EXHIBIT 11
PEOPLES BANCORP INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
<TABLE>
<CAPTION>
(dollars in thousands, except share data) For the Three For the Nine
Months Ended Months Ended
September 30, September 30,
2000 1999 2000 1999
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BASIC EARNINGS PER SHARE
EARNINGS:
<S> <C> <C> <C> <C>
Net income $2,882 $2,758 $8,444 $7,937
AVERAGE SHARES OUTSTANDING:
Weighted average Common Shares outstanding 6,518,187 6,763,341 6,532,434 6,872,698
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BASIC EARNINGS PER SHARE $0.44 $0.41 $1.29 $1.15
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DILUTED EARNINGS PER SHARE
EARNINGS:
Net income $2,882 $2,758 $8,444 $7,937
AVERAGE SHARES OUTSTANDING:
Weighted average Common Shares outstanding 6,518,187 6,763,341 6,532,434 6,872,698
Net effect of the assumed exercise of stock options
based on the treasury stock method 64,956 213,993 84,112 184,288
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Total 6,583,143 6,977,334 6,616,546 7,056,986
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DILUTED EARNINGS PER SHARE $0.44 $0.40 $1.28 $1.13
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</TABLE>
* Adjusted for 10% stock dividend issued March 14, 2000 and a 10% stock dividend
issued June 15, 1999.
