Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Computations of Basic Earnings Per Common Share

The computations of basic earnings per common share follow:

	Three months ended June 30						Six months ended June 30
	2013			2012			2013			2012
	(in thousands, except per share)
Income available to common shareholders:
Net income	$	348,466			233,380		$	622,579			439,843
Less: Preferred stock dividends (a)		(13,362	)		(13,362	)		(26,725	)		(26,725	)
Amortization of preferred stock discount (a)		(2,193	)		(1,964	)		(4,340	)		(3,888	)
Net income available to common equity		332,911			218,054			591,514			409,230
Less: Income attributable to unvested stock-based compensation awards		(4,373	)		(3,345	)		(7,917	)		(6,283	)
Net income available to common shareholders	$	328,538			214,709		$	583,597			402,947
Weighted-average shares outstanding:
Common shares outstanding (including common stock issuable) and unvested stock-based compensation awards		129,964			127,445			129,708			127,301
Less: Unvested stock-based compensation awards		(1,712	)		(1,957	)		(1,746	)		(1,947	)
Weighted-average shares outstanding		128,252			125,488			127,962			125,354
Basic earnings per common share	$	2.56			1.71		$	4.56			3.21

(a) Including impact of not as yet declared cumulative dividends.

Computations of Diluted Earnings Per Common Share

The computations of diluted earnings per common share follow:

	Three months ended June 30						Six months ended June 30
	2013			2012			2013			2012
	(in thousands, except per share)
Net income available to common equity	$	332,911			218,054		$	591,514			409,230
Less: Income attributable to unvested stock-based compensation awards		(4,354	)		(3,338	)		(7,881	)		(6,272	)
Net income available to common shareholders	$	328,557			214,716		$	583,633			402,958
Adjusted weighted-average shares outstanding:
Common and unvested stock-based compensation awards		129,964			127,445			129,708			127,301
Less: Unvested stock-based compensation awards		(1,712	)		(1,957	)		(1,746	)		(1,947	)
Plus: Incremental shares from assumed conversion of stock-based compensation awards and warrants to purchase common stock		765			409			866			402
Adjusted weighted-average shares outstanding		129,017			125,897			128,828			125,756
Diluted earnings per common share	$	2.55			1.71		$	4.53			3.20