EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2023

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 less preferred stock dividends. Diluted EPS is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during each period, inclusive of potential dilutive shares such as share-based payment awards and warrants using the treasury stock method.


	Year Ended December 31,
(dollars in millions, except per share data)	2023	2022	2021
Numerator (basic and diluted):
Net income	$1,608	$2,073	$2,319
Less: Preferred stock dividends	117	113	113
Net income available to common stockholders	$1,491	$1,960	$2,206
Denominator:
Weighted-average common shares outstanding - basic	475,089,384	475,959,815	425,669,451
Dilutive common shares: share-based awards	1,603,764	1,843,327	1,766,367
Weighted-average common shares outstanding - diluted	476,693,148	477,803,142	427,435,818
Earnings per common share:
Basic	$3.14	$4.12	$5.18
Diluted(1)	3.13	4.10	5.16

(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 2,210,857, 949,606 and 2,929 for the years ended December 31, 2023, 2022 and 2021, respectively.