EX-11 3 ex11f10q.txt FORM 10Q EXHIBIT 11-COMPUTATION OF EARNINGS EXHIBIT 11
PEOPLES BANCORP INC. AND SUBSIDIARIES Computation of Earnings Per Share For the Three For the Six Months Ended Months Ended (dollars in thousands, except share data) June 30, June 30, 2002 2001 2002 2001 --------------- -------------- --------------- -------------- BASIC EARNINGS PER SHARE EARNINGS: Income before extraordinary gain $ 4,585 $ 3,005 $ 8,690 $ 5,601 Net income $ 4,585 $ 3,005 $ 9,100 $ 5,601 AVERAGE SHARES OUTSTANDING: Weighted average Common Shares outstanding 7,873,795 7,951,378 7,857,062 7,927,673 ----------------------------------------------------------------------------------------------------------------------- BASIC EARNINGS PER SHARE: Income before extraordinary gain $ 0.58 $ 0.38 $ 1.11 $ 0.71 Net income $ 0.58 $ 0.38 $ 1.16 $ 0.71 ======================================================================================================================= DILUTED EARNINGS PER SHARE EARNINGS: Income before extraordinary gain $ 4,585 $ 3,005 $ 8,690 $ 5,601 Net income $ 4,585 $ 3,005 $ 9,100 $ 5,601 AVERAGE SHARES OUTSTANDING: Weighted average Common Shares outstanding 7,873,795 7,951,378 7,857,062 7,927,673 Net effect of the assumed exercise of stock options based on the treasury stock method 228,252 117,265 188,547 111,801 ----------------------------------------------------------------------------------------------------------------------- Total 8,102,047 8,068,643 8,045,609 8,039,474 ----------------------------------------------------------------------------------------------------------------------- BASIC EARNINGS PER SHARE: Income before extraordinary gain $ 0.57 $ 0.37 $ 1.08 $ 0.70 Net income $ 0.57 $ 0.37 $ 1.13 $ 0.70 =======================================================================================================================