Metro Bancorp (METR) 10-Q 2014 Q2 Quarterly report

Exhibit 11.	Metro Bancorp, Inc.
	Computation of Net Income Per Common Share

For the Quarter Ended June 30, 2014
	Income			Shares	Per Share Amount
Basic Earnings Per Common Share:
Net income	$	5,081,000
Preferred stock dividends	(20,000		)
Income available to common stockholders	5,061,000			14,183,569	$	0.36
Effect of Dilutive Securities:
Stock options				203,698
Diluted Earnings Per Common Share:
Income available to common stockholders plus   assumed conversions	$	5,061,000		14,387,267	$	0.35
For the Quarter Ended June 30, 2013
	Income			Shares	Per Share Amount
Basic Earnings Per Common Share:
Net income	$	4,048,000
Preferred stock dividends	(20,000		)
Income available to common stockholders	4,028,000			14,136,736	$	0.28
Effect of Dilutive Securities:
Stock options				119,268
Diluted Earnings Per Common Share:
Income available to common stockholders plus   assumed conversions	$	4,028,000		14,256,004	$	0.28
For the Six Months Ended June 30, 2014
	Income			Shares	Per Share Amount
Basic Earnings Per Common Share:
Net income	$	10,025,000
Preferred stock dividends	(40,000		)
Income available to common stockholders	9,985,000			14,172,196	$	0.70
Effect of Dilutive Securities:
Stock options				193,781
Diluted Earnings Per Common Share:
Income available to common stockholders plus   assumed conversions	$	9,985,000		14,365,977	$	0.70
For the Six Months Ended June 30, 2013
	Income			Shares	Per Share Amount
Basic Earnings Per Common Share:
Net income	$	7,693,000
Preferred stock dividends	(40,000		)
Income available to common stockholders	7,653,000			14,134,341	$	0.54
Effect of Dilutive Securities:
Stock options				75,009
Diluted Earnings Per Common Share:
Income available to common stockholders plus   assumed conversions	$	7,653,000		14,209,350	$	0.54