Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2014

Earnings per Common Share

Schedule of basic and diluted EPS

	For the year ended December 31,
(in thousands, except per share amounts)	2014		2013		2012
Basic EPS:
Net income attributable to City National Corporation	$	255,819	$	230,009	$	208,049
Less: Dividends on preferred stock		16,375		9,625		—
Net income available to common shareholders	$	239,444	$	220,384	$	208,049
Less: Earnings allocated to participating securities		2,402		2,555		3,008
Earnings allocated to common shareholders	$	237,042	$	217,829	$	205,041
Weighted-average common shares outstanding		54,959		54,139		53,211
Basic earnings per common share	$	4.31	$	4.02	$	3.85
Diluted EPS:
Earnings allocated to common shareholders (1)	$	237,063	$	217,848	$	205,050
Weighted-average common shares outstanding		54,959		54,139		53,211
Dilutive effect of equity awards		732		501		264
Weighted-average diluted common shares outstanding		55,691		54,640		53,475
Diluted earnings per common share	$	4.26	$	3.99	$	3.83

(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 to dilutive shares outstanding, which alters the ratio used to allocate earnings to common shareholders and participating securities for the purpose of calculating diluted EPS.