Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Reconciliation Of Earnings/(Loss) Per Common And Diluted Share

The following table provides reconciliations of net income to net income available to common shareholders and the difference between average basic common shares outstanding and average diluted common shares outstanding:


	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars and shares in thousands, except per share data)	2020		2019		2020		2019
Net income	$	539,038	$	113,943	$	612,175	$	331,090
Net income attributable to noncontrolling interest	2,977		2,883		8,680		8,555
Net income attributable to controlling interest	536,061		111,060		603,495		322,535
Preferred stock dividends	12,722		1,550		15,822		4,650
Net income available to common shareholders	$	523,339	$	109,510	$	587,673	$	317,885

Weighted average common shares outstanding—basic	549,690		311,888		391,699		314,442
Effect of dilutive securities	1,156		1,917		1,014		1,959
Weighted average common shares outstanding—diluted	550,846		313,805		392,713		316,401

Net income per share available to common shareholders	$	0.95	$	0.35	$	1.50	$	1.01
Diluted income per share available to common shareholders	$	0.95	$	0.35	$	1.50	$	1.00

Schedule of Anti-Dilutive Options and Awards

The following table presents outstanding options and other equity awards that were excluded from the calculation of diluted earnings per share because they were either anti-dilutive (the exercise price was higher than the weighted-average market price for the period) or the performance conditions have not been met:


	Three Months Ended September 30,				Nine Months Ended September 30,
(Shares in thousands)	2020		2019		2020		2019
Stock options excluded from the calculation of diluted EPS	8,306		1,883		4,564		2,413
Weighted average exercise price of stock options excluded from the calculation of diluted EPS	$	15.32	$	21.21	$	17.05	$	21.36
Other equity awards excluded from the calculation of diluted EPS	6,824		2,094		4,826		1,815