NOTE 15 — EARNINGS PER COMMON SHARE
The following table sets forth the computation of the basic and diluted earnings per common share:
Earnings per Common Share | | | | | | | | | | | | | | | | | | dollars in millions, except share and per share data | Three Months Ended March 31, | | | | 2026 | | 2025 | | | | | | | | Net income | $ | 534 | | | $ | 483 | | | | | | | | | Preferred stock dividends | 26 | | | 15 | | | | | | | | | Net income available to common stockholders | $ | 508 | | | $ | 468 | | | | | | | | | Weighted average common shares outstanding | | | | | | | | | | | Basic shares outstanding | 11,924,899 | | | 13,575,231 | | | | | | | | | Stock-based awards | — | | | — | | | | | | | | | Diluted shares outstanding | 11,924,899 | | | 13,575,231 | | | | | | | | | Earnings per common share | | | | | | | | | | | Basic and diluted | $ | 42.63 | | | $ | 34.47 | | | | | | | | | | | | | | | | | |
|