Earnings Per Common Share

9 Months Ended

Sep. 30, 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

dollars in millions, except per share data	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net income	$	315	$	124	$	841	$	424
Preferred stock dividends	12		5		36		14
Net income available to common stockholders	$	303	$	119	$	805	$	410
Weighted average common shares outstanding
Basic shares outstanding	15,711,976		9,816,405		15,849,219		9,816,405
Stock-based awards	16,017		—		18,095		—
Diluted shares outstanding	15,727,993		9,816,405		15,867,314		9,816,405
Earnings per common share
Basic	$	19.27	$	12.17	$	50.76	$	41.79
Diluted	$	19.25	$	12.17	$	50.70	$	41.79

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