STI 2018 Annual Report

Notes to Consolidated Financial Statements, continued 127 NOTE 14 – NET INCOME PER COMMON SHARE Reconciliations of net income to net income available to common shareholders and average basic common shares outstanding to average diluted common shares outstanding are presented in the following table. Equivalent shares of 1 million related to common stock options and warrants outstanding at December 31, 2016 were excluded from the computation of diluted net income per average common share because they would have been anti-dilutive. Year Ended December 31 (Dollars and shares in millions, except per share data) 2018 2017 2016 Net income $2,775 $2,273 $1,878 Less: Preferred stock dividends (107) (94) (66) Dividends and undistributed earnings allocated to unvested common share awards — — (1) Net income available to common shareholders $2,668 $2,179 $1,811 Average common shares outstanding - basic 460.9 481.3 498.6 Add dilutive securities: RSUs 2.9 3.0 2.9 Common stock warrants, options, and restricted stock 1.2 2.7 2.0 Average common shares outstanding - diluted 465.0 487.0 503.5 Net income per average common share - diluted $5.74 $4.47 $3.60 Net income per average common share - basic 5.79 4.53 3.63