Computation of Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2018

The following table presents the Company’s computation of basic and diluted EPS for the periods indicated:


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(in thousands, except share and per share amounts)	2018			2017			2018			2017
Net income available to common shareholders		$98,565			$102,261			$296,057			$313,266
Less: Dividends paid on and earnings allocated to participating securities		(1,219	)		(823	)		(3,735	)		(2,512	)

Earnings applicable to common stock		$97,346			$101,438			$292,322			$310,754


Weighted average common shares outstanding		488,476,340			487,274,303			488,383,554			487,025,614

Basic earnings per common share		$0.20			$0.21			$0.60			$0.64


Earnings applicable to common stock		$97,346			$101,438			$292,322			$310,754


Weighted average common shares outstanding		488,476,340			487,274,303			488,383,554			487,025,614
Potential dilutive common shares		--			--			--			--

Total shares for diluted earnings per share computation		488,476,340			487,274,303			488,383,554			487,025,614

Diluted earnings per common share and common share equivalents		$0.20			$0.21			$0.60			$0.64