| Basic and diluted earnings loss per share |
The calculation of basic and diluted earnings per share for the three-month periods ended March 31, 2015 and 2014, was as follows:
|
|
|
|
Three Months Ended |
|
|
|
|
March 31, |
| (dollar amounts in thousands, except per share amounts) |
|
|
2015 |
|
|
2014 |
|
|
|
|
|
|
|
|
| Basic earnings per common share: |
|
|
|
|
|
|
| Net income |
|
$ |
165,854 |
|
$ |
149,143 |
| Preferred stock dividends |
|
|
(7,965) |
|
|
(7,964) |
|
Net income available to common shareholders |
|
$ |
157,889 |
|
$ |
141,179 |
| Average common shares issued and outstanding |
|
|
809,778 |
|
|
829,659 |
| Basic earnings per common share |
|
$ |
0.19 |
|
$ |
0.17 |
|
|
|
|
|
|
|
|
| Diluted earnings per common share: |
|
|
|
|
|
|
| Net income available to common shareholders |
|
$ |
157,889 |
|
$ |
141,179 |
| Effect of assumed preferred stock conversion |
|
|
--- |
|
|
--- |
|
Net income applicable to diluted earnings per share |
|
$ |
157,889 |
|
$ |
141,179 |
| Average common shares issued and outstanding |
|
|
809,778 |
|
|
829,659 |
| Dilutive potential common shares: |
|
|
|
|
|
|
|
Stock options and restricted stock units and awards |
|
|
12,126 |
|
|
11,456 |
|
Shares held in deferred compensation plans |
|
|
1,706 |
|
|
1,256 |
|
Other |
|
|
199 |
|
|
306 |
| Dilutive potential common shares: |
|
|
14,031 |
|
|
13,018 |
|
Total diluted average common shares issued and outstanding |
|
|
823,809 |
|
|
842,677 |
| Diluted earnings per common share |
|
$ |
0.19 |
|
$ |
0.17 |
|
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|
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|