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MIDSOUTH BANCORP, INC. AND SUBSIDIARIES | EXHIBIT 11 | |
COMPUTATION OF EARNINGS PER SHARE (Unaudited) |
First Quarter | First Quarter | |||||||
March 31, | March 31, | |||||||
2005 | 2004 | |||||||
BASIC | ||||||||
Earnings: | ||||||||
Income applicable to common stock | $ | 1,923,423 | $ | 1,660,948 | ||||
Shares: | ||||||||
Weighted average number of common shares outstanding | 4,440,994 | 3,980,421 | ||||||
Earnings per common share: | ||||||||
Income applicable to common stock | $ | 0.43 | $ | 0.42 | ||||
DILUTED | ||||||||
Earnings: | ||||||||
Net income | $ | 1,923,423 | $ | 1,660,948 | ||||
Weighted average number of common shares outstanding | 4,440,994 | 3,980,421 | ||||||
Assuming exercise of options, reduced by the number of shares which could have been purchased with the proceeds from exercise of such options at the average issue price | 179,940 | 187,270 | ||||||
Weighted average number of common shares outstanding, as adjusted | 4,620,934 | 4,167,691 | ||||||
Fully diluted earnings per common share | $ | 0.42 | $ | 0.40 | ||||