EX-11 2 q22004ex11.txt Q2-2004 EXHIBIT 11 EXHIBIT 11 Washington Trust Bancorp, Inc. Computation of Per Share Earnings For the Periods Ended June 30, 2004 and 2003 Three months ended June 30, 2004 2003 -------------------------------------------------------------------------------- (In thousands, except per share amounts) Basic Diluted Basic Diluted ------------ --------- ---------- ---------- Net income $5,043 $5,043 $4,574 $4,574 Share amounts: Average outstanding 13,216.1 13,216.1 13,089.4 13,089.4 Common stock equivalents - 300.9 - 215.5 -------------------------------------------------------------------------------- Weighted average outstanding 13,216.1 13,517.0 13,089.4 13,304.9 -------------------------------------------------------------------------------- Earnings per share $.38 $.37 $.35 $.34 -------------------------------------------------------------------------------- Six months ended June 30, 2004 2003 -------------------------------------------------------------------------------- (In thousands, except per share amounts) Basic Diluted Basic Diluted ------------ --------- ---------- ---------- Net income $9,998 $9,998 $9,324 $9,324 Share amounts: Average outstanding 13,209.4 13,209.4 13,074.4 13,074.4 Common stock equivalents - 305.8 - 190.8 -------------------------------------------------------------------------------- Weighted average outstanding 13,209.4 13,515.2 13,074.4 13,265.2 -------------------------------------------------------------------------------- Earnings per share $.76 $.74 $.71 $.70 --------------------------------------------------------------------------------