Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2012

Earnings per Common Share

Schedule of basic and diluted EPS

	For the three months ended				For the nine months ended
	September 30,				September 30,
(in thousands, except per share amounts)	2012		2011		2012		2011
Basic EPS:
Net income attributable to City National Corporation	$	59,780	$	41,398	$	160,803	$	128,561
Less: Earnings allocated to participating securities	842		655		2,380		1,988
Earnings allocated to common shareholders	$	58,938	$	40,743	$	158,423	$	126,573
Weighted average common shares outstanding	53,425		52,481		53,092		52,422
Basic earnings per common share	$	1.10	$	0.78	$	2.98	$	2.41
Diluted EPS:
Earnings allocated to common shareholders (1)	$	58,941	$	40,745	$	158,432	$	126,586
Weighted average common shares outstanding	53,425		52,481		53,092		52,422
Dilutive effect of equity awards	286		239		284		460
Weighted average diluted common shares outstanding	53,711		52,720		53,376		52,882
Diluted earnings per common share	$	1.10	$	0.77	$	2.97	$	2.39

(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 purposes of calculating diluted EPS.