EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2025

NOTE 22 - EARNINGS PER SHARE

Basic EPS is the amount of earnings, adjusted for preferred stock dividends and the impact of issuance costs associated with preferred stock redemptions, available to each share of common stock outstanding during the reporting period. Diluted EPS is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares, which include incremental shares issued for share-based payment awards. Potentially dilutive common shares are excluded from the computation of diluted EPS in periods in which the effect would be antidilutive.


	Year Ended December 31,
(dollars in millions, except per share data)	2025	2024	2023
Numerator (basic and diluted):
Net income	$1,831	$1,509	$1,608
Less: Preferred stock dividends	138	137	117
Less: Impact of preferred stock redemption	5	—	—
Net income available to common stockholders	$1,688	$1,372	$1,491
Denominator:
Weighted-average common shares outstanding - basic	433,173,162	450,678,038	475,089,384
Dilutive common shares: share-based awards	3,717,569	2,832,207	1,603,764
Weighted-average common shares outstanding - diluted	436,890,731	453,510,245	476,693,148
Earnings per common share:
Basic	$3.90	$3.05	$3.14
Diluted(1)	3.86	3.03	3.13

(1) Excluded from the computation of diluted EPS were weighted-average antidilutive shares totaling 24,574, 330,950, and 2,210,857 for the years ended December 31, 2025, 2024, and 2023, respectively.