EX-11 2 bex11.txt EXHIBIT 11 - COMPUTATION OF EARNINGS EXHIBIT 11 PEOPLES BANCORP INC. AND SUBSIDIARIES Computation of Earnings Per Share (dollars in thousands, except share data) For the Three Months Ended March 31, 2001 2000 ----------- ----------- BASIC EARNINGS PER SHARE EARNINGS: Net income $2,596 $2,862 AVERAGE SHARES OUTSTANDING: Weighted average Common Shares outstanding 6,531,986 6,602,504 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- BASIC EARNINGS PER SHARE $0.40 $0.43 ================================================================================ DILUTED EARNINGS PER SHARE EARNINGS: Net income $2,596 $2,862 AVERAGE SHARES OUTSTANDING: Weighted average Common Shares outstanding 6,531,986 6,602,504 Net effect of the assumed exercise of stock options based on the treasury stock method 87,413 103,022 -------------------------------------------------------------------------------- Total 6,619,399 6,705,526 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- DILUTED EARNINGS PER SHARE $0.39 $0.43 ================================================================================ 28