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Net income per common share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share  
Net Income (Loss) Per Common Share
Note 25 – 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
 
ended
March 31, 2024 and 2023
:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarters ended March 31,
(In thousands, except per share information)
2024
2023
Net income
$
103,283
$
158,979
Preferred stock dividends
(353)
(353)
Net income applicable to common stock
$
102,930
$
158,626
Average common shares outstanding
71,869,735
71,541,778
Average potential dilutive common shares
 
97,068
64,418
Average common shares outstanding - assuming dilution
71,966,803
71,606,196
Basic EPS
$
1.43
$
2.22
Diluted EPS
$
1.43
$
2.22
For the quarters
 
ended March 31, 2024 and
 
2023, 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,
 
2023.
 
For
 
a
 
discussion
 
of
 
the
 
calculation
 
under
 
the
 
treasury
 
stock
 
method,
 
refer
 
to
 
Note
 
31
 
of
 
the
 
Consolidated
Financial Statements included in the 2023 Form 10-K.