Common and Preferred Stock *

Presented below is a summary of the components used to calculate basic and diluted income per share. The Company applies the two-class method of computing income per share, as nonvested share-based awards that contain nonforfeitable rights to dividends are considered securities which participate in undistributed earnings with common stock. The two-class method requires the calculation of separate income per share amounts for the nonvested share-based awards and for common stock. Income per share attributable to common stock is shown in the table below. Nonvested share-based awards are further discussed in Note 12.



	For the Three Months Ended June 30				For the Six Months Ended June 30
(In thousands, except per share data)	2016		2015		2016		2015
Basic income per common share:
Net income available to common shareholders	$	67,643	$	72,103	$	130,767	$	130,908
Less income allocated to nonvested restricted stock	940		997		1,834		1,793
Net income allocated to common stock	$	66,703	$	71,106	$	128,933	$	129,115
Weighted average common shares outstanding	95,382		99,099		95,474		99,573
Basic income per common share	$	.70	$	.72	$	1.35	$	1.30
Diluted income per common share:
Net income available to common shareholders	$	67,643	$	72,103	$	130,767	$	130,908
Less income allocated to nonvested restricted stock	938		995		1,831		1,789
Net income allocated to common stock	$	66,705	$	71,108	$	128,936	$	129,119
Weighted average common shares outstanding	95,382		99,099		95,474		99,573
Net effect of the assumed exercise of stock-based awards - based on
the treasury stock method using the average market price for the respective periods	249		338		232		327
Weighted average diluted common shares outstanding	95,631		99,437		95,706		99,900
Diluted income per common share	$	.70	$	.72	$	1.35	$	1.30

Unexercised stock options and stock appreciation rights of 198 thousand and 377 thousand were excluded in the computation of diluted income per common share for the six month periods ended June 30, 2016 and 2015, respectively, because their inclusion would have been anti-dilutive.

The Company also has 6,000,000 depositary shares outstanding, representing 6,000 shares of 6.00% Series B Non-Cumulative Perpetual Preferred Stock, par value $1.00 per share, having an aggregate liquidation preference of $150.0 million (“Series B Preferred Stock”). Each depositary share has a liquidation preference of $25.00 per share. Dividends on the Series B Preferred Stock, if declared, accrue and are payable quarterly, in arrears, at a rate of 6.00%. The Series B Preferred Stock qualifies as Tier 1 capital for the purposes of the regulatory capital calculations. In the event that the Company does not declare and pay dividends on the Series B Preferred Stock for the most recent dividend period, the ability of the Company to declare or pay dividends on, purchase, redeem or otherwise acquire shares of its common stock or any securities of the Company that rank junior to the Series B Preferred Stock is subject to certain restrictions under the terms of the Series B Preferred Stock.

* All prior year share and per share amounts in this note have been restated for the 5% common stock dividend distributed in December 2015.