Exhibit 11. | Metro Bancorp, Inc. |
Computation of Net Income Per Common Share |
For the quarter ended September 30, 2015 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Common Share: | ||||||||||||
Net income | $ | 4,815,000 | ||||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Income available to common stockholders | 4,795,000 | 14,067,336 | $ | 0.34 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 282,761 | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 4,795,000 | 14,350,097 | $ | 0.33 | |||||||
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 nine months ended September 30, 2015 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Common Share: | ||||||||||||
Net income | $ | 14,714,000 | ||||||||||
Preferred stock dividends | (60,000 | ) | ||||||||||
Income available to common stockholders | 14,654,000 | 14,115,691 | $ | 1.04 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 264,884 | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 14,654,000 | 14,380,575 | $ | 1.02 | |||||||
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 |