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NEW YORK BANCORP INC.
241-02 Northern Boulevard
Douglaston, New York 11362
Form 10-K
September 30, 1996
Exhibit 11. Statement re: Computation of Per Share Earnings (1)(2)
For the Year Ended
September 30,
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1996 1995 1994
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(In Thousands,except
per share amounts)
Income before cumulative effect
of change in accounting principle.............. $ 32,006 $11,562 $27,467
Cumulative effect of change in accounting
for income taxes............................... -- -- 5,685
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Net income...................................... $ 32,006 $11,562 $33,152
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Weighted average common shares outstanding...... 11,649 12,991 12,961
Common stock equivalents due to dilutive
effect of stock options........................ 295 337 649
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Total weighted average common shares and
equivalents outstanding........................ 11,944 13,328 13,610
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Primary earnings per share:
Income before cumulative effect of
change in accounting principle................ $ 2.68 $ .87 $ 2.02
Cumulative effect of change in
accounting for income taxes................... -- -- .42
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Net income..................................... $ 2.68 $ .87 $ 2.44
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(1) Earnings per common share have been calculated to fully reflect the ten percent stock dividend effective
February 14, 1994.
(2) 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.