MAINSOURCE FINANCIAL GROUP - 10-K filing on 2017-03-10

EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2016

NOTE 23 — EARNINGS PER COMMON SHARE

Earnings per common share were computed as follows:


			Weighted	Per
	Net		Average	Share
Year Ended December 31, 2016	Income		Shares	Amount
Basic Earnings Per Common Share
Net income	$	38,323	23,105,317	$	1.66
Effect of dilutive warrants			210,638
Effect of dilutive stock options			115,400
Diluted Earnings Per Common Share
Net income attributable to common shareholders and assumed conversions	$	38,323	23,431,355	$	1.64


			Weighted	Per
	Net		Average	Share
Year Ended December 31, 2015	Income		Shares	Amount
Basic Earnings Per Common Share
Net income	$	35,542	21,637,775	$	1.64
Effect of dilutive warrants			163,011
Effect of dilutive stock options			108,584
Diluted Earnings Per Common Share
Net income attributable to common shareholders and assumed conversions	$	35,542	21,909,370	$	1.62


			Weighted	Per
	Net		Average	Share
Year Ended December 31, 2014	Income		Shares	Amount
Basic Earnings Per Common Share
Net income	$	28,996	20,706,688	$	1.40
Effect of dilutive warrants			76,828
Effect of dilutive stock options			70,552
Diluted Earnings Per Common Share
Net income attributable to common shareholders and assumed conversions	$	28,996	20,854,068	$	1.39

All stock options were dilutive in 2016 based on the Company’s stock price. Stock options for 452, and 125,530 shares of common stock were not considered in computing diluted earnings per common share for 2015 and 2014 because they were antidilutive.