EX-11 2 k62594ex11.txt STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE 1 Exhibit (11) - Statement Re: Computation of Earnings Per Share COMPUTATION OF EARNINGS PER SHARE Comerica Incorporated and Subsidiaries (In thousands, except per share data)
Three Months Ended March 31 ------------------- 2001 2000 -------- -------- Basic: Average shares outstanding 177,679 176,879 ======== ======== Net income $ 93,592 $197,031 Less preferred stock dividends 4,275 4,275 -------- -------- Net income applicable to common stock $ 89,317 $192,756 ======== ======== Basic net income per share $0.50 $1.09 Diluted: Average shares outstanding 177,679 176,879 Nonvested stock 156 167 Common stock equivalent: Net effect of the assumed exercise of stock options 2,413 2,186 -------- -------- Diluted average shares 180,248 179,232 ======== ======== Net income $ 93,592 $197,031 Less preferred stock dividends 4,275 4,275 -------- -------- Net income applicable to common stock $ 89,317 $192,756 ======== ======== Diluted net income per share $0.50 $1.08