Net income per common share

6 Months Ended

Jun. 30, 2023

Earnings Per Share

Net Income (Loss) Per Common Share

Note 26 – Net income per common share

The following table sets forth the computation of net income per common share (“EPS”), basic and diluted, for the quarters and six

months ended June 30, 2023 and 2022:

Quarters ended June 30,

Six months ended June 30,

(In thousands, except per share information)

2023

2022

2023

2022

Net income

$

151,160

$

211,421

$

310,139

$

423,107

Preferred stock dividends

(353)

(353)

(706)

(706)

Net income applicable to common stock

$

150,807

$

211,068

$

309,433

$

422,401

Average common shares outstanding

71,690,396

76,171,784

71,616,498

77,301,469

Average potential dilutive common shares 

18,807

115,099

47,805

124,805

Average common shares outstanding - assuming dilution

71,709,203

76,286,883

71,664,303

77,426,274

Basic EPS

$

2.10

$

2.77

$

4.32

$

5.46

Diluted EPS

$

2.10

$

2.77

$

4.32

$

5.46

For the quarters and six months ended June 30, 2023 and 2022, the Corporation calculated the impact of potential dilutive common

shares under the treasury stock method, consistent with the method used for the preparation of the financial statements for the year

ended December 31, 2022. For a discussion of the calculation under the treasury stock method, refer to Note 31 of the Consolidated

Financial Statements included in the 2022 Form 10-K.