EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2021

NOTE 24 - EARNINGS PER SHARE

Basic EPS is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during each period. Net income available to common stockholders represents net income after preferred stock dividends, accretion of the discount on preferred stock issuances, and gains or losses from any repurchases of preferred stock. Diluted EPS is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during each period, plus potential dilutive shares such as share-based payment awards and warrants using the treasury stock method.


	Year Ended December 31,
(in millions, except share and per share data)	2021	2020	2019
Numerator (basic and diluted):
Net income	$2,319	$1,057	$1,791
Less: Preferred stock dividends	113	107	73
Net income available to common stockholders	$2,206	$950	$1,718
Denominator:
Weighted-average common shares outstanding - basic	425,669,451	427,062,537	449,731,453
Dilutive common shares: share-based awards	1,766,367	1,095,243	1,482,248
Weighted-average common shares outstanding - diluted	427,435,818	428,157,780	451,213,701
Earnings per common share:
Basic	$5.18	$2.22	$3.82
Diluted(1)	5.16	2.22	3.81

(1) Potential dilutive common shares are excluded from the computation of diluted EPS in the periods where the effect would be antidilutive. Excluded from the computation of diluted EPS were weighted average antidilutive shares totaling 2,929, 1,338,130 and 783 for the years ended December 31, 2021, 2020 and 2019.