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Previous: FRONTIER FINANCIAL CORP /WA/, 10-Q, 2000-08-14 |
Next: FRONTIER FINANCIAL CORP /WA/, 10-Q, EX-27, 2000-08-14 |
<PAGE> 1
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FRONTIER FINANCIAL CORPORATION AND SUBSIDIARIES EXHIBIT 11
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COMPUTATION OF EARNINGS PER SHARE
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<TABLE>
<CAPTION>
For Six Months Ended June 30,
2000 1999
------------ ------------
<S> <C> <C>
Net Income $ 14,433,824 $ 12,367,601
Computation of average
shares outstanding
Shares outstanding at
beginning of year 17,545,587 8,697,261
Additional shares deemed
outstanding because of
stock dividends -- --
Additional shares deemed
outstanding because of
stock splits -- 8,758,499
Shares redeemed under stock
repurchase program (62,932) --
Shares issued during the
year times average time
outstanding during the year 7,717 64,444
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Average basic shares outstanding 17,490,372 17,520,204
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Dilutive shares 53,487 98,733
Average diluted shares outstanding 17,543,859 17,618,937
------------ ------------
Basic earnings per share $ 0.83 $ 0.71
============ ============
Diluted earnings per share $ 0.82 $ 0.70
============ ============
</TABLE>
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