Part II
Item 4. (continued)
EXHIBIT 11
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CHASE PREFERRED CAPITAL CORPORATION
Computation of net income per common share
(in thousands, except share and per share amounts)
(Unaudited)
Net income for basic and fully diluted earnings per share is computed by
subtracting from the applicable earnings the dividend requirements on preferred
stock to arrive at earnings applicable to common stock and dividing this amount
by the weighted average number of shares of common shares outstanding during the
period.
Six Months Ended
June 30
2000 1999
(in thousands, except shares outstanding)
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Earnings:
Net income $ 146,426 $ 35,195
Less: preferred stock dividend requirements 112,092 22,275
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Net income applicable to common stock $ 34,334 $ 12,920
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Shares:
Average common shares outstanding 1 1
Basic and fully diluted net income per share: $ 34,334 $ 12,920
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