EXHIBIT 11
MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE (Unaudited)
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004
COMPUTATION OF EARNINGS PER SHARE (Unaudited)
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004
Third Quarter | Third Quarter | Year-to-Date | Year-to-Date | |||||||||||||
September 30, | September 30, | September 30, | September 30, | |||||||||||||
2005 | 2004 | 2005 | 2004 | |||||||||||||
BASIC | ||||||||||||||||
Earnings: | ||||||||||||||||
Income applicable to common stock | $ | 1,633,888 | $ | 1,954,116 | $ | 5,597,564 | $ | 5,360,431 | ||||||||
Shares: | ||||||||||||||||
Weighted average number of common shares outstanding | 4,905,783 | 4,376,703 | 4,899,511 | 4,380,830 | ||||||||||||
Earnings per common share: | ||||||||||||||||
Income applicable to common stock | $ | 0.33 | $ | 0.45 | $ | 1.14 | $ | 1.22 | ||||||||
DILUTED | ||||||||||||||||
Earnings: | ||||||||||||||||
Net income | $ | 1,633,888 | $ | 1,954,116 | $ | 5,597,564 | $ | 5,360,431 | ||||||||
Weighted average number of common shares outstanding | 4,905,783 | 4,376,703 | 4,899,511 | 4,380,830 | ||||||||||||
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 | 180,864 | 197,985 | 175,817 | 197,091 | ||||||||||||
Weighted average number of common shares outstanding, as adjusted | 5,086,647 | 4,574,688 | 5,075,328 | 4,577,921 | ||||||||||||
Fully diluted earnings per common share | $ | 0.32 | $ | 0.43 | $ | 1.10 | $ | 1.17 | ||||||||