1 EXHIBIT 11 STATEMENT RE COMPUTATION OF PER SHARE EARNINGS Year Ended December 31, ---------------------------------- 1999 1998 1997 -------- --------- --------- (In thousands except per share amounts) Basic Earning per Share Average shares outstanding 57,108 56,638 54,122 ======== ========= ========= Income available to common shareholders' $ 68,953 $ 57,973 $ 53,866 ======== ========= ========= Basic Earnings per Share $ 1.21 $ 1.02 $ 1.00 ======== ========= ========= Diluted Earnings per Share Average common shares outstanding 57,108 56,638 54,122 Effect of dilutive stock options 416 586 422 -------- --------- --------- Average diluted shares outstanding 57,524 57,224 54,544 ======== ========= ========= Income available to common shareholders' $ 68,953 $ 57,973 $ 53,866 ======== ========= ========= Diluted Earnings per Share $ 1.20 $ 1.01 $ 0.99 ======== ========= =========