EARNINGS PER COMMON SHARE

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

NOTE 3. EARNINGS PER COMMON SHARE

Earnings per common share are calculated as follows:

	For the Three Months Ended March 31,
(unaudited, in thousands, except shares and per share amounts)	2015		2014
Numerator for both basic and diluted earnings per common share:
Net income	$	13,887	$	16,421
Denominator:
Total average basic common shares outstanding		34,393,137		29,182,183
Effect of dilutive stock options and warrant		85,198		80,497
Total diluted average common shares outstanding		34,478,335		29,262,680
Earnings per common share - basic	$	0.40	$	0.56
Earnings per common share - diluted	$	0.40	$	0.56

All stock options outstanding were included in the computation of diluted earnings per share for the three months ended March 31, 2015 as all were considered dilutive, while 33,000 were not included in March 31, 2014, because to do so would have been anti-dilutive.

On February 10, 2015, WesBanco issued 9,178,531 shares to complete its acquisition of ESB. These shares are included in average shares outstanding beginning on that date. For additional information relating to the ESB acquisition, refer to Note 2, “Mergers and Acquisitions.”