BOSTONFED BANCORP, INC.
17 New England Executive Park
Burlington, MA 01803
Form 10-Q
June 30, 1996
Exhibit 11. Statement re: Computation of Per Share Earnings
Three Months Ended Six Months Ended
June 30, 1996 June 30, 1996
(Dollars In Thousands, except
per share amounts)
(Unaudited)
Net income $1,124 2,147
Weighted average common shares outstanding 6,589,617 6,589,617
Common stock equivalents due to dilutive
effect of stock options None None
Unallocated ESOP shares (453,429) (453,429)
Unawarded shares in the 1996 Stock-Based Incentive Plan (21,084) (21,084)
Total weighted average common shares and
equivalents outstanding 6,115,104 6,115,104
Primary earnings per share $.18 $.35
Total weighted average common shares and
equivalents outstanding 6,115,104 6,115,104
Additional dilutive shares using ending
period market value versus average market
value for the period when utilizing the
treasury stock method regarding stock options N/A N/A
Total shares for fully diluted earnings per share 6,115,104 6,115,104
Fully diluted earnings per share $.18 $.35