Exhibit 11. | Metro Bancorp, Inc. |
Computation of Net Income Per Common Share |
For the Quarter Ended June 30, 2012 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Common Share: | ||||||||||||
Net income | $ | 2,762,000 | ||||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Income available to common stockholders | 2,742,000 | 14,127,500 | $ | 0.19 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | — | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 2,742,000 | 14,127,500 | $ | 0.19 | |||||||
For the Quarter Ended June 30, 2011 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Common 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 Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 1,972,000 | 13,860,285 | $ | 0.14 | |||||||
For the Six Months Ended June 30, 2012 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Common Share: | ||||||||||||
Net income | $ | 5,446,000 | ||||||||||
Preferred stock dividends | (40,000 | ) | ||||||||||
Income available to common stockholders | 5,406,000 | 14,126,800 | $ | 0.38 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | — | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 5,406,000 | 14,126,800 | $ | 0.38 | |||||||
For the Six Months Ended June 30, 2011 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Common 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 Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 3,484,000 | 13,819,658 | $ | 0.25 |