Earnings Per Share

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Numerator:
Net income to common shareholders	$	39,962	$	46,862	$	89,077	$	95,438
Net income allocated to participating securities—basic and diluted		819		880		1,900		1,782
Net income allocated to common shareholders—basic and diluted	$	39,143	$	45,982	$	87,177	$	93,656
Denominator:
Weighted average common shares—basic		81,933		83,279		82,099		84,071
Dilutive potential common shares		241		78		249		82
Weighted average common shares—diluted		82,174		83,357		82,348		84,153
Earnings per common share:
Basic	$	0.48	$	0.55	$	1.06	$	1.11
Diluted	$	0.48	$	0.55	$	1.06	$	1.11

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 660,778 and 675,108 respectively for the three and six months ended June 30, 2014 and 1,433,249 and 1,298,940 respectively for the three and six months ended June 30, 2013.