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AMRESCO CAPITAL TRUST
EXHIBIT 11 - COMPUTATION OF PER SHARE EARNINGS
(IN THOUSANDS, EXCEPT PER SHARE DATA)
Period from
Three Months February 2, 1998
Ended through
June 30, 1998 June 30, 1998
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Basic:
Net income available to common shareholders $ 757 $ 757
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Weighted average common shares outstanding 5,495 3,356
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Basic earnings per common share $ 0.14 $ 0.23
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Diluted:
Net income available to common shareholders $ 757 $ 757
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Weighted average common shares outstanding 5,495 3,356
Effect of dilutive securities:
Restricted shares 3 2
Net effect of assumed exercise of
stock options -- --
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Adjusted weighted average common shares
outstanding 5,498 3,358
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Diluted earnings per common share $ 0.14 $ 0.23
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