EXHIBIT 11
Flagstar Bancorp, Inc.
Computation of Net (Loss) Earnings per Share
Flagstar Bancorp, Inc.
Computation of Net (Loss) Earnings per Share
Net (loss) earnings per share — basic and net (loss) earnings per share — diluted are computed by dividing each such (loss) 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 Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2007 | 2006 | 2007 | 2006 | |||||||||||||
Net (loss) earnings | $ | (32,055 | ) | $ | 20,752 | $ | (9,165 | ) | $ | 68,303 | ||||||
Average common shares outstanding | 60,265 | 63,548 | 61,450 | 63,475 | ||||||||||||
Net (loss) earnings per share – basic | $ | (0.53 | ) | $ | 0.33 | $ | (0.15 | ) | $ | 1.08 | ||||||
Average common share equivalents outstanding | 60,636 | 64,304 | 61,874 | 64,323 | ||||||||||||
Net (loss) earnings per share — diluted | $ | (0.53 | ) | $ | 0.32 | $ | (0.15 | ) | $ | 1.06 |
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