EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

NOTE 17 — 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,
	2024		2023		2024		2023
Net income	$	639	$	752	$	2,077	$	10,952
Preferred stock dividends	15		15		46		44
Net income available to common stockholders	$	624	$	737	$	2,031	$	10,908
Weighted average common shares outstanding
Basic shares outstanding	14,375,974		14,528,310		14,480,874		14,527,718
Stock-based awards	—		10,823		1,045		11,665
Diluted shares outstanding	14,375,974		14,539,133		14,481,919		14,539,383
Earnings per common share
Basic	$	43.42	$	50.71	$	140.27	$	750.79
Diluted	$	43.42	$	50.67	$	140.26	$	750.19