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EARNINGS PER COMMON SHARE | 6 Months Ended
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Jun. 30, 2019
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE | NOTE 3 – EARNINGS PER COMMON SHARE
| The calculations of earnings per common share for the quarters and six-month periods ended June 30, 2019 and 2018 are as follows:
|  | Quarter Ended |  | Six-Month Period Ended
|  | June 30, |  | June 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
(In thousands, except per share information) |  |
Net income | $ | 41,287 |  | $ | 31,032 |  | $ | 84,601 |  | $ | 64,180
Less: Preferred stock dividends |  | (669) |  |  | (669) |  |  | (1,338) |  |  | (1,338)
Net income attributable to common stockholders | $ | 40,618 |  | $ | 30,363 |  | $ | 83,263 |  | $ | 62,842
Weighted-Average Shares: |  |  |  |  |  |  |  |  |  |  |
Average common shares outstanding |  | 216,674 |  |  | 215,737 |  |  | 216,507 |  |  | 215,194
Average potential dilutive common shares |  | 304 |  |  | 929 |  |  | 458 |  |  | 1,289
Average common shares outstanding - assuming dilution |  | 216,978 |  |  | 216,666 |  |  | 216,965 |  |  | 216,483
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.19 |  | $ | 0.14 |  | $ | 0.38 |  | $ | 0.29
Diluted | $ | 0.19 |  | $ | 0.14 |  | $ | 0.38 |  | $ | 0.29
Earnings per common share is computed by dividing net income attributable to common stockholders by the weighted-average number of common shares issued and outstanding. Net income attributable to common stockholders represents net income adjusted for any preferred stock dividends, including any dividends declared, and any cumulative dividends related to the current dividend period that have not been declared as of the end of the period. Basic weighted-average common shares outstanding exclude unvested shares of restricted stock that do not contain non-forfeitable dividend rights. Potential dilutive common shares consist of unvested shares of restricted stock that do not contain non-forfeitable dividend rights, warrants outstanding during the period and common stock issued under the assumed exercise of stock options using the treasury stock method. This method assumes that the potential dilutive common shares are issued and outstanding and the proceeds from the exercise, in addition to the amount of compensation cost attributable to future services, are used to purchase common stock at the exercise date. The difference between the numbers of potential dilutive shares issued and the shares purchased is added as incremental shares to the actual number of shares outstanding to compute diluted earnings per share. Potential dilutive common shares also include performance units that do not contain non-forfeitable dividend rights if the performance condition is met as of the end of the reporting period. Unvested shares of restricted stock, stock options, and warrants outstanding during the period that result in lower potential dilutive shares issued than shares purchased under the treasury stock method are not included in the computation of dilutive earnings per share since their inclusion would have an antidilutive effect on earnings per share. On May 17, 2018, the U.S. Treasury exercised its warrant to purchase 1,285,899 shares of the Corporation’s common stock on a cashless basis, resulting in the issuance of 730,571 shares of common stock.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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