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Net income per common share | 3 Months Ended
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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.

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