Earnings Per Common Share

3 Months Ended

Mar. 31, 2014

Earnings Per Common Share [Abstract]

Earnings Per Common Share

8.Earnings Per Common Share

Basic EPS is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if dilutive potential common shares had been issued. Dilutive potential common shares include, if dilutive, the effect of outstanding stock options and unvested restricted stock awards and units. EPS under the basic and diluted computations is as follows:

	Three Months Ended
	March 31,
	2014		2013
Net income	$	326	$	206
Preferred stock dividends		(8)		(8)
Net income available to common stockholders	$	318	$	198
Weighted-average common shares outstanding — basic		1,299		1,279
Common stock equivalent shares related to stock incentive plans		12		3
Weighted-average common shares outstanding — diluted (1)		1,311		1,282
Basic EPS	$	.24	$	.15
Diluted EPS	$	.24	$	.15

(1) Antidilutive stock options and restricted stock awards excluded from the calculation of diluted EPS totaled17 million and45 million shares for the first quarters of 2014 and 2013, respectively.