NEW YORK BANCORP INC. 241-02 Northern Boulevard Douglaston, New York 11362 Form 10-K September 30, 1995 Exhibit 11. Statement re: Computation of Per Share Earnings (1) For the Year Ended September 30, _________________________ 1995 1994 (2) __________ __________ (In Thousands,except per share amounts) Income before extraordinary item and cumulative effect of change in accounting principle...................................... $ 11,562 $ 27,467 Cumulative effect of change in accounting for income taxes.............................................................. -- 5,685 __________ __________ Net income..................................................................... $ 11,562 $ 33,152 ========== ========== Weighted average common shares outstanding..................................... 12,991 12,961 Common stock equivalents due to dilutive effect of stock options....................................................... 337 649 __________ __________ Total weighted average common shares and equivalents outstanding....................................................... 13,328 13,610 ========== ========== Primary earnings per share: Income before extraordinary item and cumulative effect of change in accounting principle.............................................. $ .87 $ 2.02 Cumulative effect of change in accounting for income taxes................................................. -- .42 _______ ________ Net income................................................................... $ .87 $ 2.44 ======= ======== ______________ (1) Earnings per common share have been calculated to fully reflect the ten percent stock dividend effective February 14, 1994. (2) Restated to reflect the merger with Hamilton Bancorp, Inc., which was accounted for as a pooling of interests. (3) Additional shares using period end market values versus average market values would not be significantly dilutive. As such, the computation of fully dilutive earnings per share has been omitted.