EX-99 2 q310qex11.txt EXHIBIT 11 COMPUTATION OF EARNINGS EXHIBIT 11 PEOPLES BANCORP INC. AND SUBSIDIARIES Computation of Earnings Per Share
For the Three Months For the Nine months (dollars in thousands, except share data) Ended September 30, Ended September 30, --------------------------- --------------------------- 2001 2000 2001 2000 ---------- ----------- ----------- ---------- BASIC EARNINGS PER SHARE EARNINGS: Net income $3,197 $2,882 $8,798 $8,444 AVERAGE SHARES OUTSTANDING: Weighted average Common Shares outstanding 7,172,290 7,170,006 7,195,286 7,185,677 ------------------------------------------------------------------------------------------------------------------------ ======================================================================================================================== BASIC EARNINGS PER SHARE $0.45 $0.40 $1.22 $1.18 ======================================================================================================================== DILUTED EARNINGS PER SHARE EARNINGS: Net income $3,197 $2,882 $8,798 $8,444 AVERAGE SHARES OUTSTANDING: Weighted average Common Shares outstanding 7,172,290 7,170,006 7,195,286 7,185,677 Net effect of the assumed exercise of stock options based on the treasury stock method 131,060 71,451 109,402 92,524 ------------------------------------------------------------------------------------------------------------------------ Total 7,303,350 7,241,457 7,304,688 7,278,201 ------------------------------------------------------------------------------------------------------------------------ ======================================================================================================================== DILUTED EARNINGS PER SHARE $0.44 $0.40 $1.20 $1.16 ========================================================================================================================
Adjusted for 10% stock dividend issued September 12, 2001.