EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2023

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

TABLE 22.1


Year Ended December 31	2023		2022		2021
(dollars in millions, except per share data)
Net income	$	485	$	439	$	405
Less: Preferred stock dividends	8		8		8
Net income available to common stockholders	$	477	$	431	$	397
Basic weighted average common shares outstanding	360,743,462		349,976,557		319,791,100
Net effect of dilutive stock options and restricted stock	2,154,344		4,075,640		3,690,388
Diluted weighted average common shares outstanding	362,897,806		354,052,197		323,481,488
Earnings per common share:
Basic	$	1.32	$	1.23	$	1.24
Diluted	$	1.31	$	1.22	$	1.23

There were no anti-dilutive shares for the years ended December 31, 2023, 2022 and 2021.