EARNINGS PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2022

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 16.1

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in millions, except per share data)	2022		2021		2022		2021
Net income	$	109	$	102	$	162	$	195
Less: Preferred stock dividends	2		2		4		4
Net income available to common stockholders	$	107	$	100	$	158	$	191
Basic weighted average common shares outstanding	351,269,791		319,599,352		347,830,430		320,283,480
Net effect of dilutive stock options, warrants and restricted stock	3,417,278		3,728,813		4,004,504		3,744,783
Diluted weighted average common shares outstanding	354,687,069		323,328,165		351,834,934		324,028,263
Earnings per common share:
Basic	$	0.30	$	0.31	$	0.45	$	0.60
Diluted	$	0.30	$	0.31	$	0.45	$	0.59