EX-11 2 0002.txt COMPUTATION OF EARNINGS PER SHARE EXHIBIT 11 PEOPLES BANCORP INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE
(dollars in thousands, except share data) For the Three For the Nine Months Ended Months Ended September 30, September 30, 2000 1999 2000 1999 ------------- ------------- ------------ ------------ BASIC EARNINGS PER SHARE EARNINGS: Net income $2,882 $2,758 $8,444 $7,937 AVERAGE SHARES OUTSTANDING: Weighted average Common Shares outstanding 6,518,187 6,763,341 6,532,434 6,872,698 ---------------------------------------------------------------------------------------------------------------------- ====================================================================================================================== BASIC EARNINGS PER SHARE $0.44 $0.41 $1.29 $1.15 ====================================================================================================================== DILUTED EARNINGS PER SHARE EARNINGS: Net income $2,882 $2,758 $8,444 $7,937 AVERAGE SHARES OUTSTANDING: Weighted average Common Shares outstanding 6,518,187 6,763,341 6,532,434 6,872,698 Net effect of the assumed exercise of stock options based on the treasury stock method 64,956 213,993 84,112 184,288 ---------------------------------------------------------------------------------------------------------------------- Total 6,583,143 6,977,334 6,616,546 7,056,986 ---------------------------------------------------------------------------------------------------------------------- ====================================================================================================================== DILUTED EARNINGS PER SHARE $0.44 $0.40 $1.28 $1.13 ======================================================================================================================
* Adjusted for 10% stock dividend issued March 14, 2000 and a 10% stock dividend issued June 15, 1999.