EX-11 3 y54838ex11.txt STATEMENT REGARDING COMPUTATION EXHIBIT 11. STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
Nine Months Ended September 30, 2001 ------------------------ (In Thousands, Except Per Share Data) 1. Net Income $168,053 Less: Preferred stock dividends declared 4,500 -------- Net income available to common shareholders $163,553 ======== 2. Weighted average common shares outstanding 48,704 3. ESOP shares not committed to be released 2,778 -------- 4. Total weighted average common shares outstanding 45,926 ======== 5. Basic earnings per common share $ 3.56 ======== 6. Total weighted average common shares outstanding 45,926 7. Dilutive effect of stock options using the treasury stock method 905 -------- 8. Total average common and common equivalent shares 46,831 ======== 9. Diluted earnings per common share $ 3.49 ========
Share data and per share data have not been adjusted to reflect the two-for-one stock split occurring on December 3, 2001. 42