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Net income per common share | 3 Months Ended
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Mar. 31, 2025
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, 2025 and 2024: Quarters ended March 31, (In thousands, except per share information) 2025 2024 Net income $ 177,502 $ 103,283 Preferred stock dividends (353) (353) Net income applicable to common stock $ 177,149 $ 102,930 Average common shares outstanding 69,280,137 71,869,735 Average potential dilutive common shares 27,544 97,068 Average common shares outstanding - assuming dilution 69,307,681 71,966,803 Basic EPS $ 2.56 $ 1.43 Diluted EPS $ 2.56 $ 1.43 For the quarters ended March 31, 2025 and 2024, 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, 2024. For a discussion of the calculation under the treasury stock method, refer to Note 30 of the Consolidated Financial Statements included in the 2024 Form 10-K.

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