EX-11 2 exh11.txt WABC EXH 11 FOR 03-31-2006 10-Q Page 29 Exhibit 11 WESTWESTAMERICA BANCORPORATION Computation of Earnings Per Share on Common and Common Equivalent Shares and on Common Shares Assuming Full Dilution
For the three months ended March 31, -------------------------- (In thousands, except per share data) 2006 2005 -------------------------- Weighted average number of common shares outstanding - basic 31,688 32,022 Add exercise of options reduced by the number of shares that could have been purchased with the proceeds of such exercise 588 658 -------------------------- Weighted average number of common shares outstanding - diluted 32,276 32,680 ========================== Net income $26,117 $22,310 Basic earnings per share $0.82 $0.70 Diluted earnings per share $0.81 $0.68