Computation of Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2018

Computation of Basic and Diluted EPS

The following table presents the Company’s computation of basic and diluted EPS for the periods indicated:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in thousands, except share and per share amounts)	2018			2017			2018			2017
Net income available to common shareholders		$99,147			$107,048			$197,492			$211,005
Less: Dividends paid on and earnings allocated to participating securities		(1,267	)		(873	)		(2,524	)		(1,693	)
Earnings applicable to common stock		$97,880			$106,175			$194,968			$209,312
Weighted average common shares outstanding		488,530,527			487,282,404			488,336,395			486,899,209
Basic earnings per common share		$0.20			$0.22			$0.40			$0.43
Earnings applicable to common stock		$97,880			$106,175			$194,968			$209,312
Weighted average common shares outstanding		488,530,527			487,282,404			488,336,395			486,899,209
Potential dilutive common shares		--			--			--			--
Total shares for diluted earnings per share computation		488,530,527			487,282,404			488,336,395			486,899,209
Diluted earnings per common share and common share equivalents		$0.20			$0.22			$0.40			$0.43