EXHIBIT 11
PEOPLES BANCORP INC. AND SUBSIDIARIES
Computation of Earnings Per Share
For the Three For the Nine
Months Ended Months Ended
(dollars in thousands, except per share data) September 30, September 30,
2002 2001 2002 2001
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BASIC EARNINGS PER SHARE
EARNINGS:
Income before extraordinary gain $ 4,619 $ 3,197 $ 13,309 $ 8,798
Net income $ 4,619 $ 3,197 $ 13,719 $ 8,798
AVERAGE SHARES OUTSTANDING:
Weighted average Common Shares outstanding 7,896,663 7,889,519 7,870,408 7,914,815
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BASIC EARNINGS PER SHARE:
Income before extraordinary gain $ 0.58 $ 0.41 $ 1.69 $ 1.11
Net income $ 0.58 $ 0.41 $ 1.74 $ 1.11
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DILUTED EARNINGS PER SHARE
EARNINGS:
Income before extraordinary gain $ 4,619 $ 3,197 $ 13,309 $ 8,798
Net income $ 4,619 $ 3,197 $ 13,719 $ 8,798
AVERAGE SHARES OUTSTANDING:
Weighted average Common Shares outstanding 7,896,663 7,889,519 7,870,408 7,914,815
Net effect of the assumed exercise of stock
options based on the treasury stock method 253,340 144,166 213,825 120,342
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Total 8,150,003 8,033,685 8,084,233 8,035,157
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BASIC EARNINGS PER SHARE:
Income before extraordinary gain $ 0.57 $ 0.40 $ 1.65 $ 1.09
Net income $ 0.57 $ 0.40 $ 1.70 $ 1.09
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