Earnings Per Common Share

12 Months Ended

Dec. 31, 2016

NOTE 3. EARNINGS PER COMMON SHARE

Earnings per common share are calculated as follows:


	For the years ended December 31,
*(in thousands, except shares and per share amounts)*	2016		2015		2014
Numerator for both basic and diluted earnings per common share:
Net income	$	86,635	$	80,762	$	69,974

Denominator:
Total average basic common shares outstanding		40,100,320		37,488,331		29,249,499
Effect of dilutive stock options and warrant		26,756		58,796		84,377

Total diluted average common shares outstanding		40,127,076		37,547,127		29,333,876

Earnings per common share—basic	$	2.16	$	2.15	$	2.39
Earnings per common share—diluted		2.16		2.15		2.39

Stock options representing shares of 95,700 were not included in the computation of diluted earnings per share for the year ended December 31, 2016 because to do so would have been anti-dilutive. All stock options were included in the computation for the years ended December 31, 2015 and 2014. No contingently issuable shares were estimated to be awarded under the 2015 total shareholder return plan as the stock performance targets were not met for the year ended December 31, 2016.

On September 9, 2016, WesBanco issued 5,423,348 shares of common stock (109,257 of which shares were treasury stock) to complete its acquisition of YCB. These shares are included in average shares outstanding beginning on that date. For additional information relating to the YCB acquisition, refer to Note 2, “Mergers and Acquisitions.”