EX-11.1 8 0008.txt EXHIBIT 11.1 EXHIBIT 11.1 SunTrust Banks, Inc. Statement re: Computation of Per Share Earnings (In thousands, except per share data)
Year Ended December 31 -------------------------------------------------------- 2000 1999 1998 ----------------- ---------------- -------------- Basic Income before extraordinary gain $ 1,294,100 $ 1,123,952 $ 971,017 Extraordinary gain, net of taxes - 202,648 - ----------------- ---------------- -------------- Net income $ 1,294,100 $ 1,326,600 $ 971,017 ----------------- ---------------- -------------- Average basic common shares 297,834 317,079 314,908 ----------------- ---------------- -------------- Income before extraordinary gain $ 4.35 $ 3.54 $ 3.08 Extraordinary gain, net of taxes - 0.64 - ----------------- ---------------- -------------- Earnings per common share - basic $ 4.35 $ 4.18 $ 3.08 ================= ================ ============== Diluted Income before extraordinary gain $ 1,294,100 $ 1,123,952 $ 971,017 Extraordinary gain, net of taxes - 202,648 - ----------------- ---------------- -------------- Net income $ 1,294,100 $ 1,326,600 $ 971,017 ----------------- ---------------- -------------- Average common shares outstanding 297,834 317,079 314,908 Incremental shares outstanding (1) 3,122 4,095 4,803 ----------------- ---------------- -------------- Average diluted common shares 300,956 321,174 319,711 ----------------- ---------------- -------------- Income before extraordinary gain $ 4.30 $ 3.50 $ 3.04 Extraordinary gain, net of taxes - 0.63 - ----------------- ---------------- -------------- Earnings per common share - diluted $ 4.30 $ 4.13 $ 3.04 ================= ================ ==============
Year Ended December 31 ---------------------------------------------------- 1997 1996 1995 -------------- --------------- -------------- Basic Income before extraordinary gain $ 975,923 $ 858,950 $ 802,761 Extraordinary gain, net of taxes - - - -------------- --------------- -------------- Net income $ 975,923 $ 858,950 $ 802,761 -------------- --------------- -------------- Average basic common shares 316,436 326,502 333,212 -------------- --------------- -------------- Income before extraordinary gain $ 3.08 $ 2.63 $ 2.41 Extraordinary gain, net of taxes - - - -------------- --------------- -------------- Earnings per common share - basic $ 3.08 $ 2.63 $ 2.41 ============== =============== ============== Diluted Income before extraordinary gain $ 975,923 $ 858,950 $ 802,761 Extraordinary gain, net of taxes - - - -------------- --------------- -------------- Net income $ 975,923 $ 858,950 $ 802,761 -------------- --------------- -------------- Average common shares outstanding 316,436 326,502 333,212 Incremental shares outstanding (1) 4,496 4,540 4,267 -------------- --------------- -------------- Average diluted common shares 320,932 331,042 337,479 -------------- --------------- -------------- Income before extraordinary gain $ 3.04 $ 2.59 $ 2.38 Extraordinary gain, net of taxes - - - -------------- --------------- -------------- Earnings per common share - diluted $ 3.04 $ 2.59 $ 2.38 ============== =============== ==============
(1) Includes the incremental effect of stock options and restricted stock outstanding computed under the treasury stock method.