EXHIBIT 11
EAGLE FINANCIIAL SERVICES, INC. AND SUBSIDIARY
Computations of Weighted Average Shares Outstanding and Earnings Per Share
(Shares Outstanding End of Month)
1997 1996 1995
Shares Shares Shares
Outstanding Outstanding Outstanding
(As Restated) (As Restated)
------------ ------------ -------------
1,399,885 1,390,570 1,381,348
1,402,153 1,390,570 1,381,348
1,402,153 1,390,570 1,381,348
1,402,153 1,390,570 1,381,348
1,404,356 1,390,570 1,381,348
1,404,356 1,390,570 1,381,348
1,404,356 1,394,026 1,384,954
1,406,454 1,394,026 1,384,954
1,406,454 1,394,026 1,384,954
1,406,454 1,394,026 1,384,954
1,408,485 1,394,026 1,384,954
1,408,485 1,394,026 1,384,954
------------ ------------- -------------
16,855,744 16,707,576 16,597,812
12 12 12
- ------------ ------------ ------------- -------------
Weighted
Average
Shares
Outstanding 1,404,645 1,392,298 1,383,152
- ------------ ------------ ------------- -------------
Net Income 1,112,012 1,311,337 1,260,690
- ------------ ------------ ------------- -------------
Earnings Per
Share, Basic
and Assuming
Dilution 0.79 0.94 0.91
- ------------ ------------ ------------- -------------
41