EXHIBIT 11
PEOPLES BANCORP INC. AND SUBSIDIARIES
Computation of Earnings Per Share
For the Three For the Six
Months Ended Months Ended
(dollars in thousands, except share data) June 30, June 30,
2002 2001 2002 2001
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BASIC EARNINGS PER SHARE
EARNINGS:
Income before extraordinary gain $ 4,585 $ 3,005 $ 8,690 $ 5,601
Net income $ 4,585 $ 3,005 $ 9,100 $ 5,601
AVERAGE SHARES OUTSTANDING:
Weighted average Common Shares outstanding 7,873,795 7,951,378 7,857,062 7,927,673
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BASIC EARNINGS PER SHARE:
Income before extraordinary gain $ 0.58 $ 0.38 $ 1.11 $ 0.71
Net income $ 0.58 $ 0.38 $ 1.16 $ 0.71
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DILUTED EARNINGS PER SHARE
EARNINGS:
Income before extraordinary gain $ 4,585 $ 3,005 $ 8,690 $ 5,601
Net income $ 4,585 $ 3,005 $ 9,100 $ 5,601
AVERAGE SHARES OUTSTANDING:
Weighted average Common Shares outstanding 7,873,795 7,951,378 7,857,062 7,927,673
Net effect of the assumed exercise of stock
options based on the treasury stock method 228,252 117,265 188,547 111,801
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Total 8,102,047 8,068,643 8,045,609 8,039,474
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BASIC EARNINGS PER SHARE:
Income before extraordinary gain $ 0.57 $ 0.37 $ 1.08 $ 0.70
Net income $ 0.57 $ 0.37 $ 1.13 $ 0.70
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