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Exhibit 11. | Metro Bancorp, Inc. |
Computation of Net Income Per Common Share |
For the Quarter Ended March 31, 2014 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Common Share: | ||||||||||||
Net income | $ | 4,944,000 | ||||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Income available to common stockholders | 4,924,000 | 14,160,697 | $ | 0.35 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 183,291 | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 4,924,000 | 14,343,988 | $ | 0.34 | |||||||
For the Quarter Ended March 31, 2013 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Common Share: | ||||||||||||
Net income | $ | 3,645,000 | ||||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Income available to common stockholders | 3,625,000 | 14,131,919 | $ | 0.26 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 29,251 | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 3,625,000 | 14,161,170 | $ | 0.26 |