Earnings Per Common Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Common Share

EARNINGS PER COMMON SHARE

The following table sets forth the computation of the basic and diluted earnings per common share:

Earnings per Common Share

	Three months ended March 31,
dollars in millions, except share and per share data	2022		2021
Net income	$	271	$	147
Preferred stock dividends	7		4
Net income available to common stockholders	$	264	$	143
Weighted Average Common Shares Outstanding
Basic shares outstanding	15,779,153		9,816,405
Stock-based awards	—		—
Diluted shares outstanding	15,779,153		9,816,405
Basic income per common share	$	16.70	$	14.53
Diluted income per common share	$	16.70	$	14.53

BancShares RSUs are discussed in Note 21— Employee Benefit Plans.