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HAMILTON BANCORP, INC. AND SUBSIDIARY
CALCULATION OF EARNINGS PER SHARE
(Dollars in thousands, except per share data)
EXHIBIT 11
Three Months Ended Nine Months Ended
September 30, September 30,
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1998 1997 1998 1997
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Basic
Weighted average number of
common shares outstanding 10,046,377 9,827,949 9,960,679 8,462,114
Net income $5,685 $4,630 $16,144 $11,193
Basic earnings $0.57 $0.47 $1.62 $1.32
Diluted:
Weighted average number of
common shares outstanding 10,046,377 9,827,949 9,960,679 8,462,114
Common equivalent shares
outstanding - options 431,260 371,156 375,520 371,156
Total common and common
equivalent shares outstanding 10,477,637 10,199,105 10,336,199 8,833,270
Net income $5,685 $4,630 $16,144 $11,193
Diluted earnings per share $0.54 $0.45 $1.56 $1.27
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