EX-11 3 dex11.txt COMPUTATION OF CONSOLIDATED EARNINGS EXHIBIT 11 FIFTH THIRD BANCORP COMPUTATION OF CONSOLIDATED EARNINGS PER SHARE FOR THE YEARS ENDED DECEMBER 31 ($ and share data in thousands, except per share data)
2002 2001 2000 1999 1998 ---- ---- ---- ---- ---- Net Income $1,633,973 1,093,031 1,140,493 946,607 806,910 ====================================================== Earnings per share: Weighted average number of shares outstanding (a) 580,327 575,254 565,686 562,041 558,534 ====================================================== Per share (net income divided by the weighted average number of shares outstanding) $ 2.82 1.90 2.02 1.68 1.44 ====================================================== Earnings per diluted share: Net income $1,633,973 1,093,031 1,140,493 946,607 806,910 Add - Interest on 6% convertible subordinated notes due 2028 and preferred dividends, net of applicable income taxes 580 5,500 7,308 7,308 3,944 ------------------------------------------------------ Adjusted net income $1,634,553 1,098,531 1,147,801 953,915 810,854 ====================================================== Adjusted weighted average number of shares outstanding - after giving effect to the conversion of stock options, convertible subordinated notes and preferred dividends (a) 592,020 591,316 578,973 575,895 571,085 ====================================================== Per share (adjusted net income divided by the adjusted weighted average number of shares outstanding) $ 2.76 1.86 1.98 1.66 1.42 ======================================================
(a) Per share amounts and average shares outstanding have been adjusted for the three-for-two stock splits effected in the form of stock dividends paid July 14, 2000 and April 15, 1998.