Earnings Per Share

6 Months Ended

Jun. 30, 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				Six months ended
	June 30,				June 30,
(in thousands, except per share data)	2017		2016		2017		2016
Numerator:
Net income to common shareholders	$	52,267	$	46,907	$	101,281	$	50,746
Net income allocated to participating securities - basic and diluted		1,166		1,136		2,322		1,233
Net income allocated to common shareholders - basic and diluted	$	51,101	$	45,771	$	98,959	$	49,513
Denominator:
Weighted-average common shares - basic	$	84,614	$	77,523	$	84,489	$	77,512
Dilutive potential common shares		253		157		266		164
Weighted-average common shares - diluted	$	84,867	$	77,680	$	84,755	$	77,676
Earnings per common share:
Basic	$	0.60	$	0.59	$	1.17	$	0.64
Diluted	$	0.60	$	0.59	$	1.17	$	0.64

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 19,397 and 17,701, respectively, for the three and six months ended June 30, 2017.  Weighted-average anti-dilutive potential common shares totaled 548,821 and 602,809, respectively, for the three and six months ended June 30, 2016.