EXHIBIT 11. STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
B.M.J. Financial Corp.
Computation of Earnings per Common Share on Primary
and Fully Diluted Basis
(In thousands except for number Three Months Ended March 31,
of shares and per share amounts) 1995 1994
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Net income for computation of primary
earnings per share .................................... $ 1,434 $ 1,594
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Weighted average outstanding common shares
for computation of primary earnings per share ......... 7,597,755 7,551,250
Additional common stock equivalents .................... 83,793 19,425
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Adjusted average outstanding shares for
computation of primary earnings per share ............. 7,681,548 7,570,675
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Primary earnings per share ............................. $ 0.19 $ 0.21
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Net income ............................................. $ 1,434 $ 1,594
Adjustment to interest expense for reduction of
existing debt, net of tax effect ...................... 33 101
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Net income, as adjusted, for computation of
fully diluted earnings per share ...................... $ 1,467 $ 1,695
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Weighted average outstanding common shares ............. 7,597,755 7,551,250
Additional shares issued assuming conversion of
convertible capital notes and exercise of stock options 302,505 544,524
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Adjusted average outstanding shares for
computation of fully diluted earnings per share ....... 7,900,260 8,095,774
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Fully diluted earnings per share ....................... $ 0.19 $ 0.21
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