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 June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | Net income | $ | 672 | | | $ | 575 | | | $ | 1,206 | | | $ | 1,058 | | | | | Preferred stock dividends | 32 | | | 14 | | | 58 | | | 29 | | | | | Net income available to common stockholders | $ | 640 | | | $ | 561 | | | $ | 1,148 | | | $ | 1,029 | | | | | Weighted average common shares outstanding | | | | | | | | | | | Basic shares outstanding | 11,535,792 | | | 13,237,226 | | | 11,729,271 | | | 13,405,295 | | | | | Stock-based awards | — | | | — | | | — | | | — | | | | | Diluted shares outstanding | 11,535,792 | | | 13,237,226 | | | 11,729,271 | | | 13,405,295 | | | | | Earnings per common share | | | | | | | | | | | Basic and diluted | $ | 55.52 | | | $ | 42.36 | | | $ | 97.95 | | | $ | 76.73 | | | | | | | | | | | | | |
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