EX-11 3 l96794aexv11.txt EX-11 COMPUTATION OF PER SHARE EARNINGS Exhibit 11 CHARTER ONE FINANCIAL, INC. COMPUTATION OF PER SHARE EARNINGS
THREE MONTHS ENDED NINE MONTHS ENDED -------------------------------- -------------------------------- 9/30/02 9/30/01 9/30/02 9/30/01 ------- ------- ------- ------- (DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA) BASIC EARNINGS PER SHARE(1): Net income................................... $ 143,562 $ 130,433 $ 431,942 $ 365,635 =============== =============== =============== =============== Weighted average common shares outstanding................................. 228,765,954 235,945,178 230,549,330 231,479,675 =============== =============== =============== =============== Basic earnings per share..................... $ .63 $ .55 $ 1.87 $ 1.58 =============== =============== =============== =============== DILUTED EARNINGS PER SHARE(1): Net income................................... $ 143,562 $ 130,433 $ 431,942 $ 365,635 =============== =============== =============== =============== Weighted average common shares outstanding................................. 228,765,954 235,945,178 230,549,330 231,479,675 Add common stock equivalents for shares issuable under stock option plans.... 6,849,503 6,163,193 7,104,231 5,892,041 --------------- --------------- --------------- --------------- Weighted average common and common equivalent shares outstanding............... 235,615,457 242,108,371 237,653,561 237,371,716 =============== =============== =============== =============== Diluted earnings per share................... $ .61 $ .54 $ 1.82 $ 1.54 =============== =============== =============== ===============
------------------------- (1) Restated to reflect the 5% stock dividend issued September 30, 2002. 31