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MIDSOUTH BANCORP, INC. AND SUBSIDIARIES EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE (Unaudited)
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2000 AND 1999
Second Quarter Second Quarter Year-to-Date Year-to-Date
June 30, June 30, June 30, June 30,
BASIC 2000 1999 2000 1999
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Earnings:
Income applicable to common
stock $756,154 $634,954 $1,266,363 $1,198,421
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Shares:
Weighted average number of
common shares outstanding 2,500,019 2,450,164 2,485,285 2,444,740
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Earnings per common share:
Income applicable to common
stock $0.30 $0.26 $0.51 $0.49
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DILUTED
Earnings:
Net income $791,559 $667,857 $1,339,827 $1,264,707
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Weighted average number of
common shares outstanding 2,500,019 2,450,164 2,485,285 2,444,740
Assuming exercise of options,
reduced by the number of
shares which could have
been purchased with the
proceeds from exercise of
such options at the
average issue price 28,342 56,160 32,851 56,750
Assuming conversion of
preferred stock at a
conversion rate of 1
to 2.998 shares 440,490 461,431 446,294 466,705
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Weighted average number of
common shares outstanding,
as adjusted 2,968,851 2,967,755 2,964,430 2,968,195
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Fully diluted earnings per
common share $0.27 $0.23 $0.45 $0.43
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