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EXHIBIT 11
RICHMOND COUNTY FINANCIAL CORP.
STATEMENTS RE: COMPUTATION OF PER SHARE EARNINGS
(In Thousands, Except Share and Per Share Amounts)
The following table is the reconciliation of basic and diluted EPS as required
under SFAS 128 at June 30, 2000, 1999 and 1998:
<TABLE>
<CAPTION>
For the
Twelve Months Ended
June 30,
----------------------------------
2000 1999 1998(1)
---------- ---------- ----------
---------- ---------- ----------
<S> <C> <C> <C>
Net income (loss) $ 36,269 $ 26,644 $ (3,988)
========== ========== ==========
Weighted average common shares outstanding 26,682,604 24,807,859 24,328,143
Common stock equivalents due to dilutive
effect of stock options -- -- --
---------- ---------- ----------
Total weighted average common shares and
equivalents 26,682,604 24,807,859 24,328,143
========== ========== ==========
Basic earnings (loss) per common and
common share equivalents $ 1.36 $ 1.07 $ (0.16)
========== ========== ==========
Total weighted average common shares and
equivalents outstanding 26,682,604 24,807,859 24,328,143
Additional dilutive shares using ending period
market value versus average market value for
the period when utilizing the treasury
stock method regarding stock options 209,069 (131,114) --
---------- ---------- ----------
Total shares for dilutive earnings per share 26,891,673 24,676,745 24,328,143
========== ========== ==========
Diluted earnings (loss) per common share
equivalents $ 1.35 $ 1.07 $ (0.16)
========== ========== ==========
</TABLE>
(1) Per share amounts are calculated since conversion on February 18, 1998.
