EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2026

NOTE 15 - 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.

The following table presents the calculation of basic and diluted EPS:


	Three Months Ended March 31,
(dollars in millions, except per share data)	2026	2025
Numerator (basic and diluted):
Net income	$517	$373
Less: Preferred stock dividends	33	33

Net income available to common stockholders	$484	$340
Denominator:
Weighted-average common shares outstanding - basic	425,344,491	438,320,757
Dilutive common shares: share-based awards	4,550,346	3,879,423
Weighted-average common shares outstanding - diluted	429,894,837	442,200,180
Earnings per common share:
Basic	$1.14	$0.78
Diluted(1)	1.13	0.77

(1) Excluded from the computation of diluted EPS were weighted-average antidilutive shares totaling 113,423 and 126,523 for the three months ended March 31, 2026 and 2025, respectively.