EX-11 2 ex11.htm EXHIBIT 11 ex11.htm

 
Exhibit 11.
Metro Bancorp, Inc.
 
Computation of Net Income (Loss) Per Share

 
For the Quarter Ended June 30, 2009
 
   
Income
   
Shares
   
Per Share
Amount
 
Basic Loss Per Share:
                 
Net loss
  $ (1,355,000 )            
Preferred stock dividends
    (20,000 )            
Income (loss) available to common stockholders
    (1,375,000 )     6,503,329     $ (0.21 )
Effect of Dilutive Securities:
                       
Stock options
            -          
Diluted Earnings Per Share:
                       
Income (loss) available to common stockholders plus assumed conversions
  $ (1,375,000 )     6,503,329     $ ( 0.21 )
For the Quarter Ended June 30, 2008
 
   
Income
   
Shares
   
Per Share
Amount
 
Basic Earnings Per Share:
                       
Net income
  $ 3,506,000                  
Preferred stock dividends
    (20,000 )                
Income available to common stockholders
    3,486,000       6,341,116     $ 0.55  
Effect of Dilutive Securities:
                       
Stock options
            163,075          
Diluted Earnings Per Share:
                       
Income available to common stockholders plus assumed conversions
  $ 3,486,000       6,504,191     $ 0.54  

For the Six Months Ended June 30, 2009
 
   
Income
   
Shares
   
Per Share
Amount
 
Basic Loss Per Share:
                 
Net loss
  $ (518,000 )            
Preferred stock dividends
    (40,000 )            
Income (loss) available to common stockholders
    (558,000 )     6,484,051     $ (0.09 )
Effect of Dilutive Securities:
                       
Stock options
            -          
Diluted Earnings Per Share:
                       
Income (loss) available to common stockholders plus assumed conversions
  $ (558,000 )     6,484,051     $ (0.09 )
For the Six Months Ended June 30, 2008
 
   
Income
   
Shares
   
Per Share
Amount
 
Basic Earnings Per Share:
                       
Net income
  $ 6,712,000                  
Preferred stock dividends
    (40,000 )                
Income available to common stockholders
    6,672,000       6,333,891     $ 1.05  
Effect of Dilutive Securities:
                       
Stock options
            164,847          
Diluted Earnings Per Share:
                       
Income available to common stockholders plus assumed conversions
  $ 6,672,000       6,498,738     $ 1.03