EXHIBIT 11
PEOPLES BANCORP INC. AND SUBSIDIARIES
Computation of Earnings Per Share
(dollars in thousands, except share data) For the Three
Months Ended
March 31,
2001 2000
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BASIC EARNINGS PER SHARE
EARNINGS:
Net income $2,596 $2,862
AVERAGE SHARES OUTSTANDING:
Weighted average Common Shares outstanding 6,531,986 6,602,504
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BASIC EARNINGS PER SHARE $0.40 $0.43
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DILUTED EARNINGS PER SHARE
EARNINGS:
Net income $2,596 $2,862
AVERAGE SHARES OUTSTANDING:
Weighted average Common Shares outstanding 6,531,986 6,602,504
Net effect of the assumed exercise of stock
options based on the treasury stock method 87,413 103,022
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Total 6,619,399 6,705,526
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DILUTED EARNINGS PER SHARE $0.39 $0.43
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