Net income (loss) per common share

6 Months Ended

Jun. 30, 2018

Earnings Per Share

Net Income (Loss) Per Common Share

Note 26 – Net income per common share

The following table sets forth the computation of netincomeper common share (“EPS”), basic and diluted, for the quarters and six months ended June 30,2018and 2017:

		Quarters ended June 30,				Six months ended June 30,
(In thousands, except per share information)		2018		2017		2018		2017
Net income		$	279,783	$	96,226	$	371,107	$	189,171
Preferred stock dividends			(931)		(931)		(1,862)		(1,862)
Net income applicable to common stock		$	278,852	$	95,295	$	369,245	$	187,309
Average common shares outstanding			101,892,402		101,601,552		101,794,914		102,263,593
Average potential dilutive common shares			139,553		107,151		137,563		123,653
Average common shares outstanding -
	assuming dilution		102,031,955		101,708,703		101,932,477		102,387,246
Basic EPS		$	2.74	$	0.94	$	3.63	$	1.83
Diluted EPS		$	2.73	$	0.94	$	3.62	$	1.83

For the quarter and six months ended June 30,2018, the Corporation calculated the impact of potential dilutive common shares under the treasury method, consistent with the method used for the preparation of the financial statements for the year ended December 31, 2017. For a discussion of the calculation under the treasury stock method, refer to Note 35 of the Consolidated Financial Statements included in the 2017 Form 10-K.

For the quarters and six months ended June 30,2018 and 2017, there were no stock options outstanding.