NOTE 14. EARNINGS PER COMMON SHARE The following table presents the computation of basic and diluted earnings per common share for the three and nine months ended September 30 (dollars in millions, except per share amounts, and shares in thousands):
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Three months ended September 30, |
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Nine months ended September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Numerator: |
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Net income |
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$ |
49 |
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$ |
29 |
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$ |
176 |
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$ |
122 |
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Denominator: |
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Weighted-average number of common shares outstanding-basic |
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83,754 |
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81,232 |
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83,051 |
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80,721 |
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Effect of dilutive securities: |
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Performance and restricted stock awards |
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50 |
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46 |
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38 |
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66 |
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Weighted-average number of common shares outstanding-diluted |
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83,804 |
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81,278 |
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83,089 |
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80,787 |
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Earnings per common share: |
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Basic |
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$ |
0.58 |
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$ |
0.36 |
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$ |
2.11 |
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$ |
1.51 |
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Diluted |
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$ |
0.57 |
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$ |
0.36 |
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$ |
2.11 |
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$ |
1.51 |
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There were no shares excluded from the calculation because they were antidilutive.
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