EX-11 2 exhibit1110-qcomputationof.htm EXHIBIT 11 Exhibit 11 10-Q Computation of Net income Per Share Q2 2014


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

 
For the Quarter Ended June 30, 2014
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
5,081,000
 
 
 
 
 
 
Preferred stock dividends
(20,000
)
 
 
 
 
 
Income available to common stockholders
5,061,000
 
 
14,183,569

 
$
0.36

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
203,698

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
5,061,000
 
 
14,387,267

 
$
0.35

 
For the Quarter Ended June 30, 2013
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
4,048,000
 
 
 
 
 
 
Preferred stock dividends
(20,000
)
 
 
 
 
 
Income available to common stockholders
4,028,000
 
 
14,136,736

 
$
0.28

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
119,268

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
4,028,000
 
 
14,256,004

 
$
0.28

 
For the Six Months Ended June 30, 2014
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
10,025,000
 
 
 
 
 
 
Preferred stock dividends
(40,000
)
 
 
 
 
 
Income available to common stockholders
9,985,000
 
 
14,172,196

 
$
0.70

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
193,781

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
9,985,000
 
 
14,365,977

 
$
0.70

 
For the Six Months Ended June 30, 2013
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
7,693,000
 
 
 
 
 
 
Preferred stock dividends
(40,000
)
 
 
 
 
 
Income available to common stockholders
7,653,000
 
 
14,134,341

 
$
0.54

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
75,009

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
7,653,000
 
 
14,209,350

 
$
0.54