What did you weigh 11 weeks ago?
How much has your strength and/or reps improved on the main lifts?
You're definitely gaining fat. Whether you're gaining "too much" fat is partly up to you, and partly determined by trying to gauge how much muscle you're also gaining (as determined, largely, by progress in the gym). But the smart money says, yes, you're overdoing it.
At almost-40, you/we really need to approach "bulking" much more strategically because aging sucks and it can be that much harder to lose fat afterwards.
Long story short: eat more protein, dial back carbs (especially on non-training days), and strongly consider adding some easy-ish cardio a few days a week.