EX-11 3 l91809aex11.txt EX-11 COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11 CHARTER ONE FINANCIAL, INC. COMPUTATION OF PER SHARE EARNINGS
THREE MONTHS ENDED TWELVE MONTHS ENDED --------------------------- --------------------------- 12/31/01 12/31/00 12/31/01 12/31/00 ------------ ------------ ------------ ------------ (DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA) BASIC EARNINGS PER SHARE(1): Weighted average number of common shares outstanding ................. 224,524,427 218,367,756 221,473,731 224,397,762 ============ ============ ============ ============ Net income ............................ $ 135,079 $ 109,374 $ 500,714 $ 433,962 ============ ============ ============ ============ Basic earnings per share .............. $ .60 $ .50 $ 2.25 $ 1.93 ============ ============ ============ ============ DILUTED EARNINGS PER SHARE(1): Weighted average number of common shares outstanding ................. 224,524,427 218,367,756 221,473,731 224,397,762 Add common stock equivalents for shares issuable under stock option plans .. 5,398,191 4,514,013 5,558,149 4,073,501 ------------ ------------ ------------ ------------ Weighted average number of common and common equivalent shares outstanding ........................ 229,922,618 222,881,769 227,031,880 228,471,263 ============ ============ ============ ============ Net income ............................ $ 135,079 $ 109,374 $ 500,714 $ 433,962 ============ ============ ============ ============ Diluted earnings per share ............ $ .59 $ .49 $ 2.21 $ 1.90 ============ ============ ============ ============
------------------------------------ (1) Restated to reflect the 5% stock dividend issued September 28, 2001.