TCF Financial 10-Q 2001 Q2 Quarterly report

Exhibit 11 - Computation of Earnings Per Common Share

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

Computation of Earnings Per Common Share
(Dollars in thousands, except per-share data)
(Unaudited)

Computations of Basic Earnings Per Common				Three Months Ended				Six Months Ended
Share for Statement of Operations:				June 30,				June 30,
				2001		2000		2001		2000
Net income				$	52,014	$	46,662	$	100,237	$	87,383
Weighted average common shares outstanding				76,243,092		78,340,026		76,708,337		79,159,831
Basic earnings per common share				$	.68	$	.60	$	1.31	$	1.10
Computation of Diluted Earnings Per Common Share for Statements of Operations:
Net income				$	52,014	$	46,662	$	100,237	$	87,383
Weighted average number of common shares outstanding adjusted for effect of dilutive securities:
	Weighted average common shares outstanding used in basic earnings per common share calculation			76,243,092		78,340,026		76,708,337		79,159,831
	Net dilutive effect of:
		Stock option plans		148,417		82,456		147,355		77,012
			Restricted stock plans	822,015		587,035		824,730		513,436
				77,213,524		79,009,517		77,680,422		79,750,279
Diluted earnings per common share				$	.67	$	.59	$	1.29	$	1.10