EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

TABLE 15.1

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands, except per share data)	2018		2017		2018		2017
Net income	$	100,763	$	77,693	$	272,731	$	175,078
Less: Preferred stock dividends	2,010		2,010		6,030		6,030
Net income available to common stockholders	$	98,753	$	75,683	$	266,701	$	169,048
Basic weighted average common shares outstanding	324,435,939		323,410,932		324,118,236		295,012,986
Net effect of dilutive stock options, warrants and restricted stock	1,217,192		1,493,836		1,556,470		1,639,810
Diluted weighted average common shares outstanding	325,653,131		324,904,768		325,674,706		296,652,796
Earnings per common share:
Basic	$	0.30	$	0.23	$	0.82	$	0.57
Diluted	$	0.30	$	0.23	$	0.82	$	0.57

Schedule of Average Shares Excluded from Diluted Earnings Per Common Share Calculation

The following table shows the average shares excluded from the above calculation as their effect would have been anti-dilutive: 

TABLE 15.2

	Three Months Ended September 30,		Nine Months Ended September 30,
	2018	2017	2018	2017
Average shares excluded from the diluted earnings per common share calculation	86	1,842	59	1,059