Net income (loss) per common share

3 Months Ended

Mar. 31, 2016

Earnings Per Share

Net Income (Loss) Per Common Share

Note 28 – Net income per common share

The following table sets forth the computation of net income per common share (“EPS”), basic and diluted, for the quarters ended March 31,2016and 2015:

		Quarters ended March 31,
(In thousands, except per share information)		2016		2015
Net income from continuing operations	$	84,999	$	73,485
Net income from discontinued operations		-		1,341
Preferred stock dividends		(931)		(930)
Net income applicable to common stock	$	84,068	$	73,896
Average common shares outstanding		103,188,815		102,939,928
Average potential dilutive common shares		80,998		196,381
Average common shares outstanding - assuming dilution		103,269,813		103,136,309
Basic EPS from continuing operations	$	0.81	$	0.71
Basic EPS from discontinued operations	$	―	$	0.01
Total Basic EPS	$	0.81	$	0.72
Diluted EPS from continuing operations	$	0.81	$	0.71
Diluted EPS from discontinued operations	$	―	$	0.01
Total Diluted EPS	$	0.81	$	0.72

For the quarter ended March 31,2016 the Corporation calculated the impact of potential dilutive common shares under the treasury method, consistent with the method used for the preparation of the financial statements for the year ended December 31, 2015. For a discussion of the calculation under the treasury stock method, refer to Note 37 of the consolidated financial statements included in the 2015 Form 10-K.

For the quarters ended March 31,2016 and 2015, there were no stock options outstanding.