EX-11 4 ex11.htm EXHIBIT 11 ex11.htm
Exhibit 11.
Metro Bancorp, Inc.
 
Computation of Net Income (Loss) Per Share

For the Quarter Ended June 30, 2010
 
   
Income
(Loss)
   
Shares
   
Per Share
Amount
 
Basic Earnings Per Share:
                 
Net income
  $ 360,000              
Preferred stock dividends
    (20,000 )            
Income available to common stockholders
    340,000       13,508,765     $ 0.02  
Effect of Dilutive Securities:
                       
Stock options
            5,102          
Diluted Earnings Per Share:
                       
Income available to common stockholders
    plus assumed conversions
  $ 340,000       13,513,867     $ 0.02  
For the Quarter Ended June 30, 2009
 
   
Income
(Loss)
   
Shares
   
Per Share
Amount
 
Basic Loss Per Share:
                 
Net loss
  $ (1,355,000 )            
Preferred stock dividends
    (20,000 )            
Loss available to common stockholders
    (1,375,000 )     6,503,329     $ (0.21 )
Effect of Dilutive Securities:
                       
Stock options
            -          
Diluted Loss Per Share:
                       
Loss available to common stockholders
    plus assumed conversions
  $ (1,375,000 )     6,503,329     $ (0.21 )
For the Six Months Ended June 30, 2010
 
   
Income
(Loss)
   
Shares
   
Per Share
Amount
 
Basic Earnings Per Share:
                 
Net income
  $ 366,000              
Preferred stock dividends
    (40,000 )            
Income available to common stockholders
    326,000       13,489,070     $ 0.02  
Effect of Dilutive Securities:
                       
Stock options
            4,846          
Diluted Earnings Per Share:
                       
Income available to common stockholders
    plus assumed conversions
  $ 326,000       13,493,916     $ 0.02  
For the Six Months Ended June 30, 2009
 
   
Income
(Loss)
   
Shares
   
Per Share
Amount
 
Basic Loss Per Share:
                 
Net loss
  $ (518,000 )            
Preferred stock dividends
    (40,000 )            
Loss available to common stockholders
    (558,000 )     6,484,051     $ (0.09 )
Effect of Dilutive Securities:
                       
Stock options
            -          
Diluted Loss Per Share:
                       
Loss available to common stockholders plus
    assumed conversions
  $ (558,000 )     6,484,051     $ (0.09 )