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 September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | Net income | $ | 606 | | | $ | 568 | | | $ | 1,812 | | | $ | 1,626 | | | | | Preferred stock dividends | 29 | | | 14 | | | 87 | | | 43 | | | | | Net income available to common stockholders | $ | 577 | | | $ | 554 | | | $ | 1,725 | | | $ | 1,583 | | | | | Weighted average common shares outstanding | | | | | | | | | | | Basic shares outstanding | 11,250,519 | | | 12,849,339 | | | 11,567,933 | | | 13,217,940 | | | | | Stock-based awards | — | | | — | | | — | | | — | | | | | Diluted shares outstanding | 11,250,519 | | | 12,849,339 | | | 11,567,933 | | | 13,217,940 | | | | | Earnings per common share | | | | | | | | | | | Basic and diluted | $ | 51.23 | | | $ | 43.08 | | | $ | 149.14 | | | $ | 119.70 | | | | | | | | | | | | | |
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