| Basic and diluted earnings loss per share |
The calculation of basic and diluted earnings per share for each of the three-month and nine-month periods ended September 30, 2014 and 2013, was as follows:
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
| (dollar amounts in thousands, except per share amounts) |
|
2014 |
|
|
2013 |
|
|
2014 |
|
|
2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
| Net income |
$ |
155,016 |
|
$ |
178,836 |
|
$ |
468,778 |
|
$ |
483,110 |
| Preferred stock dividends |
|
(7,964) |
|
|
(7,967) |
|
|
(23,891) |
|
|
(23,904) |
|
Net income available to common shareholders |
$ |
147,052 |
|
$ |
170,869 |
|
$ |
444,887 |
|
$ |
459,206 |
| Average common shares issued and outstanding |
|
816,497 |
|
|
830,398 |
|
|
820,884 |
|
|
835,410 |
| Basic earnings per common share |
$ |
0.18 |
|
$ |
0.21 |
|
$ |
0.54 |
|
$ |
0.55 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
| Net income available to common shareholders |
$ |
147,052 |
|
$ |
170,869 |
|
$ |
444,887 |
|
$ |
459,206 |
| Effect of assumed preferred stock conversion |
|
--- |
|
|
--- |
|
|
--- |
|
|
--- |
|
Net income applicable to diluted earnings per share |
$ |
147,052 |
|
$ |
170,869 |
|
$ |
444,887 |
|
$ |
459,206 |
| Average common shares issued and outstanding |
|
816,497 |
|
|
830,398 |
|
|
820,884 |
|
|
835,410 |
| Dilutive potential common shares: |
|
|
|
|
|
|
|
|
|
|
|
|
Stock options and restricted stock units and awards |
|
11,367 |
|
|
9,254 |
|
|
11,397 |
|
|
7,764 |
|
Shares held in deferred compensation plans |
|
1,506 |
|
|
1,373 |
|
|
1,443 |
|
|
1,350 |
|
Other |
|
253 |
|
|
--- |
|
|
203 |
|
|
--- |
| Dilutive potential common shares: |
|
13,126 |
|
|
10,627 |
|
|
13,043 |
|
|
9,114 |
|
Total diluted average common shares issued and outstanding |
|
829,623 |
|
|
841,025 |
|
|
833,927 |
|
|
844,524 |
| Diluted earnings per common share |
$ |
0.18 |
|
$ |
0.20 |
|
$ |
0.53 |
|
$ |
0.54 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|