Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

7. 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 (in thousands, except per share amounts):

	Three Months Ended
	March 31,
	2014		2013
Numerator:
Net income to common shareholders	$	49,115	$	48,576
Net income allocated to participating securities — basic and diluted		1,081		902
Net income allocated to common shareholders - basic and diluted	$	48,034	$	47,674
Denominator:
Weighted-average common shares - basic		82,277		84,871
Dilutive potential common shares		257		101
Weighted average common shares - diluted		82,534		84,972
Earnings per common share:
Basic	$	0.58	$	0.56
Diluted	$	0.58	$	0.56

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 689,958 for the three months ended March 31, 2014 and 1,107,790 for the three months ended March 31, 2013.