Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

TABLE 20.1

Year Ended December 31	2018		2017		2016
(dollars in millions, except per share data)
Net income	$	373	$	199	$	171
Less: Preferred stock dividends	8		8		8
Net income available to common stockholders	$	365	$	191	$	163
Basic weighted average common shares outstanding	324,207,198		302,195,295		206,244,498
Net effect of dilutive stock options, warrants and restricted stock	1,416,405		1,662,681		1,524,111
Diluted weighted average common shares outstanding	325,623,603		303,857,976		207,768,609
Earnings per common share:
Basic	$	1.13	$	0.63	$	0.79
Diluted	$	1.12	$	0.63	$	0.78

Schedule of Average Shares Excluded from Diluted Earnings Per Common Share Calculation

The following table shows the average shares excluded from the above calculation as their effect would have been anti-dilutive:

TABLE 20.2

Year Ended December 31	2018	2017	2016
Average shares excluded from the diluted earnings per common share calculation	81	910	9,980