EX-11 2 ex11.htm EXHIBIT 11 Exhibit 11

EXHIBIT 11        
MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
Computation of Earnings Per Share (Unaudited)
For the Three and Nine Months Ended September 30, 2006 and 2005
 
   
Third Quarter
  
Third Quarter
  
Year-to-Date
  
Year-to-Date
  
   
September 30,
  
September 30,
  
September 30,
  
September 30,
  
BASIC
  
2006
  
2005
  
2006
  
2005
  
   
 
  
 
  
 
  
 
  
Earnings:
                  
Income applicable to common stock
  
$
2,417,137
  
$
1,633,888
  
$
6,471,411
  
$
5,597,564
  
                   
Shares:
                          
Weighted average number of common shares outstanding
    
6,235,994
   
6,132,229
   
6,201,429
   
6,124,389
 
                   
Earnings per common share:
                          
Income applicable to common stock
  
$
0.39
  
$
0.27
  
$
1.04
  
$
0.91
  
                   
DILUTED
                          
                           
Earnings:
                          
Net income
 
$
2,417,137
  
$
1,633,888
  
$
6,471,411
  
$
5,597,564
  
                   
Weighted average number of common shares outstanding
    
6,235,994
   
6,132,229
   
6,201,429
   
6,124,389
 
                           
Assuming exercise of options, reduced by the number of shares which could have been purchased with the proceeds from exercise of such options at the average issue price
    
110,276
   
226,080
   
106,831
   
219,771
 
                           
Weighted average number of common shares outstanding, as adjusted
    
6,346,270
   
6,358,309
   
6,308,260
   
6,344,160
 
                   
                           
Fully diluted earnings per common share
  
$
0.38
  
$
0.26
  
$
1.02
  
$
0.88