Exhibit 11
CHARTER ONE FINANCIAL, INC.
COMPUTATION OF PER SHARE EARNINGS
Three Months Ended | Nine Months Ended | ||||||||||||||||
9/30/03 | 9/30/02 | 9/30/03 | 9/30/02 | ||||||||||||||
(Dollars in thousands, except per share data) | |||||||||||||||||
Basic earnings per share: | |||||||||||||||||
Net income | $ | 159,149 | $ | 143,562 | $ | 472,677 | $ | 431,942 | |||||||||
Weighted average common shares outstanding | 224,399,805 | 228,765,954 | 224,966,297 | 230,549,330 | |||||||||||||
Basic earnings per share | $ | .71 | $ | .63 | $ | 2.11 | $ | 1.87 | |||||||||
Diluted earnings per share: | |||||||||||||||||
Net income | $ | 159,149 | $ | 143,562 | $ | 472,677 | $ | 431,942 | |||||||||
Weighted average common shares outstanding | 224,399,805 | 228,765,954 | 224,966,297 | 230,549,330 | |||||||||||||
Add common stock equivalents for shares issuable under stock option plans | 6,262,124 | 6,849,503 | 5,773,193 | 7,104,231 | |||||||||||||
Weighted average common and common equivalent shares outstanding | 230,661,929 | 235,615,457 | 230,739,490 | 237,653,561 | |||||||||||||
Diluted earnings per share | $ | .69 | $ | .61 | $ | 2.05 | $ | 1.82 | |||||||||
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