EXHIBIT 11
PEOPLES BANCORP INC. AND SUBSIDIARIES
Computation of Earnings Per Share
For the Three Months For the Six Months
(dollars in thousands, except share data) Ended June 30, Ended June 30,
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2001 2000 2001 2000
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BASIC EARNINGS PER SHARE
EARNINGS:
Net income $3,005 $2,700 $5,601 $5,561
AVERAGE SHARES OUTSTANDING:
Weighted average Common Shares outstanding 6,571,387 6,515,837 6,551,796 6,520,208
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BASIC EARNINGS PER SHARE $0.46 $0.41 $0.85 $0.85
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DILUTED EARNINGS PER SHARE
EARNINGS:
Net income $3,005 $2,700 $5,601 $5,561
AVERAGE SHARES OUTSTANDING:
Weighted average Common Shares outstanding 6,571,387 6,515,837 6,551,796 6,520,208
Net effect of the assumed exercise of stock options
based on the treasury stock method 96,913 84,415 92,397 95,075
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Total 6,668,300 6,600,252 6,644,193 6,615,283
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DILUTED EARNINGS PER SHARE $0.45 $0.41 $0.84 $0.84
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