LIBERTY FINANCIAL COMPANIES, INC.
EXHIBIT 11 - Statement re Computation of Per Share Earnings (in
thousands, except share and per share amounts)
Three Months Ended Nine Months Ended
September 30 September 30
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1996 1995 1996 1995
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Primary net income per common share:
Net income $ 24,713 $ 21,956 $ 71,593 $ 53,117
Less: cumulative preferred
dividends 236 236 707 490
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Net income available for common
shareholders $ 24,477 $ 21,720 $ 70,886 $ 52,627
========== ========== ========= =========
Weighted average shares
outstanding 28,416,294 27,407,325 28,120,214 26,044,698
Common stock equivalents 1,291,825 1,355,660 1,407,138 1,222,729
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Total 29,708,119 28,762,985 29,527,352 27,267,427
========== ========== ========== ==========
Primary net income per common
share $ 0.82 $ 0.76 $ 2.40 $ 1.93
========== =========== ========== ==========
Fully diluted net income per common share:
Net income $ 24,713 $ 21,956 $ 71,593 $ 53,117
Less: cumulative preferred
dividends 236 236 707 490
---------- ---------- ---------- ---------
Net income available for common
shareholders $ 24,477 $ 21,720 $ 70,886 $ 52,627
========== ========== ========== ==========
Weighted average shares
outstanding 28,416,294 27,407,325 28,120,214 26,044,698
Common stock equivalents 1,291,825 1,441,269 1,407,138 1,335,065
---------- ---------- ---------- ----------
Total 29,708,119 28,848,594 29,527,352 27,379,763
========== =========== ========== ==========
Fully diluted net income per
common share $ 0.82 $ 0.75 $ 2.40 $ 1.92
========== =========== ========== ==========