LIBERTY FINANCIAL COMPANIES, INC.
EXHIBIT 11 - Statement re Computation of Per Share Earnings
(in thousands, except share and per share amounts)
Three Months Ended Six Months Ended
June 30 June 30
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1996 1995 1996 1995
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Primary net income per common
share:
Net income $ 23,058 $ 21,082 $ 46,880 $ 31,161
Less: cumulative preferred
dividends 235 236 471 254
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Net income available for common
shareholders $ 22,823 $ 20,846 $ 46,409 $ 30,907
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Weighted average shares
outstanding 28,159,518 27,499,994 27,970,547 25,352,091
Common stock equivalents 1,451,876 1,284,282 1,466,353 1,160,612
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Total 29,611,394 28,784,276 29,436,900 26,512,703
========== ========== ========== ==========
Primary net income per common
share $0.77 $0.72 $1.58 $1.17
========== ========== ========== ==========
Fully diluted net income per common share:
Net income $23,058 $21,082 $46,880 $31,161
Less: cumulative preferred
dividends 235 236 471 254
---------- ---------- ---------- ----------
Net income available for common
shareholders $22,823 $20,846 $46,409 $30,907
========== ========== ========== ==========
Weighted average shares
outstanding 28,159,518 27,499,994 27,970,547 25,352,091
Common stock equivalents 1,513,687 1,293,806 1,546,353 1,173,910
---------- ---------- ---------- ----------
Total 29,673,205 28,793,800 29,516,900 26,526,001
========== ========== ========== ==========
Fully diluted net income per
common share $0.77 $0.72 $1.57 $1.17
========== ========== ========== ==========