Earnings Per Common Share

3 Months Ended

Mar. 31, 2026

NOTE 7. EARNINGS PER COMMON SHARE

The following table sets forth the computation of basic earnings per common share and diluted earnings per common share:


	Three Months Ended March 31
	2026		2025
	(In millions, except per share data)
Numerator:
Net income	$	559	$	490
Preferred stock dividends and other	(20)		(25)


Net income available to common shareholders	$	539	$	465
Denominator:
Weighted-average common shares outstanding—basic	$	863	$	906
Potential common shares	5		4
Weighted-average common shares outstanding—diluted	$	868	$	910






Earnings per common share:
Basic	$	0.63	$	0.51
Diluted	$	0.62	$	0.51

The effects from the assumed exercise of restricted stock units totaling 2 million for both the three months ended March 31, 2026 and 2025 were not included in the above computations of diluted earnings per common share because such amounts would have had an antidilutive effect on earnings per common share.