v3.26.1
Earnings Per Common Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings Per Common Share
NOTE 11—EARNINGS PER COMMON SHARE
The following table sets forth the computation of basic and diluted earnings per common share.
Table 11.1: Computation of Basic and Diluted Earnings per Common Share
Three Months Ended March 31,
(Dollars and shares in millions, except per share data)20262025
Income from continuing operations, net of tax$2,181 $1,404 
Income (loss) from discontinued operations, net of tax
(7)0 
Net income2,174 1,404 
Dividends and undistributed earnings allocated to participating securities(20)(22)
Preferred stock dividends(73)(57)
Discount on redeemed preferred stock0 0 
Net income available to common stockholders$2,081 $1,325 
Total weighted-average basic common shares outstanding622.5 383.1 
Effect of dilutive securities:(1)
Stock options0.0 0.2 
Other contingently issuable shares0.9 0.7 
Total effect of dilutive securities0.9 0.9 
Total weighted-average diluted common shares outstanding623.4 384.0 
Basic earnings per common share:
Net income from continuing operations$3.35 $3.46 
Net income from discontinued operations
(0.01)0.00 
Net income per basic common share$3.34 $3.46 
Diluted earnings per common share:(1)
Net income from continuing operations$3.35 $3.45 
Net income from discontinued operations
(0.01)0.00 
Net income per diluted common share$3.34 $3.45 
__________
(1)There were no options or awards excluded from the computation for both the three months ended March 31, 2026 and March 31, 2025.