EX-11 2 0002.txt 2ND QTR 2000 - EXHIBIT 11 EXHIBIT 11 MBIA INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE ASSUMING DILUTION (In thousands except per share amounts)
THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30 JUNE 30 -------------------- -------------------- 2000 1999 2000 1999 -------- -------- -------- -------- Net income $129,393 $56,793 $261,713 $66,213 ======== ======== ======== ======== Diluted weighted average shares: Basic weighted average shares outstanding 98,323 99,671 98,712 99,609 Effect of stock options 498 775 480 777 Unallocated ESOP shares 111 147 111 147 -------- -------- -------- -------- Diluted weighted average shares: 98,932 100,593 99,303 100,533 ======== ======== ======== ======== Basic EPS $ 1.32 $ 0.57 $ 2.65 $ 0.66 ======== ======== ======== ======== Diluted EPS $ 1.31 $ 0.56 $ 2.64 $ 0.66 ======== ======== ======== ========