Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2011

Earnings per Common Share

Schedule of basic and diluted EPS

	For the three months ended September 30,				For the nine months ended September 30,
(in thousands, except per share amounts)	2011		2010		2011		2010
Basic EPS:
Net income attributable to City National Corporation	$	41,398	$	34,418	$	128,561	$	91,434
Less: Dividends and accretion on preferred stock	—		—		—		5,702
Net income available to common shareholders	$	41,398	$	34,418	$	128,561	$	85,732
Less: Earnings allocated to participating securities	655		447		1,988		1,078
Earnings allocated to common shareholders	$	40,743	$	33,971	$	126,573	$	84,654
Weighted average common shares outstanding	52,481		52,105		52,422		51,937
Basic earnings per common share	$	0.78	$	0.65	$	2.41	$	1.63
Diluted EPS:
Earnings allocated to common shareholders (1)	$	40,745	$	33,974	$	126,586	$	84,661
Weighted average common shares outstanding	52,481		52,105		52,422		51,937
Dilutive effect of equity awards	239		393		460		454
Weighted average diluted common shares outstanding	52,720		52,498		52,882		52,391
Diluted earnings per common share	$	0.77	$	0.65	$	2.39	$	1.62

(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.