EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of 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 16.1

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in millions, except per share data)	2023		2022		2023		2022
Net income	$	145	$	138	$	434	$	300
Less: Preferred stock dividends	2		2		6		6
Net income available to common stockholders	$	143	$	136	$	428	$	294
Basic weighted average common shares outstanding	360,847,457		350,910,562		360,603,432		348,868,423
Net effect of dilutive stock options and restricted stock	930,968		3,743,917		2,501,504		3,917,702
Diluted weighted average common shares outstanding	361,778,425		354,654,479		363,104,936		352,786,125
Earnings per common share:
Basic	$	0.40	$	0.39	$	1.19	$	0.84
Diluted	$	0.40	$	0.38	$	1.18	$	0.83