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EXHIBIT 11
AMERICAN NATIONAL FINANCIAL, INC. AND SUBSIDIARIES
COMPUTATION OF BASIC AND DILUTED
EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
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<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
---------------- ----------------
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Net earnings, basic basis ......... $ 817 $ 743 $1,128 $6,186
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Weighted average basic shares ..... 7,368 7,150 7,303 6,773
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Basic earnings per share .......... $ 0.11 $ 0.10 $ 0.15 $ 0.91
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Diluted net earnings .............. $ 817 $ 743 $1,128 $6,186
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Weighted average shares outstanding
during the period, basic basis .. 7,368 7,150 7,303 6,773
Effect of dilutive options ........ -- -- -- 44
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Weighted average shares outstanding
during the period, diluted basis 7,368 7,150 7,303 6,817
====== ====== ====== ======
Diluted earnings per share ........ $ 0.11 $ 0.10 $ 0.15 $ 0.91
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