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Exhibit 11
CHARTER ONE FINANCIAL, INC.
COMPUTATION OF PER SHARE EARNINGS
Three Months Ended | Six Months Ended | ||||||||||||||||
6/30/00 | 6/30/99 | 6/30/00 | 6/30/99 | ||||||||||||||
(Dollars in thousands, except per share data) | |||||||||||||||||
Basic earnings per share: | |||||||||||||||||
Weighted average number of common shares outstanding | 207,241,293 | 214,209,456 | 208,333,201 | 214,187,266 | |||||||||||||
Net income | $ | 103,287 | $ | 108,376 | $ | 214,996 | $ | 211,322 | |||||||||
Basic earnings per share | $ | .50 | $ | .51 | $ | 1.03 | $ | .99 | |||||||||
Diluted earnings per share: | |||||||||||||||||
Weighted average number of common shares outstanding | 207,241,293 | 214,209,456 | 208,333,201 | 214,187,266 | |||||||||||||
Add common stock equivalents for shares issuable under stock option plans | 3,848,209 | 5,315,730 | 3,253,434 | 5,406,719 | |||||||||||||
Weighted average number of common and common equivalent shares outstanding | 211,089,502 | 219,525,186 | 211,586,635 | 219,593,985 | |||||||||||||
Net income | $ | 103,287 | $ | 108,376 | $ | 214,996 | $ | 211,322 | |||||||||
Diluted earnings per share | $ | .49 | $ | .49 | $ | 1.02 | $ | .96 | |||||||||