Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2011

Earnings per Common Share

Schedule of basic and diluted EPS

	For the three months ended June 30,				For the six months ended June 30,
(in thousands, except per share amounts)	2011		2010		2011		2010
Basic EPS:
Net income attributable to City National Corporation	$	47,471	$	41,318	$	87,163	$	57,016
Less: Dividends and accretion on preferred stock	—		—		—		5,702
Net income available to common shareholders	$	47,471	$	41,318	$	87,163	$	51,314
Less: Earnings allocated to participating securities	759		535		1,333		635
Earnings allocated to common shareholders	$	46,712	$	40,783	$	85,830	$	50,679
Weighted average common shares outstanding	52,462		52,012		52,392		51,852
Basic earnings per common share	$	0.89	$	0.78	$	1.64	$	0.98
Diluted EPS:
Earnings allocated to common shareholders (1)	$	46,718	$	40,787	$	85,841	$	50,684
Weighted average common shares outstanding	52,462		52,012		52,392		51,852
Dilutive effect of equity awards	515		530		539		484
Weighted average diluted common shares outstanding	52,977		52,542		52,931		52,336
Diluted earnings per common share	$	0.88	$	0.78	$	1.62	$	0.97

(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.