EX-11 4 l95274aexv11.txt EX-11 COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11 CHARTER ONE FINANCIAL, INC. COMPUTATION OF PER SHARE EARNINGS
THREE MONTHS ENDED SIX MONTHS ENDED --------------------------------- ---------------------------------- 6/30/02 6/30/01 6/30/02 6/30/01 ------- ------- ------- ------- (DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA) BASIC EARNINGS PER SHARE(1): Net income .................................. $ 143,280 $ 120,412 $ 283,103 $ 235,202 =============== ============ ============ =============== Weighted average common shares outstanding ................................ 220,188,006 217,811,601 220,420,017 218,330,403 =============== ============ ============ =============== Basic earnings per share .................... $ .65 $ .55 $ 1.28 $ 1.07 =============== ============ ============ =============== DILUTED EARNINGS PER SHARE(1): Net income .................................. $ 143,280 $ 120,412 $ 283,103 $ 235,202 =============== ============ ============ =============== Weighted average common shares outstanding ................................ 220,188,006 217,811,601 220,420,017 218,330,403 Add common stock equivalents for shares issuable under stock option plans.... 7,548,463 5,569,873 6,887,234 5,482,348 --------------- ------------ ------------ --------------- Weighted average common and common equivalent shares outstanding .............. 227,736,469 223,381,474 227,307,251 223,812,751 =============== ============ ============ =============== Diluted earnings per share .................. $ .63 $ .54 $ 1.25 $ 1.05 =============== ============ ============ ===============
----------------------------- (1) Restated to reflect the 5% stock dividend issued September 28, 2001.