Exhibit 11
CHARTER ONE FINANCIAL, INC.
COMPUTATION OF PER SHARE EARNINGS
Three Months Ended | Six Months Ended | |||||||||||||||
6/30/04 | 6/30/03 | 6/30/04 | 6/30/03 | |||||||||||||
(Dollars in thousands, except per share data) | ||||||||||||||||
Basic earnings per share(1): | ||||||||||||||||
Net income | $ | 166,346 | $ | 166,037 | $ | 216,602 | $ | 313,528 | ||||||||
Weighted average common shares outstanding | 224,089,781 | 225,501,687 | 223,811,719 | 225,249,543 | ||||||||||||
Basic earnings per share | $ | .74 | $ | .74 | $ | .96 | $ | 1.40 | ||||||||
Diluted earnings per share: | ||||||||||||||||
Net income | $ | 166,346 | $ | 166,037 | $ | 216,602 | $ | 313,528 | ||||||||
Weighted average common shares outstanding | 224,089,781 | 225,501,687 | 223,811,719 | 225,249,543 | ||||||||||||
Add common stock equivalents for shares issuable under stock option plans | 7,737,487 | 5,594,007 | 7,211,446 | 5,528,728 | ||||||||||||
Weighted average common and common equivalent shares outstanding | 231,827,268 | 231,095,694 | 231,023,165 | 230,778,271 | ||||||||||||
Diluted earnings per share | $ | .72 | $ | .72 | $ | .94 | $ | 1.36 | ||||||||
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