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BB&T and Regions Financial: Earnings per share BB&T Corporation and Regions Financial Corporation are large regional banking companies. The net income and average common shares

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BB&T and Regions Financial: Earnings per share BB&T Corporation and Regions Financial Corporation are large regional banking companies. The net income and average common shares outstanding for both companies were reported in recent financial reports as follows (in millions): BB&T $2,151 718 Regions Financial $1,090 1,375 Net income Average number of common shares outstanding In addition, BB&T had $2,603,000,000 in par value preferred stock outstanding during the period. The preferred stock had an average dividend rate of 5.7%. Regions Financial did not pay any preferred cash dividends. a. Determine the preferred dividend for BB&T. Round your answer to the nearest million dollars. b. Determine the earnings per share for each company. Round your answers to two decimal places. BB&T Regions c. Which company appears more profitable from a total net income perspective? d. Which company appears more profitable from an earnings per share perspective? e. From a stockholder's perspective, is net income or earnings per share the better relative earnings measure between the two banks? From a stockholder's perspective, the is a better relative measure of earnings between the two banks

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