EXHIBIT 11.1
COAST SAVINGS FINANCIAL, INC.
COMPUTATION OF EARNINGS PER SHARE
Three Months Ended September 30,
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1996 1995
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Fully Fully
Primary Diluted Primary Diluted
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(In thousands except per share amounts)
Net earnings (loss) applicable
to common stock and common
stock equivalents ("CSEs") $(16,100) $(16,100) $14,762 $14,762
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Weighted average common
shares outstanding 18,584 18,584 18,520 18,520
Dilutive CSEs on stock options - - 578 608
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Weighted average shares 18,584 18,584 19,098 19,128
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Net earnings (loss) per
share of common stock $(.87) $(.87) $.77 $.77
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Nine Months Ended September 30,
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1996 1995
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Fully Fully
Primary Diluted Primary Diluted
------- ------- ------- -------
(In thousands except per share amounts)
Net earnings applicable to
common stock and common
stock equivalents ("CSEs") $ 1,197 $ 1,197 $23,873 $23,873
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Weighted average common
shares outstanding 18,583 18,583 18,491 18,491
Dilutive CSEs on stock options 599 607 508 608
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Weighted average shares 19,182 19,190 18,999 19,099
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Net earnings per share of
common stock $.06 $.06 $1.26 $1.25
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