Exhibit 11
CHARTER ONE FINANCIAL, INC.
COMPUTATION OF PER SHARE EARNINGS
Three Months Ended | Six Months Ended | ||||||||||||||||
6/30/01 | 6/30/00 | 6/30/01 | 6/30/00 | ||||||||||||||
(Dollars in thousands, except per share data) | |||||||||||||||||
Basic earnings per share(1): | |||||||||||||||||
Weighted average number of common shares outstanding | 207,439,620 | 217,603,358 | 207,933,717 | 218,749,861 | |||||||||||||
Net income | $ | 120,412 | $ | 103,287 | $ | 235,202 | $ | 214,996 | |||||||||
Basic earnings per share | $ | .58 | $ | .47 | $ | 1.13 | $ | .98 | |||||||||
Diluted earnings per share(1): | |||||||||||||||||
Weighted average number of common shares outstanding | 207,439,620 | 217,603,358 | 207,933,717 | 218,749,861 | |||||||||||||
Add common stock equivalents for shares issuable under stock option plans | 5,304,641 | 4,040,619 | 5,221,284 | 3,416,106 | |||||||||||||
Weighted average number of common and common equivalent shares outstanding | 212,744,261 | 221,643,977 | 213,155,001 | 222,165,967 | |||||||||||||
Net income | $ | 120,412 | $ | 103,287 | $ | 235,202 | $ | 214,996 | |||||||||
Diluted earnings per share | $ | .57 | $ | .47 | $ | 1.11 | $ | .97 | |||||||||
(1) | Restated to reflect the 5% stock dividend issued September 30, 2000. |