EXHIBIT 11
REPUBLIC NEW YORK CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
Year Ended December 31,
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1996 1995 1994 1993 1992
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(In thousands except per share data)
Earnings:
Net income $418,840 $288,649 $340,008 $301,205 $258,883
Less preferred stock dividends 31,518 36,467 34,410 28,415 28,386
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Net income applicable to
common stock $387,322 $252,182 $305,598 $272,790 $230,497
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Shares:
Average number of common and
common equivalent shares
outstanding 55,595 54,060 52,736 52,466 52,204
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Net income per common share $6.97 $4.66 $5.79 $5.20 $4.42
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Earnings:
Net income applicable to
common stock $387,322 $252,182 $305,598 $272,790 $230,497
Add dividends applicable to
convertible preferred stock - 5,920 11,643 11,643 11,643
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Net income applicable to
common stock as adjusted $387,322 $258,102 $317,241 $284,433 $242,140
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Shares:
Average number of common and
common equivalent shares
outstanding 55,595 54,060 52,736 52,466 52,204
Add shares assumed issued
upon exercise of stock options - 161 229 286 247
Add shares assumed issued upon
conversion of preferred stock - 1,978 3,569 3,569 3,569
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Average number of common
shares outstanding as adjusted 55,595 56,199 56,534 56,321 56,020
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Net income per common share $6.97 $4.59 $5.61 $5.05 $4.32
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