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EXHIBIT 11
PEOPLES BANCORP INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(Dollars in thousands, except per share data) | For the Three | ||
Months Ended | |||
March 31, | |||
2007 | 2006 | ||
BASIC EARNINGS PER SHARE | |||
EARNINGS: | |||
Net income | $5,646 | $5,931 | |
AVERAGE SHARES OUTSTANDING: | |||
Weighted-average common shares outstanding | 10,584,893 | 10,530,444 | |
BASIC EARNINGS PER SHARE | $0.53 | $0.56 | |
DILUTED EARNINGS PER SHARE | |||
EARNINGS: | |||
Net income | $5,646 | $5,931 | |
AVERAGE SHARES OUTSTANDING: | |||
Weighted-average common shares outstanding | 10,584,893 | 10,530,444 | |
Net effect of the assumed exercise of stock options based | |||
on the treasury stock method | 85,255 | 124,789 | |
Total weighted-average diluted common shares | 10,670,148 | 10,655,233 | |
DILUTED EARNINGS PER SHARE | $0.53 | $0.56 | |