EX-11 3 k68423ex11.txt STATEMENT RE: COMPUTATION OF EARNINGS PER-SHARE EXHIBIT 11 Flagstar Bancorp, Inc. Computation of Net Earnings per Share Net earnings per share - basic and net earnings per share - diluted are computed by dividing this amount by the weighted average number of common stock and common stock equivalents outstanding during the period, respectively.
For the quarter For the nine months Ended September 30, ended September 30, 2001 2000 2001 2000 ------------- ------------ ------------ ------------- (In thousands, except share data) Net Earnings $ 24,567 $ 9,020 $ 53,959 $ 21,404 Average common shares outstanding 18,581 17,883 18,289 18,368 Net earnings per share -- basic $ 1.33 $ 0.50 $ 2.97 $ 1.17 Average common share equivalents outstanding 20,000 19,001 19,710 18,767 Net earnings per share -- diluted $ 1.23 $ 0.47 $ 2.75 $ 1.14
The data provided herein has been adjusted for the 3 for 2 stock split which was announced on June 26, 2001 and completed on July 12, 2001.