Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2012

Earnings per Common Share

Schedule of basic and diluted EPS

	For the year ended December 31,
(in thousands, except per share amounts)	2012		2011		2010
Basic EPS:
Net income attributable to City National Corporation	$	208,049	$	172,421	$	131,177
Less: Dividends and accretion on preferred stock		—		—		5,702
Net income available to common shareholders	$	208,049	$	172,421	$	125,475
Less: Earnings allocated to participating securities		3,008		2,678		1,605
Earnings allocated to common shareholders	$	205,041	$	169,743	$	123,870
Weighted average common shares outstanding		53,211		52,439		51,992
Basic earnings per common share	$	3.85	$	3.24	$	2.38
Diluted EPS:
Earnings allocated to common shareholders (1)	$	205,050	$	169,759	$	123,882
Weighted average common shares outstanding		53,211		52,439		51,992
Dilutive effect of equity awards		264		410		463
Weighted average diluted common shares outstanding		53,475		52,849		52,455
Diluted earnings per common share	$	3.83	$	3.21	$	2.36

(1)

Earnings allocated to common shareholders for basic and diluted EPS may differ under the two-class method as a result of adding common stock equivalents for options and warrants to dilutive shares outstanding, which alters the ratio used to allocate earnings to common shareholders and participating securities for the purposes of calculating diluted EPS.