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Net income per common share | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share |
Net Income (Loss) Per Common Share | Note 23 – 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, 2025 and 2024: Quarters ended September 30, Nine months ended September 30, (In thousands, except per share information) 2025 2024 2025 2024 Net income $ 211,317 $ 155,323 $ 599,259 $ 436,395 Preferred stock dividends (353) (353) (1,059) (1,059) Net income applicable to common stock $ 210,964 $ 154,970 $ 598,200 $ 435,336 Average common shares outstanding 67,058,260 71,807,136 68,121,447 71,882,273 Average potential dilutive common shares 35,554 21,266 22,239 29,880 Average common shares outstanding - assuming dilution 67,093,814 71,828,402 68,143,686 71,912,153 Basic EPS $ 3.15 $ 2.16 $ 8.78 $ 6.06 Diluted EPS $ 3.14 $ 2.16 $ 8.78 $ 6.05 For the quarters and nine months ended September 30, 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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