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Earnings Per Common Share | 3 Months Ended
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Mar. 31, 2022
Earnings Per Share [Abstract] |
Earnings Per Common Share | EARNINGS PER COMMON SHARE The following table sets forth the computation of the basic and diluted earnings per common share: Earnings per Common Share
| Three months ended March 31,
dollars in millions, except share and per share data | 2022 |  | 2021
Net income | $ | 271 |  |  | $ | 147 |
Preferred stock dividends | 7 |  |  | 4 |
Net income available to common stockholders | $ | 264 |  |  | $ | 143 |
Weighted Average Common Shares Outstanding |  |  |
Basic shares outstanding | 15,779,153 |  |  | 9,816,405 |
Stock-based awards | — |  |  | — |
Diluted shares outstanding | 15,779,153 |  |  | 9,816,405 |
Basic income per common share | $ | 16.70 |  |  | $ | 14.53 |
Diluted income per common share | $ | 16.70 |  |  | $ | 14.53 |
BancShares RSUs are discussed in Note 21— Employee Benefit Plans.

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