EXHIBIT 11
MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE (Unaudited)
COMPUTATION OF EARNINGS PER SHARE (Unaudited)
First Quarter | First Quarter | |||||||
March 31, | March 31, | |||||||
2006 | 2005 | |||||||
BASIC | ||||||||
Earnings: | ||||||||
Income applicable to common stock | $ | 1,818,520 | $ | 1,923,423 | ||||
Shares: | ||||||||
Weighted average number of common shares outstanding | 4,941,290 | 4,885,093 | ||||||
Earnings per common share: | ||||||||
Income applicable to common stock | $ | 0.37 | $ | 0.39 | ||||
DILUTED | ||||||||
Earnings: | ||||||||
Net income | $ | 1,818,520 | $ | 1,923,423 | ||||
Weighted average number of common shares outstanding | 4,941,290 | 4,885,093 | ||||||
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 | 138,469 | 197,934 | ||||||
Weighted average number of common shares outstanding, as adjusted | 5,079,759 | 5,083,027 | ||||||
Fully diluted earnings per common share | $ | 0.36 | $ | 0.38 | ||||