UNITED COMMUNITY FINANCIAL CORP.
EXHIBIT 11
COMPUTATIONS OF EARNINGS PER COMMON SHARE
Three Months Ended Nine Months Ended
September 30, September 30,
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1999 1998 (2) 1999 1998
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(Dollars in thousands, (Dollars in thousands,
except per share data) except per share data)
BASIC EARNINGS PER SHARE(1):
Net (loss) income $ (1,942) $ (1,608) $ 8,485 N/A
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Basic earnings per share $ (0.06) $ (0.05) $0.25 N/A
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Weighted average number of common shares
outstanding 34,045,813 33,768,789 33,934,302 N/A
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Three Months Ended Nine Months Ended
September 30, September 30,
------------------------------------ ----------------------------------
1999 1998 (2) 1999 1998
--------------- ----------------- ---------- -----------------
(Dollars in thousands, (Dollars in thousands,
except per share data) except per share data)
DILUTED EARNINGS PER SHARE (1):
Net (loss) income $ (1,942) $ (1,608) $ 8,485 N/A
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Diluted earnings per share $ (0.06) $ (0.05) $ 0.25 N/A
=============== ================= ============ ===========
Weighted average number of common shares
outstanding - basic 34,045,813 33,768,789 33,934,302 N/A
Dilutive effect 352,753 0 118,876 N/A
Weighted average number of common shares
outstanding - dilutive 34,398,566 33,768,789 34,053,178 N/A
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(1) For the purpose of displaying earnings per share, it is assumed the
Conversion took place as of July 1, 1998. Earnings per share for all
periods are not presented as there was no common stock issued or
outstanding.
(2) As restated for the acquisition of Butler Wick. See Note 3 to the
consolidated financial statements.
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