EX-11 3 dex11.txt COMPUTATION OF EARNINGS PER SHARE 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 -------------------------- ------------------------------ 2001 2000 2001 2000 ----------- ----------- ----------- ------------ Net income $ 143,006 $ 129,393 $ 259,133 $ 261,713 =========== =========== =========== ============ Diluted weighted average shares: Basic weighted average shares outstanding 148,160 147,485 148,044 148,068 Effect of stock options 1,025 747 1,005 720 Unallocated ESOP shares 113 167 113 167 ----------- ----------- ----------- ------------ Diluted weighted average shares: 149,298 148,399 149,162 148,955 =========== =========== =========== ============ Basic EPS $ 0.97 $ 0.88 $ 1.75 $ 1.77 =========== =========== =========== ============ Diluted EPS $ 0.96 $ 0.87 $ 1.74 $ 1.76 =========== =========== =========== ============