Earnings Per Share

12 Months Ended

Dec. 31, 2015

Note 13. 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 share-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:


	Years Ended December 31,
($ in thousands, except per share amounts)	2015		2014		2013
*Numerator:*
Net income to common shareholders	$	131,461	$	175,722	$	163,356
Net income allocated to participating securities – basic and diluted	$	2,895	$	3,631	$	3,105

Net income allocated to common shareholders – basic and diluted	$	128,566	$	172,091	$	160,251


*Denominator:*
Weighted-average common shares – basic		78,197		81,804		83,066
Dilutive potential common shares		110		230		101

Weighted average common shares – diluted		78,307		82,034		83,167

Earnings per common share:
Basic	$	1.64	$	2.10	$	1.93
Diluted	$	1.64	$	2.10	$	1.93

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 798,623 for the year ended December 31, 2015, 621,327 for the year ended December 31, 2014, and 916,756 for the year ended December 31, 2013.