Earnings Per Common Share

6 Months Ended

Jun. 30, 2023

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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Net income	$	682	$	255	$	10,200	$	526
Preferred stock dividends	15		17		29		24
Net income available to common stockholders	$	667	$	238	$	10,171	$	502
Weighted average common shares outstanding
Basic shares outstanding	14,528,134		16,023,613		14,527,417		15,918,978
Stock-based awards	9,804		11,477		11,759		18,848
Diluted shares outstanding	14,537,938		16,035,090		14,539,176		15,937,826
Earnings per common share
Basic	$	45.90	$	14.87	$	700.10	$	31.52
Diluted	$	45.87	$	14.86	$	699.53	$	31.48