EX-11 3 q302ex11.txt EXHIBIT 11 Q3-2002 EXHIBIT 11 Washington Trust Bancorp, Inc. Computation of Per Share Earnings For the Periods Ended September 30, 2002 and 2001
Three months ended September 30, 2002 2001 ------------------------------------------------------------------------------------------------------------------- (In thousands, except per share amounts) Basic Diluted Basic Diluted ---------------- ----------------- ---------------- -------------- Net income $4,511 $4,511 $4,842 $4,842 Share amounts: Average outstanding 13,032.9 13,032.9 12,056.9 12,056.9 Common stock equivalents - 221.3 - 213.2 ------------------------------------------------ ----------------- ---------------- ----------------- ------------- Weighted average outstanding 13,032.9 13,254.3 12,056.9 12,270.1 ------------------------------------------------ ----------------- ---------------- ----------------- ------------- Earnings per share $.35 $.34 $.40 $.40 ------------------------------------------------ ----------------- ---------------- ----------------- ------------- Nine months ended September 30, 2002 2001 ------------------------------------------------------------------------------------------------------------------- (In thousands, except per share amounts) Basic Diluted Basic Diluted ---------------- ----------------- --------------- --------------- Net income $12,279 $12,279 $8,796 $8,796 Share amounts: Average outstanding 12,635.9 12,635.9 12,033.6 12,033.6 Common stock equivalents - 197.8 - 164.5 ------------------------------------------------ ----------------- ---------------- ---------------- -------------- Weighted average outstanding 12,635.9 12,833.7 12,033.6 12,198.1 ------------------------------------------------ ----------------- ---------------- ---------------- -------------- Earnings per share $.97 $.96 $.73 $.72 ------------------------------------------------ ----------------- ---------------- ---------------- --------------