Exhibit 11. | Metro Bancorp, Inc. |
Computation of Net Income Per Share |
For the Quarter Ended June 30, 2011 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Share: | ||||||||||||
Net income | $ | 1,992,000 | ||||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Income available to common stockholders | 1,972,000 | 13,860,285 | $ | 0.14 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | — | |||||||||||
Diluted Earnings Per Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 1,972,000 | 13,860,285 | $ | 0.14 | |||||||
For the Quarter Ended June 30, 2010 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Share: | ||||||||||||
Net income | $ | 360,000 | ||||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Income available to common stockholders | 340,000 | 13,508,765 | $ | 0.02 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 5,102 | |||||||||||
Diluted Earnings Per Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 340,000 | 13,513,867 | $ | 0.02 | |||||||
For the Six Months Ended June 30, 2011 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Share: | ||||||||||||
Net income | $ | 3,524,000 | ||||||||||
Preferred stock dividends | (40,000 | ) | ||||||||||
Income available to common stockholders | 3,484,000 | 13,819,658 | $ | 0.25 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | — | |||||||||||
Diluted Earnings Per Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 3,484,000 | 13,819,658 | $ | 0.25 | |||||||
For the Six Months Ended June 30, 2010 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Share: | ||||||||||||
Net income | $ | 366,000 | ||||||||||
Preferred stock dividends | (40,000 | ) | ||||||||||
Loss available to common stockholders | 326,000 | 13,489,070 | $ | 0.02 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 4,846 | |||||||||||
Diluted Earnings Per Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 326,000 | 13,493,916 | $ | 0.02 |