EXHIBIT 11
MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
Computation of Earnings Per Share (Unaudited)
For the Three and Six Months Ended June 30, 2006 and 2005
Computation of Earnings Per Share (Unaudited)
For the Three and Six Months Ended June 30, 2006 and 2005
Second Quarter | Second Quarter | Year-to-Date | Year-to-Date | |||||||||||||
June 30, | June 30, | June 30, | June 30, | |||||||||||||
2006 | 2005 | 2006 | 2005 | |||||||||||||
BASIC | ||||||||||||||||
Earnings: | ||||||||||||||||
Income applicable to common stock | $ | 2,235,754 | $ | 2,040,253 | $ | 4,054,274 | $ | 3,963,676 | ||||||||
Shares: | ||||||||||||||||
Weighted average number of common shares outstanding | 4,958,809 | 4,897,241 | 4,945,456 | 4,891,197 | ||||||||||||
Earnings per common share: | ||||||||||||||||
Income applicable to common stock | $ | 0.45 | $ | 0.42 | $ | 0.82 | $ | 0.81 | ||||||||
DILUTED | ||||||||||||||||
Earnings: | ||||||||||||||||
Net income | $ | 2,235,754 | $ | 2,040,253 | $ | 4,054,274 | $ | 3,963,676 | ||||||||
Weighted average number of common shares outstanding | 4,958,809 | 4,897,241 | 4,945,456 | 4,891,197 | ||||||||||||
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 | 96,730 | 171,680 | 94,972 | 175,701 | ||||||||||||
Weighted average number of common shares outstanding, as adjusted | 5,055,539 | 5,068,921 | 5,040,428 | 5,066,898 | ||||||||||||
Fully diluted earnings per common share | $ | 0.44 | $ | 0.40 | $ | 0.80 | $ | 0.78 | ||||||||