1
QUEENS COUNTY BANCORP, INC.
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
FOR THE FOR THE
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
-------------------- ---------------------
1997 1996 1997 1996
------ ------- ------- -------
Net income $5,395 $ 5,602 $17,869 $17,127
------ ------- ------- -------
Weighted average common shares
outstanding 8,675 10,069 9,226 10,510
Common stock equivalents due to
dilutive effect of stock options 847 771 829 739
------ ------- ------- -------
Total weighted average common shares
and common share equivalents outstanding 9,522 10,840 10,055 11,249
====== ======= ======= =======
Earnings per common share and common share
equivalents (a) $ 0.57 $ 0.52 $ 1.78 $ 1.52
====== ======= ======= =======
Total weighted average common shares
and common share equivalents outstanding 9,522 10,840 10,055 11,249
Additional dilutive shares using ending period market value versus average
market value for the period when utilizing the treasury stock method
regarding stock
options 105 15 124 46
------ ------- ------- -------
Total shares for fully diluted earnings
per share 9,627 10,855 10,179 11,295
====== ======= ======= =======
Fully diluted earnings per common share
and common share equivalents (a) $ 0.56 $ 0.52 $ 1.76 $ 1.52
====== ======= ======= =======
(a) Reflects shares issued as a result of a 3-for-2 stock split on April 10,
1997.
28