EX-11 2 bxsex11.htm EX-11 bxsex11.htm
EXHIBIT 11
 
                   
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
 
                   
   
Year Ended December 31,
 
   
2011
   
2010
   
2009
 
Basic Earnings per Share
 
(In thousands, except per share amounts)
 
Average shares outstanding
    83,486       83,425       83,295  
                         
Income available to common shareholders
  $ 37,569     $ 22,942     $ 82,729  
                         
Basic earnings per share
  $ 0.45     $ 0.28     $ 0.99  
                         
                         
Diluted Earnings per Share
                       
Average common shares outstanding
    83,486       83,425       83,295  
Effect of dilutive stock options
    23       90       135  
                         
Average diluted shares outstanding
    83,509       83,515       83,430  
                         
Income available to common shareholders
  $ 37,569     $ 22,942     $ 82,729  
                         
Diluted earnings per share
  $ 0.45     $ 0.27     $ 0.99