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EXHIBIT 11
UNITED COMPANIES FINANCIAL CORPORATION AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF EARNINGS PER SHARE
Three Months Ended March 31,
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1995 1994
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(in thousands, except per share amounts)
Primary Earnings Per Share
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Income available to common shareholders:
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Income from continuing operations . . . . . . . . $ 12,824 $ 13,477
Less: Income (loss) from discontinued operations . (128) 233
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Total . . . . . . . . . . . . . . . . . . . . . . $ 12,696 $ 13,710
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Weighted average number of common and
common equivalent shares:
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Average common shares outstanding . . . . . . . . 13,629 13,552
Add: Dilutive effect of stock options after
application of treasury stock method . . . 452 850
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Total . . . . . . . . . . . . . . . . . . . . . . 14,081 14,402
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Earnings (loss) per share:
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Income from continuing operations . . . . . . . . $ .91 $ .93
Income (loss) from discontinued operations . . . . (.01) .02
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Total . . . . . . . . . . . . . . . . . . . . . . $ .90 $ .95
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Fully Diluted Earnings Per Share
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Income available to common shareholders:
----------------------------------------
Income from continuing operations . . . . . . . . $ 12,824 $ 13,477
Less: Income (loss) from discontinued operations . (128) 233
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Total . . . . . . . . . . . . . . . . . . . . . . $ 12,696 $ 13,710
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Weighted average number of common and
all dilutive contingent shares:
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Average common shares outstanding . . . . . . . . 13,629 13,552
Add: Dilutive effect of stock options after
application of treasury stock method . . . 494 850
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Total . . . . . . . . . . . . . . . . . . . . . . 14,123 14,402
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Earnings (loss) per share:
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Income from continuing operations . . . . . . . . $ .91 $ .93
Income (loss) from discontinued operations . . . . (.01) .02
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Total . . . . . . . . . . . . . . . . . . . . . . $ .90 $ .95
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