Exhibit 11. | Metro Bancorp, Inc. |
Computation of Net Income (Loss) Per Common Share |
For the Quarter Ended September 30, 2012 | ||||||||||||
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 | 14,129,049 | $ | 0.14 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 62 | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 1,972,000 | 14,129,111 | $ | 0.14 | |||||||
For the Quarter Ended September 30, 2011 | ||||||||||||
Loss | Shares | Per Share Amount | ||||||||||
Basic Loss Per Common Share: | ||||||||||||
Net loss | $ | (5,718,000 | ) | |||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Loss available to common stockholders | (5,738,000 | ) | 13,959,237 | $ | (0.41 | ) | ||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | — | |||||||||||
Diluted Loss Per Common Share: | ||||||||||||
Loss available to common stockholders plus assumed conversions | $ | (5,738,000 | ) | 13,959,237 | $ | (0.41 | ) | |||||
For the Nine Months Ended September 30, 2012 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Common Share: | ||||||||||||
Net income | $ | 7,438,000 | ||||||||||
Preferred stock dividends | (60,000 | ) | ||||||||||
Income available to common stockholders | 7,378,000 | 14,127,555 | $ | 0.52 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | — | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 7,378,000 | 14,127,555 | $ | 0.52 | |||||||
For the Nine Months Ended September 30, 2011 | ||||||||||||
Loss | Shares | Per Share Amount | ||||||||||
Basic Loss Per Common Share: | ||||||||||||
Net loss | $ | (2,194,000 | ) | |||||||||
Preferred stock dividends | (60,000 | ) | ||||||||||
Loss available to common stockholders | (2,254,000 | ) | 13,866,695 | $ | (0.16 | ) | ||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | — | |||||||||||
Diluted Loss Per Common Share: | ||||||||||||
Loss available to common stockholders plus assumed conversions | $ | (2,254,000 | ) | 13,866,695 | $ | (0.16 | ) |