The following table presents the calculation of basic and diluted EPS: | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | (dollars in millions, except per share data) | 2026 | | 2025 | | | | | | Numerator (basic and diluted): | | | | | | | | | Net income | $517 | | | $373 | | | | | | | Less: Preferred stock dividends | 33 | | | 33 | | | | | | | | | | | | | | | Net income available to common stockholders | $484 | | | $340 | | | | | | | Denominator: | | | | | | | | | Weighted-average common shares outstanding - basic | 425,344,491 | | | 438,320,757 | | | | | | | Dilutive common shares: share-based awards | 4,550,346 | | | 3,879,423 | | | | | | | Weighted-average common shares outstanding - diluted | 429,894,837 | | | 442,200,180 | | | | | | | Earnings per common share: | | | | | | | | | Basic | $1.14 | | | $0.78 | | | | | | Diluted(1) | 1.13 | | | 0.77 | | | | | |
(1) Excluded from the computation of diluted EPS were weighted-average antidilutive shares totaling 113,423 and 126,523 for the three months ended March 31, 2026 and 2025, respectively.
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