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Net income per common share | 9 Months Ended
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Sep. 30, 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 and nine months ended September 30, 2024 and 2023: Quarters ended September 30, Nine months ended September 30, (In thousands, except per share information) 2024 2023 2024 2023 Net income $ 155,323 $ 136,609 $ 436,395 $ 446,748 Preferred stock dividends (353) (353) (1,059) (1,059) Net income applicable to common stock $ 154,970 $ 136,256 $ 435,336 $ 445,689 Average common shares outstanding 71,807,136 71,794,934 71,882,273 71,676,630 Average potential dilutive common shares 21,266 23,168 29,880 59,884 Average common shares outstanding - assuming dilution 71,828,402 71,818,102 71,912,153 71,736,514 Basic EPS $ 2.16 $ 1.90 $ 6.06 $ 6.22 Diluted EPS $ 2.16 $ 1.90 $ 6.05 $ 6.21 For the quarters and nine months ended September 30, 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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