EX-11 4 l86561aex11.txt EX-11 COMPUTATION OF PER SHARE EARNINGS 1 EXHIBIT 11
CHARTER ONE FINANCIAL, INC. COMPUTATION OF PER SHARE EARNINGS FOR THE 3 FOR THE 3 FOR THE 12 FOR THE 12 MOS. ENDED MOS. ENDED MOS. ENDED MOS. ENDED DECEMBER 31, DECEMBER 31, DECEMBER 31, DECEMBER 31, 2000 1999 2000 1999 -------------- -------------- -------------- ------------- (DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA) Basic earnings per share: Income before extraordinary item...... $ 109,374 $ 19,706 $ 433,962 $ 335,530 ============== ============== ============== ============= Average common shares outstanding.......................... 207,969,291 222,028,146 213,712,154 223,743,476 ============== ============== ============== ============= Basic earnings per common share before extraordinary item............ $ .53 $ .09 $ 2.03 $ 1.50 ============== ============== ============== ============= Diluted earnings per share: Income before extraordinary item...... $ 109,374 $ 19,706 $ 433,962 $ 335,530 ============== ============== ============== ============= Average common shares outstanding.......................... 207,969,291 222,028,146 213,712,154 223,743,476 Add: Common stock equivalents for shares issuable under Stock Option Plan.... 4,299,060 3,814,572 3,879,525 4,994,683 -------------- -------------- -------------- ------------- Average common and common equivalent shares outstanding........ 212,268,351 225,842,718 217,591,679 228,738,159 ============== ============== ============== ============= Diluted earnings per common and common equivalent share before extraordinary item.................. $ .52 $ .09 $ 2.00 $ 1.47 ============== ============== ============== =============