Earnings Per Share

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Numerator:
Net income to common shareholders	$	46,553	$	33,202	$	135,630	$	128,640
Net income allocated to participating securities - basic and diluted		883		616		2,783		2,398
Net income allocated to common shareholders - basic and diluted	$	45,670	$	32,586	$	132,847	$	126,242
Denominator:
Weighted average common shares - basic		81,721		82,091		81,965		83,404
Dilutive potential common shares		221		114		239		92
Weighted average common shares - diluted		81,942		82,205		82,204		83,496
Earnings per common share:
Basic	$	0.56	$	0.40	$	1.62	$	1.51
Diluted	$	0.56	$	0.40	$	1.62	$	1.51

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 569,404 and 639,486 respectively for the three and nine months ended September 30, 2014 and 721,863 and 1,076,894, respectively, for the three and nine months ended September 30, 2013.