for the three months ended March 31, 2026 is as follows: | | | | | | | | | | Three Months Ended
March 31, | | | 2026 | | | Net income | $ | 2,479 | | | | | Preferred stock dividends and other (1) | (82) | | | | | | Net income available to common stockholders | $ | 2,397 | | | | | | Weighted-average common shares outstanding — basic | 1,746 | | | | | | Common stock equivalent shares related to stock incentive plans | 6 | | | | | Weighted-average common shares outstanding — diluted (2) | 1,752 | | | | | | Basic earnings per share | $ | 1.37 | | | | | | Diluted earnings per share | $ | 1.37 | | | | |
(1) Includes preferred stock dividends and undistributed earnings and dividends allocated to non-vested participating restricted stock units. (2) Antidilutive stock options and restricted stock units excluded from the calculation of diluted EPS totaled 13 million for the three months ended March 31, 2026. The computations of basic and diluted EPS for the three months ended March 31, 2025 are as follows: | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | 2025 | | | | Common
Stock | Nonvoting Common Stock | Consolidated Common Stock | | | | | Basic earnings per share: | | | | | | | | Numerator | | | | | | | | Net income | $ | 1,891 | | $ | 18 | | $ | 1,909 | | | | | Preferred stock dividends and other (1) | (112) | | (1) | | (113) | | | | | | Net income available to common stockholders | $ | 1,779 | | $ | 17 | | $ | 1,796 | | | | | | Denominator | | | | | | | | Weighted-average common shares outstanding — basic | 1,794 | | 51 | | 1,817 | | | | | | Basic earnings per share | $ | .99 | | $ | .33 | | $ | .99 | | | | | | Diluted earnings per share: | | | | | | | | Numerator | | | | | | | | Net income available to common stockholders | $ | 1,779 | | $ | 17 | | $ | 1,796 | | | | | Reallocation of net income available to common stockholders as a result of conversion of nonvoting to voting shares | 17 | | — | | — | | | | | | Allocation of net income available to common stockholders | $ | 1,796 | | $ | 17 | | $ | 1,796 | | | | | | Denominator | | | | | | | | Weighted-average common shares outstanding — basic | 1,794 | | 51 | | 1,817 | | | | | Conversion of nonvoting shares to voting shares | 23 | | — | | — | | | | | | Common stock equivalent shares related to stock incentive plans | 5 | | — | | 5 | | | | | Weighted-average common shares outstanding — diluted (2) | 1,822 | | 51 | | 1,822 | | | | | | Diluted earnings per share | $ | .99 | | $ | .33 | | $ | .99 | | | | |
(1) Includes preferred stock dividends and undistributed earnings and dividends allocated to non-vested restricted stock units. (2) Antidilutive stock options and restricted stock units excluded from the calculation of diluted EPS totaled 14 million for the three months ended March 31, 2025.
|