Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2015

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) (1)	2015		2014		2015		2014
Basic EPS:
Net income attributable to City National Corporation	$	68,499	$	65,461	$	130,065	$	119,291
Less: Dividends on preferred stock	4,094		4,094		8,188		8,188
Net income available to common shareholders	$	64,405	$	61,367	$	121,877	$	111,103
Less: Earnings allocated to participating securities	561		614		1,092		1,153
Earnings allocated to common shareholders	$	63,844	$	60,753	$	120,785	$	109,950
Weighted-average common shares outstanding	55,748		54,957		55,586		54,824
Basic earnings per common share	$	1.15	$	1.11	$	2.17	$	2.01
Diluted EPS:
Earnings allocated to common shareholders (2)	$	63,850	$	60,759	$	120,797	$	109,959
Weighted-average common shares outstanding	55,748		54,957		55,586		54,824
Dilutive effect of equity awards	915		675		898		717
Weighted-average diluted common shares outstanding	56,663		55,632		56,484		55,541
Diluted earnings per common share	$	1.13	$	1.09	$	2.14	$	1.98

(1)	Certain prior period amounts have been adjusted to reflect the adoption of ASU 2014-01. See Note 1, Summary of Significant Accounting Policies, for further discussion.
(2)	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.