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Earnings Per Common Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Common Share

NOTE 13. EARNINGS PER COMMON SHARE

The following table presents the computation of basic and diluted earnings per common share for the three and nine months ended September 30 (dollars in millions, except per share amounts, and shares in thousands):

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

29

 

 

$

18

 

 

$

122

 

 

$

113

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of common shares outstanding-basic

 

 

81,232

 

 

 

78,836

 

 

 

80,721

 

 

 

78,463

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Performance and restricted stock awards

 

 

46

 

 

 

132

 

 

 

66

 

 

 

82

 

Weighted-average number of common shares outstanding-diluted

 

 

81,278

 

 

 

78,968

 

 

 

80,787

 

 

 

78,545

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.36

 

 

$

0.23

 

 

$

1.51

 

 

$

1.44

 

Diluted

 

$

0.36

 

 

$

0.23

 

 

$

1.51

 

 

$

1.44

 

There were no shares excluded from the calculation because they were antidilutive.