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,
2002 2001
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BASIC EARNINGS PER SHARE
EARNINGS:
Income before extraordinary gain $4,105 $2,596
Net income $4,515 $2,596
AVERAGE SHARES OUTSTANDING:
Weighted average Common Shares outstanding 7,128,732 7,185,185
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BASIC EARNINGS PER SHARE:
Income before extraordinary gain $0.58 $0.36
Net income $0.63 $0.36
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DILUTED EARNINGS PER SHARE
EARNINGS:
Income before extraordinary gain $4,105 $2,596
Net income $4,515 $2,596
AVERAGE SHARES OUTSTANDING:
Weighted average Common Shares outstanding 7,128,732 7,185,185
Net effect of the assumed exercise of stock options based on the
treasury stock method 125,323 96,154
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Total 7,254,055 7,281,339
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BASIC EARNINGS PER SHARE:
Income before extraordinary gain $0.57 $0.36
Net income $0.62 $0.36
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