EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2019

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 14.1

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in millions, except per share data)	2019		2018		2019		2018
Net income	$	103	$	101	$	292	$	273
Less: Preferred stock dividends	2		2		6		6
Net income available to common stockholders	$	101	$	99	$	286	$	267
Basic weighted average common shares outstanding	325,031,140		324,435,939		324,875,436		324,118,236
Net effect of dilutive stock options, warrants and restricted stock	1,068,730		1,217,192		893,725		1,556,470
Diluted weighted average common shares outstanding	326,099,870		325,653,131		325,769,161		325,674,706
Earnings per common share:
Basic	$	0.31	$	0.30	$	0.88	$	0.82
Diluted	$	0.31	$	0.30	$	0.88	$	0.82

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 14.2

	Three Months Ended September 30,		Nine Months Ended September 30,
	2019	2018	2019	2018
Average shares excluded from the diluted earnings per common share calculation	1	86	122	59