EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
(dollars in millions, except per share data)	2022		2021		2022		2021
Net income	$	138	$	111	$	300	$	306
Less: Preferred stock dividends	2		2		6		6
Net income available to common stockholders	$	136	$	109	$	294	$	300
Basic weighted average common shares outstanding	350,910,562		319,512,598		348,868,423		320,023,695
Net effect of dilutive stock options, warrants and restricted stock	3,743,917		3,348,329		3,917,702		3,611,960
Diluted weighted average common shares outstanding	354,654,479		322,860,927		352,786,125		323,635,655
Earnings per common share:
Basic	$	0.39	$	0.34	$	0.84	$	0.94
Diluted	$	0.38	$	0.34	$	0.83	$	0.93