E*TRADE Financial Corporation Just Filed Its Quarterly Report: NOTE 12—EARNINGS PER...

NOTE 12—EARNINGS PER SHARE
Net income available to common shareholders, or net income less preferred stock dividends, represents the numerator used in the computation of basic and diluted earnings per common share. The denominators used in the computation of basic and diluted earnings per common share are basic and diluted weighted average common shares outstanding, respectively.
Basic weighted average common shares outstanding were 243.0 million and 244.6 million for the three and six months ended June 30, 2019, respectively, compared to 263.8 million and 265.2 million for the same periods in 2018. The difference between basic and diluted weighted average common shares outstanding includes the weighted-average dilutive impact of securities, including restricted stock units and awards, dividend equivalent units, employee stock purchase plan shares and stock options, as well as the weighted-average dilutive impact of convertible debentures. This activity represented 0.5 million and 0.6 million shares for the three and six months ended June 30, 2019, respectively, compared to 1.1 million and 1.2 million shares for the same periods in 2018. This resulted in diluted weighted average common shares outstanding of 243.5 million and 245.2 million for the three and six months ended June 30, 2019, respectively, compared to 264.9 million and 266.4 million for the same periods in 2018. The amount of certain restricted stock and options excluded from the calculations of diluted earnings per common share due to the anti-dilutive effect was not material for the three and six months ended June 30, 2019 and 2018.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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