EXHIBIT 11
Flagstar Bancorp, Inc.
Computation of Net Earnings per Share
Flagstar Bancorp, Inc.
Computation of Net Earnings per Share
Net earnings per share — basic and net earnings per share — diluted are computed by dividing each such earnings per share by the weighted average number of common stock and common stock equivalents outstanding during the period, respectively (in thousands, except per share data).
For the Three Months Ended | For the Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2007 | 2006 | 2007 | 2006 | |||||||||||||
Net earnings | $ | 15,131 | $ | 28,640 | $ | 22,890 | $ | 47,550 | ||||||||
Average common shares outstanding | 60,691 | 63,509 | 62,051 | 63,438 | ||||||||||||
Net earnings per share – basic | $ | 0.25 | $ | 0.45 | $ | 0.37 | $ | 0.75 | ||||||||
Average common share equivalents outstanding | 61,110 | 64,446 | 62,552 | 64,333 | ||||||||||||
Net earnings per share — diluted | $ | 0.25 | $ | 0.44 | $ | 0.37 | $ | 0.74 |