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Reference Number 11
QUEENS COUNTY BANCORP, INC.
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS(1)(2)
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Three Months Ended
March 31,
(in thousands, except per share data) 1998 1997
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Net income $ 6,255 $ 7,132
Weighted average common shares outstanding 12,850 14,877
Earnings per common share $0.49 $0.48
Weighted average common shares outstanding 12,850 14,877
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Additional dilutive shares using average market value
for the period when utilizing the Treasury stock method
regarding stock options 841 835
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Total shares for diluted earnings per share 13,691 15,712
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Diluted earnings per common share and common share
equivalents $0.46 $0.45
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(1) Reflects shares issued as a result of the 3-for-2 stock splits on April 10,
1997 and October 1, 1997.
(2) Reflects the adoption of Statements of Financial Accounting Standards
No. 128, "Earnings Per Share."
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