Exhibit 11. | Metro Bancorp, Inc. |
Computation of Net Income Per Common Share |
For the Quarter Ended September 30, 2013 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Common Share: | ||||||||||||
Net income | $ | 4,676,000 | ||||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Income available to common stockholders | 4,656,000 | 14,145,494 | $ | 0.33 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 169,679 | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 4,656,000 | 14,315,173 | $ | 0.33 | |||||||
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 Nine Months Ended September 30, 2013 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Common Share: | ||||||||||||
Net income | $ | 12,369,000 | ||||||||||
Preferred stock dividends | (60,000 | ) | ||||||||||
Income available to common stockholders | 12,309,000 | 14,138,099 | $ | 0.87 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 109,580 | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 12,309,000 | 14,247,679 | $ | 0.86 | |||||||
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 |