v3.25.2
Earnings Per Common Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Common Share
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 June 30Six Months Ended June 30
 2025202420252024
 (In millions, except per share data)
Numerator:
Net income$563 $501 $1,053 $869 
Preferred stock dividends and other (1)
(29)(24)(54)(49)
Net income available to common shareholders$534 $477 $999 $820 
Denominator:
Weighted-average common shares outstanding—basic$898 $917 $902 $919 
Potential common shares2 1 3 1 
Weighted-average common shares outstanding—diluted$900 $918 $905 $920 
Earnings per common share:
Basic$0.59 $0.52 $1.11 $0.89 
Diluted$0.59 $0.52 $1.10 $0.89 
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(1) Preferred stock dividends and other for the three and six months ended June 30, 2025 included $4 million of issuance costs associated with the redemption of Series D preferred shares in the second quarter of 2025. See Note 6 for additional information.
The effects from the assumed exercise of restricted stock units and performance stock units totaling 5 million and 4 million for the three and six months ended June 30, 2025, 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.
The effects from the assumed exercise of 7 million and 6 million in restricted stock units and awards and performance stock units for the three and six months ended June 30, 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.