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 |
| |