EXHIBIT 11
PEOPLES BANCORP INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
Three Months Ended March 31,
1995 1994
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PRIMARY EARNINGS PER SHARE
EARNINGS:
Net income $1,486,000 $1,306,000
COMMON SHARES OUTSTANDING:
Weighted average common shares outstanding 2,896,321 2,903,292
Add: Adjustment for outstanding stock options 10,692 6,246
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Subtotal 2,907,013 2,909,538
PRIMARY EARNINGS PER SHARE $0.51 $0.45
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FULLY DILUTED EARNINGS PER SHARE
EARNINGS:
Net income $1,486,000 $1,306,000
COMMON SHARES OUTSTANDING:
Weighted average common shares outstanding 2,896,321 2,903,292
Add: Adjustment for outstanding stock options 10,692 6,740
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Subtotal 2,907,013 2,910,032
FULLY DILUTED EARNINGS PER SHARE $0.51 $0.45
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