Earnings Per Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share

6. 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.

Following is a summary of the information used in the computation of earnings per common share using the two-class method (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
Numerator:
Net income to common shareholders	$	46,984	$	30,378	$	104,783	$	57,793
Net income allocated to participating securities - basic and diluted		281		101		844		252
Net income allocated to common shareholders - basic and diluted	$	46,703	$	30,277	$	103,939	$	57,541
Denominator:
Weighted-average common shares - basic		84,777		84,699		84,757		59,149
Dilutive potential common shares		855		286		768		293
Weighted average common shares - diluted		85,632		84,985		85,525		59,442
Earnings per common share:
Basic	$	0.55	$	0.36	$	1.23	$	0.97
Diluted	$	0.55	$	0.36	$	1.22	$	0.97