Exhibit 11
Consumer Portfolio Services, Inc.
Statement Regarding Computation of Per Share Earnings
Three months ended
March 31, March 31,
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1997 1996
Primary Earnings Per Share
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Computation for Statement of Operations:
Net earnings per statement of
operations used in primary
earnings per share computation
Net earnings $ 4,144,754 $ 3,051,296
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Weighted average number
of shares outstanding 14,169,620 13,302,180
Net shares issuable form assumed exercise
of warrants and options, as determined by
the application of the Treasury
Stock Method 1,178,255 1,368,169
Weighted average number of ----------- -----------
shares outstanding 15,347,875 14,670,349
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Primary earnings per ----------- -----------
share, as adjusted $ 0.27 $ 0.21
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Fully Diluted Earnings Per Share
--------------------------------
Computation for Statement of Operations:
Net earnings per statement of
operations used in primary
earnings per share computation
Net earnings $ 4,144,754 $ 3,051,296
Interest on borrowings, net of tax
effect on conversion of convertible
subordinated debt 2,602 42,608
----------- -----------
Net earnings as adjusted $ 4,147,356 $ 3,093,904
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Weighted average number of shares
outstanding 14,169,620 13,302,180
Net shares issuable form assumed exercise
of warrants and options, as determined by
the application of the Treasury Stock
Method 1,178,255 1,425,231
Shares issuable form assumed conversion
of subordinated debt 90,667 480,000
Weighted average number of shares ----------- -----------
outstanding 15,438,542 15,207,411
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Fully diluted earnings per share, as ----------- -----------
adjusted $ 0.27 $ 0.20
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