EX-11.0 3 dex110.htm COMPUTATION OF EARNINGS PER SHARE COMPUTATION OF EARNINGS PER SHARE

EXHIBIT 11.0

FIRST BELL BANCORP, INC.
COMPUTATION OF PRIMARY AND FULLY DILUTED EARNINGS PER SHARE
FOR THE THREE MONTHS ENDED MARCH 31, 2003 and 2002
(unaudited, in thousands, except per share amounts)

 

 

Three Months Ended
March 31, 2003

 

Three Months Ended
March 31, 2002

 

 

 

 

 

 

 

Income

 

Weighted
Average
Shares

 

Per
Share

 

Income

 

Weighted
Average
Shares

 

Per
Share

 

 

 

 

 

 

 

 

 

Income available to Common stockholders

 

$

1,792

 

 

4,536

 

 

—  

 

$

1,975

 

 

4,761

 

 

—  

 

Unearned MRP shares

 

 

—  

 

 

(181

)

 

—  

 

 

—  

 

 

(181

)

 

—  

 

Unearned ESOP shares

 

 

—  

 

 

(424

)

 

—  

 

 

—  

 

 

(458

)

 

—  

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

 

1,792

 

 

3,931

 

$

0.46

 

 

1,975

 

 

4,122

 

$

0.48

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

—  

 

 

203

 

 

—  

 

 

—  

 

 

103

 

 

—  

 

 

 

 

 

 

 

 

 

Diluted earnings per share

 

$

1,792

 

 

4,134

 

$

0.43

 

$

1,975

 

 

4,225

 

$

0.47