Exhibit 11. | Metro Bancorp, Inc. |
Computation of Net Income Per Common Share |
For the Quarter Ended September 30, 2014 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Common Share: | ||||||||||||
Net income | $ | 5,501,000 | ||||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Income available to common stockholders | 5,481,000 | 14,200,687 | $ | 0.39 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 241,791 | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 5,481,000 | 14,442,478 | $ | 0.38 | |||||||
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 | 189,816 | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 4,656,000 | 14,335,310 | $ | 0.32 | |||||||
For the Nine Months Ended September 30, 2014 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Common Share: | ||||||||||||
Net income | $ | 15,526,000 | ||||||||||
Preferred stock dividends | (60,000 | ) | ||||||||||
Income available to common stockholders | 15,466,000 | 14,181,798 | $ | 1.09 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 209,420 | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 15,466,000 | 14,391,218 | $ | 1.07 | |||||||
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 | 123,882 | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 12,309,000 | 14,261,981 | $ | 0.86 |