EX-11 6 q202ex11.txt COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11 Washington Trust Bancorp, Inc. Computation of Per Share Earnings For the Periods Ended June 30, 2002 and 2001
Three months ended June 30, 2002 2001 ---------------------------------------------------- ------------------------------------------------------------- (In thousands, except per share amounts) Basic Diluted Basic Diluted ------------------------------------------------------------- Net income $4,024 $4,024 $3,800 $3,800 Share amounts: Average outstanding 12,858.7 12,858.7 12,031.3 12,031.3 Common stock equivalents - 206.4 - 206.5 ------------------------------------------------ ------------------------------------------------------------- Weighted average outstanding 12,858.7 13,065.1 12,031.3 12,237.8 ------------------------------------------------ ------------------------------------------------------------- Earnings per share $.31 $.31 $.32 $.31 ------------------------------------------------ ------------------------------------------------------------- Six months ended June 30, 2002 2001 ---------------------------------------------------- ------------------------------------------------------------- (In thousands, except per share amounts) Basic Diluted Basic Diluted ------------------------------------------------------------- Net income $7,768 $7,768 $3,954 $3,954 Share amounts: Average outstanding 12,434.1 12,434.1 12,021.8 12,021.8 Common stock equivalents - 188.3 - 147.5 ------------------------------------------------ ------------------------------------------------------------- Weighted average outstanding 12,434.1 12,622.4 12,021.8 12,169.3 ------------------------------------------------ ------------------------------------------------------------- Earnings per share $.62 $.62 $.33 $.32 ------------------------------------------------ -------------------------------------------------------------