XML 40 R47.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings per Common Share (Tables)
6 Months Ended
Jun. 30, 2014
Earnings per Common Share  
Schedule of the computation of basic and diluted earnings per common share

The following table presents the computation of basic and diluted earnings per common share (in thousands, except per share data).

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

Income applicable to Hilltop common stockholders

 

$

27,085

 

$

20,943

 

$

50,845

 

$

53,313

 

Less: income applicable to participating shares

 

(141

)

(116

)

(266

)

(295

)

Net earnings available to Hilltop common stockholders

 

$

26,944

 

$

20,827

 

$

50,579

 

$

53,018

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

89,709

 

83,490

 

89,708

 

83,489

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

0.30

 

$

0.25

 

$

0.56

 

$

0.64

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

Income applicable to Hilltop common stockholders

 

$

27,085

 

$

20,943

 

$

50,845

 

$

53,313

 

Add: interest expense on senior exchangeable notes (net of tax)

 

 

1,053

 

 

2,105

 

Net earnings available to Hilltop common stockholders

 

$

27,085

 

$

21,996

 

$

50,845

 

$

55,418

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

89,709

 

83,490

 

89,708

 

83,489

 

Effect of potentially dilutive securities

 

860

 

6,804

 

868

 

6,636

 

Weighted average shares outstanding - diluted

 

90,569

 

90,294

 

90,576

 

90,125

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$

0.30

 

$

0.24

 

$

0.56

 

$

0.61