Net income per common share

6 Months Ended

Jun. 30, 2024

Earnings Per Share

Net Income (Loss) Per Common Share

Note 25 – 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 and six

months ended June 30, 2024 and 2023:

Quarters ended June 30,

Six months ended June 30,

(In thousands, except per share information)

2024

2023

2024

2023

Net income

$

177,789

$

151,160

$

281,072

$

310,139

Preferred stock dividends

(353)

(353)

(706)

(706)

Net income applicable to common stock

$

177,436

$

150,807

$

280,366

$

309,433

Average common shares outstanding

71,970,773

71,690,396

71,920,254

71,616,498

Average potential dilutive common shares 

21,138

18,807

17,180

47,805

Average common shares outstanding - assuming dilution

71,991,911

71,709,203

71,937,434

71,664,303

Basic EPS

$

2.47

$

2.10

$

3.90

$

4.32

Diluted EPS

$

2.46

$

2.10

$

3.90

$

4.32

For the quarters and six months ended June 30, 2024 and 2023, the Corporation calculated the impact of potential dilutive common

shares under the treasury stock method, consistent with the method used for the preparation of the financial statements for the year

ended December 31, 2023. For a discussion of the calculation under the treasury stock method, refer to Note 31 of the Consolidated

Financial Statements included in the 2023 Form 10-K.