If you use the quadratic formula to find a general equation for eigenvalues you get this:
$ M= \left[ {\begin{array}{cc} 1 & b \\ c & d \\ \end{array} } \right] $
$v =$ eigenvalue(s) of the matrix (quadratic)
So:
$det(M)=0$
$(a-v)(d-v)-(b)(c)=0$
$v^2-av-dv+ad-bc=0$
$(1)v^2+(-a-d)v+(ad-bc)=0$
So if we use the quadratic formula:
$h=1$
$j=-a-d$
$k=ad-bc$
$v=\frac{-j\pm\sqrt{j^2-4hk}}{2h}$
Expanding we get:
$v=\frac{a+d\pm\sqrt{a^2+2ad+d^2-4ad+4bc}}{2}$
Then symplifying...
$v=\frac{1}{2}+\frac{d\pm\sqrt{a^2+d^2+4bc-2ad}}{2}$
My question is: is there an intuitive reason the value is offset by a constant 0.5? Or is this just one of those "it just is" things?
The product of the eigenvalues equals the determinant, and the sum of the eigenvalues equals the trace. The trace of $M$ is $1+d$, which means the average of the two eigenvalues is $\frac{1+d}{2}$. Your explicit calculation backs that up.