Exhibit 11 - Computation of Earnings Per Common Share
TCF FINANCIAL CORPORATION AND SUBSIDIARIES
Computation of Earnings Per Common Share
(Dollars in thousands, except per-share data)
(Unaudited)
Computations of Basic Earnings Per Common Three Months Ended Nine Months Ended
Share for Statement of Operations: September 30, September 30,
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2000 1999 2000 1999
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Net income $ 46,697 $ 42,760 $ 134,080 $ 121,089
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Weighted average common shares outstanding 78,212,563 82,069,575 78,844,075 82,766,220
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Basic earnings per common share $ .60 $ .52 $ 1.70 $ 1.46
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Computation of Diluted Earnings Per Common
Share for Statements of Operations:
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Net income $ 46,697 $ 42,760 $ 134,080 $ 121,089
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Weighted average number of common shares outstanding
adjusted for effect of dilutive securities:
Weighted average common shares outstanding
used in basic earnings per common share
calculation 78,212,563 82,069,575 78,844,075 82,766,220
Net dilutive effect of:
Stock option plans 129,805 167,493 94,610 179,961
Restricted stock plans 698,855 514,379 575,242 415,581
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79,041,223 82,751,447 79,513,927 83,361,762
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Diluted earnings per common share $ .59 $ .52 $ 1.69 $ 1.45
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