Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2013

Earnings per Common Share

Schedule of basic and diluted EPS

	For the three months ended March 31,
(in thousands, except per share amounts)	2013		2012
Basic EPS:
Net income attributable to City National Corporation	$	51,523	$	46,265
Less: Dividends on preferred stock	2,406		—
Net income available to common shareholders	$	49,117	$	46,265
Less: Earnings allocated to participating securities	637		738
Earnings allocated to common shareholders	$	48,480	$	45,527
Weighted average common shares outstanding	53,731		52,741
Basic earnings per common share	$	0.90	$	0.86
Diluted EPS:
Earnings allocated to common shareholders (1)	$	48,484	$	45,530
Weighted average common shares outstanding	53,731		52,741
Dilutive effect of equity awards	337		280
Weighted average diluted common shares outstanding	54,068		53,021
Diluted earnings per common share	$	0.90	$	0.86

(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.