Earnings Per Share

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share

10.  Earnings Per Share

Hancock calculates earnings per share using the two-class method.  The two-class method allocates net income to each class of common stock and participating security according to common dividends declared and participation rights in undistributed earnings.  Participating securities consist of unvested stock-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents. 

A summary of the information used in the computation of earnings per common share follows.

	Three months Ended
	March 31,
(in thousands, except per share data)	2017		2016
Numerator:
Net income to common shareholders	$	49,014	$	3,839
Net income allocated to participating securities - basic and diluted		1,156		97
Net income allocated to common shareholders - basic and diluted	$	47,858	$	3,742
Denominator:
Weighted-average common shares - basic	$	84,365	$	77,501
Dilutive potential common shares		259		171
Weighted-average common shares - diluted	$	84,624	$	77,672
Earnings per common share:
Basic	$	0.57	$	0.05
Diluted	$	0.57	$	0.05

Potential common shares consist of employee and director stock options.  These potential common shares do not enter into the calculation of diluted earnings per share if the impact would be anti-dilutive, i.e., increase earnings per share or reduce a loss per share.  Weighted-average anti-dilutive potential common shares totaled 15,986and 656,623, respectively, for the three months ended March 31, 2017 and March 31, 2016.