|
848,708 |
| Diluted earnings per common share |
|
$ |
0.17 |
|
$ |
0.17 |
| |
|
|
|
|
|
|
|
|