EXHIBIT 11
Alabama National BanCorporation
Computation of Earnings Per Share (Unaudited)
(In thousands, except per share amounts)
| Income | Shares | Per Share Amount | ||||||||
| THREE MONTHS ENDED SEPTEMBER 30, 2002 | ||||||||||
| Basic EPS net income | $ | 9,018 | 12,364 | $ | 0.73 | |||||
| Effect of dilutive securities | — | 315 | ||||||||
| Diluted EPS | $ | 9,018 | 12,679 | $ | 0.71 | |||||
| THREE MONTHS ENDED SEPTEMBER 30, 2001 | ||||||||||
| Basic EPS net income | $ | 7,508 | 11,846 | $ | 0.63 | |||||
| Effect of dilutive securities | — | 289 | ||||||||
| Diluted EPS | $ | 7,508 | 12,135 | $ | 0.62 | |||||
| NINE MONTHS ENDED SEPTEMBER 30, 2002 | ||||||||||
| Basic EPS net income | $ | 26,408 | 12,358 | $ | 2.14 | |||||
| Effect of dilutive securities | — | 310 | ||||||||
| Diluted EPS | $ | 26,408 | 12,668 | $ | 2.08 | |||||
| NINE MONTHS ENDED SEPTEMBER 30, 2001 | ||||||||||
| Basic EPS net income | $ | 20,327 | 11,819 | $ | 1.72 | |||||
| Effect of dilutive securities | — | 297 | ||||||||
| Diluted EPS | $ | 20,327 | 12,116 | $ | 1.68 | |||||