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EXHIBIT 11
EAGLE BANCSHARES, INC.
Statement re: Computation of per share earnings
Below is reconciliation for the three month periods ended September 30,
2000 and 1999, of the difference between average basic common shares outstanding
and average diluted common shares outstanding.
COMPUTATION OF PER SHARE EARNINGS
<TABLE>
<CAPTION>
(dollars in thousands except per share data) THREE MONTHS ENDED
SEPT. 30, 2000 Sept. 30, 1999
---------------------------------
<S> <C> <C>
Basic
Net income $2,141 $2,247
---------------------------------
Average common shares 5,637 5,560
---------------------------------
Earnings per common share - basic $ 0.38 $ 0.40
---------------------------------
Diluted
Net income $2,141 $2,247
---------------------------------
Average common shares - basic 5,637 5,560
Incremental shares outstanding 33 117
Average common shares - diluted 5,670 5,677
---------------------------------
Earnings per common share - diluted $ 0.38 $ 0.40
---------------------------------
</TABLE>
Below is reconciliation for the six month periods ended September 30,
2000 and 1999, of the difference between average basic common shares outstanding
and average diluted common shares outstanding.
<TABLE>
<CAPTION>
(dollars in thousands except per share data) SIX MONTHS ENDED
SEPT. 30, 2000 Sept. 30, 1999
-----------------------------------
<S> <C> <C>
Basic
Net income $2,839 $4,688
-----------------------------------
Average common shares 5,637 5,560
-----------------------------------
Earnings per common share - basic $ 0.50 $ 0.84
-----------------------------------
Diluted
Net income $2,839 $4,688
-----------------------------------
Average common shares - basic 5,637 5,560
Incremental shares outstanding 35 120
Average common shares - diluted 5,672 5,680
-----------------------------------
Earnings per common share - diluted $ 0.50 $ 0.83
-----------------------------------
</TABLE>
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