Earnings Per Common Share

3 Months Ended

Mar. 31, 2025

NOTE 7. EARNINGS PER COMMON SHARE

The following table sets forth the computation of basic earnings per common share and diluted earnings per common share:


	Three Months Ended March 31
	2025		2024
	(In millions, except per share data)
Numerator:
Net income	$	490	$	368
Preferred stock dividends	(25)		(25)


Net income available to common shareholders	$	465	$	343
Denominator:
Weighted-average common shares outstanding—basic	$	906	$	921
Potential common shares	4		2
Weighted-average common shares outstanding—diluted	$	910	$	923






Earnings per common share:
Basic	$	0.51	$	0.37
Diluted	0.51		0.37

The effects from the assumed exercise of restricted stock units and performance stock units totaling 2 million and 5 million for the three months ended March 31, 2025 and 2024, respectively, were not included in the above computations of diluted earnings per common share because such amounts would have had an antidilutive effect on earnings per common share.