EX-11 3 l90928aex11.txt EXHIBIT 11--COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11 CHARTER ONE FINANCIAL, INC. COMPUTATION OF PER SHARE EARNINGS
THREE MONTHS ENDED NINE MONTHS ENDED --------------------------- --------------------------- 9/30/01 9/30/00 9/30/01 9/30/00 ------------ ------------ ------------ ------------ (DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA) BASIC EARNINGS PER SHARE(1): Weighted average number of common shares outstanding .................. 224,709,693 219,848,584 220,456,833 226,407,764 ============ ============ ============ ============ Net income ............................ $ 130,433 $ 109,592 $ 365,635 $ 324,588 ============ ============ ============ ============ Basic earnings per share .............. $ .58 $ .50 $ 1.65 $ 1.43 ============ ============ ============ ============ DILUTED EARNINGS PER SHARE(1): Weighted average number of common shares outstanding .................. 224,709,693 219,848,584 220,456,833 226,407,764 Add common stock equivalents for shares issuable under stock option plans ... 5,869,708 4,606,170 5,611,468 3,926,664 ------------ ------------ ------------ ------------ Weighted average number of common and common equivalent shares outstanding 230,579,401 224,454,754 226,068,301 230,334,428 ============ ============ ============ ============ Net income ............................ $ 130,433 $ 109,592 $ 365,635 $ 324,588 ============ ============ ============ ============ Diluted earnings per share ............ $ .57 $ .49 $ 1.62 $ 1.41 ============ ============ ============ ============
------------------------------------- (1) Restated to reflect the 5% stock dividend issued September 28, 2001. 4