Hanmi Financial Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

3 Months Ended

Mar. 31, 2014

Note 10 — Earnings Per Share

Earnings per share (“EPS”) is calculated on both a basic and a diluted basis. Basic EPS excludes dilution and is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in earnings, excluding common shares in treasury. Unvested restricted stock is excluded from the calculation of weighted-average common shares for basic EPS. For diluted EPS, weighted-average common shares include the impact of restricted stock under the treasury method.

The following table is a reconciliation of the components used to derive basic and diluted EPS for the periods indicated:


	2014						2013
	(Numerator)		(Denominator)				(Numerator)		(Denominator)
	Net Income		Weighted- Average Shares		Per Share Amount		Net Income		Weighted- Average Shares		Per Share Amount
	(In thousands, except share and per share data)
Three months ended March 31:
Basic EPS	$	11,035		31,659,705	$	0.35	$	10,110		31,538,980	$	0.32
Effect of dilutive securities - options, warrants and unvested restricted stock		—		274,458		—		—		87,687		—

Diluted EPS	$	11,035		31,934,163	$	0.35	$	10,110		31,626,667	$	0.32

For the three months ended March 31, 2014 and 2013, stock options totaling 34,250 and 76,625, respectively, were not included in the computation of diluted EPS because their effect would be anti-dilutive.

- Definition

The entire disclosure for earnings per share.

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