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EXHIBIT 11
FRANKLIN FINANCE CORPORATION
COMPUTATION OF NET INCOME PER SHARE
Net income for basic income per share is computed by subtracting from the
applicable income the dividend requirements on preferred stock to arrive at
income applicable to common stock and dividing this amount by the weighted
average number of shares of common stock outstanding during the period.
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NINE MONTHS ENDED THREE MONTHS ENDED
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SEPTEMBER 30, SEPTEMBER 30,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
INCOME
Net income $2,099,341 $1,790,676 $ 701,210 $ 610,314
Less: preferred stock dividend requirements 1,350,675 1,350,675 450,225 450,225
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Net income applicable to common stock $ 748,666 $ 440,001 $ 250,985 $ 160,089
SHARES
Weighted average number of common shares outstanding 22,077 22,077 22,077 22,077
NET INCOME PER SHARE $ 33.91 $ 19.93 $ 11.37 $ 7.25
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