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Net income per common share | 3 Months Ended
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Mar. 31, 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 ended March 31, 2023 and 2022 : Quarters ended March 31, (In thousands, except per share information) 2023 2022 Net income $ 158,979 $ 211,686 Preferred stock dividends (353) (353) Net income applicable to common stock $ 158,626 $ 211,333 Average common shares outstanding 71,541,778 78,443,706 Average potential dilutive common shares 64,418 151,757 Average common shares outstanding - assuming dilution 71,606,196 78,595,463 Basic EPS $ 2.22 $ 2.69 Diluted EPS $ 2.22 $ 2.69 For the quarters ended March 31, 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.

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