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EXHIBIT 11
Flagstar Bancorp, Inc.
Computation of Net Earnings per Share
Flagstar Bancorp, Inc.
Computation of Net Earnings per Share
Net loss per share — basic and net loss 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 | ||||||||
| March 31, | ||||||||
| 2009 | 2008 | |||||||
| Net loss | $ | (67,417 | ) | $ | (10,599 | ) | ||
| Average common shares outstanding | 88,210 | 60,312 | ||||||
| Net loss per share — basic | $ | (0.76 | ) | $ | (0.18 | ) | ||
| Average common share equivalents outstanding | 88,210 | 60,753 | ||||||
| Net loss per share — diluted | $ | (0.76 | ) | $ | (0.18 | ) | ||