EXHIBIT 11.1 BANKVEST CAPITAL CORP. COMPUTATION OF EARNINGS PER SHARE YEARS ENDED JUNE 30, ------------------------------------- 1996 1997 1998 ----------- ----------- ----------- (DOLLARS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS) Basic net income (loss) per common share: Net income (loss) available for common stockholders.......................... $ (18) $ (129) $ 419 Weighted average common shares outstanding........................... 2,227,191 2,607,113 2,729,693 ----------- ----------- ----------- Basic net income (loss) per common share................................... $ (0.01) $ (0.05) $ 0.15 =========== =========== =========== Diluted net income (loss) per share: Net income (loss) available for common stockholders.......................... $ (18) $ (129) $ 419 ----------- ----------- ----------- Denominator: Weighted average common shares outstanding........................... 2,227,191 2,607,113 2,729,693 Stock option and common stock warrant shares................................ -- -- 442,035 ----------- ----------- ----------- 2,227,191 2,607,113 3,171,728 ----------- ----------- ----------- Diluted net income (loss) per common share................................... $ (0.01) $ (0.05) $ 0.13 =========== =========== ===========