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EX-31.2 - EXHIBIT 31.2 - METRO BANCORP, INC.exhibit31210-qcertificatio.htm
EX-31.1 - EXHIBIT 31.1 - METRO BANCORP, INC.exhibit31110-qcertificatio.htm
EX-32 - EXHIBIT 32 - METRO BANCORP, INC.exhibit3210-qcertification.htm
10-Q - METRO BANCORP, INC. - FORM 10-Q - METRO BANCORP, INC.a2015q310q.htm


Exhibit 11.
Metro Bancorp, Inc.
 
Computation of Net Income Per Common Share

 
For the quarter ended September 30, 2015
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
4,815,000
 
 
 
 
 
 
Preferred stock dividends
(20,000
)
 
 
 
 
 
Income available to common stockholders
4,795,000
 
 
14,067,336

 
$
0.34

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
282,761

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
4,795,000
 
 
14,350,097

 
$
0.33

 
For the quarter ended September 30, 2014
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
5,501,000
 
 
 
 
 
 
Preferred stock dividends
(20,000
)
 
 
 
 
 
Income available to common stockholders
5,481,000
 
 
14,200,687

 
$
0.39

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
241,791

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
5,481,000
 
 
14,442,478

 
$
0.38

 
For the nine months ended September 30, 2015
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
14,714,000
 
 
 
 
 
 
Preferred stock dividends
(60,000
)
 
 
 
 
 
Income available to common stockholders
14,654,000
 
 
14,115,691

 
$
1.04

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
264,884

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
14,654,000
 
 
14,380,575

 
$
1.02

 
For the nine months ended September 30, 2014
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
15,526,000
 
 
 
 
 
 
Preferred stock dividends
(60,000
)
 
 
 
 
 
Income available to common stockholders
15,466,000
 
 
14,181,798

 
$
1.09

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
209,420

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
15,466,000
 
 
14,391,218

 
$
1.07