| Basic and diluted earnings loss per share |
The calculation of basic and diluted earnings per share for the three-month periods ended March 31, 2017 and 2016, was as follows:
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Three Months Ended
March 31, |
(dollar amounts in thousands, except per share amounts) |
2017 |
|
2016 |
Basic earnings per common share: |
|
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|
Net income |
$ |
208,094 |
|
|
$ |
171,314 |
|
Preferred stock dividends |
(18,878 |
) |
|
(7,998 |
) |
Net income available to common shareholders |
$ |
189,216 |
|
|
$ |
163,316 |
|
Average common shares issued and outstanding |
1,086,374 |
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|
795,755 |
|
Basic earnings per common share |
$ |
0.17 |
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|
$ |
0.21 |
|
Diluted earnings per common share: |
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|
Net income available to common shareholders |
$ |
189,216 |
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|
$ |
163,316 |
|
Effect of assumed preferred stock conversion |
— |
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|
— |
|
Net income applicable to diluted earnings per share |
$ |
189,216 |
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|
$ |
163,316 |
|
Average common shares issued and outstanding |
1,086,374 |
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|
795,755 |
|
Dilutive potential common shares: |
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|
Stock options and restricted stock units and awards |
19,139 |
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|
10,385 |
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Shares held in deferred compensation plans |
2,953 |
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|
2,075 |
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Other |
151 |
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|
134 |
|
Dilutive potential common shares: |
22,243 |
|
|
12,594 |
|
Total diluted average common shares issued and outstanding |
1,108,617 |
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|
808,349 |
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Diluted earnings per common share |
$ |
0.17 |
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|
$ |
0.20 |
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