EX-11 2 exhibit1110-qcomputationof.htm EXHIBIT 11 Exhibit 11 10-Q Computation of Net income Per Share Q3 2013


Exhibit 11.
Metro Bancorp, Inc.
 
Computation of Net Income Per Common Share

 
For the Quarter Ended September 30, 2013
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
4,676,000
 
 
 
 
 
 
Preferred stock dividends
(20,000
)
 
 
 
 
 
Income available to common stockholders
4,656,000
 
 
14,145,494

 
$
0.33

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
169,679

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
4,656,000
 
 
14,315,173

 
$
0.33

 
For the Quarter Ended September 30, 2012
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
1,992,000
 
 
 
 
 
 
Preferred stock dividends
(20,000
)
 
 
 
 
 
Income available to common stockholders
1,972,000
 
 
14,129,049

 
$
0.14

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
62

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
1,972,000
 
 
14,129,111

 
$
0.14

 
For the Nine Months Ended September 30, 2013
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
12,369,000
 
 
 
 
 
 
Preferred stock dividends
(60,000
)
 
 
 
 
 
Income available to common stockholders
12,309,000
 
 
14,138,099

 
$
0.87

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
109,580

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
12,309,000
 
 
14,247,679

 
$
0.86

 
For the Nine Months Ended September 30, 2012
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
7,438,000
 
 
 
 
 
 
Preferred stock dividends
(60,000
)
 
 
 
 
 
Income available to common stockholders
7,378,000
 
 
14,127,555

 
$
0.52

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
7,378,000
 
 
14,127,555

 
$
0.52