1 EXHIBIT 11. STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS Nine Months Ended September 30, 1999 --------------------- (In Thousands, Except Per Share Data) 1. Net Income $ 176,124 Less: Preferred stock dividends declared 4,500 --------- Net income available to common shareholders $ 171,624 ========= 2. Weighted average common shares outstanding 54,876 3. ESOP shares not committed to be released (3,140) --------- 4. Total weighted average common shares outstanding 51,736 ========= 5. Basic earnings per common share $ 3.32 ========= 6. Total weighted average common shares outstanding 51,736 7. Dilutive effect of stock options using the treasury stock method 1,252 --------- 8. Total average common and common equivalent shares 52,988 ========= 9. Diluted earnings per common share $ 3.24 ========= 42