EXHIBIT 11
PEOPLES BANCORP INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
Three Months Ended | Six Months Ended | ||||||
June 30, | June 30, | ||||||
(dollars in thousands, except per share data) | 2007 | 2006 | 2007 | 2006 | |||
BASIC EARNINGS PER SHARE | |||||||
EARNINGS: | |||||||
Net income | $ 5,349 | $ 5,536 | $ 10,995 | $ 11,467 | |||
AVERAGE SHARES OUTSTANDING: | |||||||
Weighted-average common shares outstanding | 10,503,952 | 10,591,926 | 10,544,199 | 10,561,355 | |||
BASIC EARNINGS PER SHARE | $ 0.51 | $ 0.52 | $ 1.04 | $ 1.09 | |||
DILUTED EARNINGS PER SHARE | |||||||
EARNINGS: | |||||||
Net income | $ 5,349 | $ 5,536 | $ 10,995 | $ 11,467 | |||
AVERAGE SHARES OUTSTANDING: | |||||||
Weighted-average common shares outstanding | 10,503,952 | 10,591,926 | 10,544,199 | 10,561,355 | |||
Diluted effect of outstanding stock options and unvested | |||||||
restricted common shares | 70,298 | 122,104 | 75,616 | 128,110 | |||
Total weighted-average diluted common shares | 10,574,250 | 10,714,030 | 10,619,815 | 10,689,465 | |||
DILUTED EARNINGS PER SHARE | $ 0.51 | $ 0.52 | $ 1.04 | $ 1.07 |