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Earnings Per Common Share
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Common Share

NOTE 21. EARNINGS PER COMMON SHARE

The following table presents the computation of basic and diluted earnings per common share for the years ended December 31 (dollars in millions, except per share amounts, and shares in thousands):

 

 

 

2024

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

180

 

 

$

171

 

 

$

155

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average number of common shares outstanding-basic

 

 

78,725

 

 

 

76,396

 

 

 

72,989

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Performance and restricted stock awards

 

 

95

 

 

 

100

 

 

 

104

 

Weighted-average number of common shares outstanding-diluted

 

 

78,820

 

 

 

76,495

 

 

 

73,093

 

Earnings per common share (1):

 

 

 

 

 

 

 

 

 

Basic

 

$

2.29

 

 

$

2.24

 

 

$

2.13

 

Diluted

 

$

2.29

 

 

$

2.24

 

 

$

2.12

 

 

(1)
Per share amounts may not recalculate due to rounding of numerator and denominator amounts within this table.

There were no shares excluded from the calculation because they were antidilutive.