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EXHIBIT 11
EAGLE BANCSHARES, INC.
Statement re: Computation of per share earnings
Basic earnings per share are based on the weighted average number of
common shares outstanding during each period. Diluted earnings per common share
are based on the weighted average number of common shares outstanding during
each period, plus common share equivalents calculated for stock options and
restricted stock outstanding using the treasury stock method.
In the calculation of basic and diluted earnings per share, net income
is identical. Below is a reconciliation for the three month periods ended June
30, 2000 and 1999, of the difference between average basic common shares
outstanding and average diluted common shares outstanding.
<TABLE>
<CAPTION>
(in thousands, except per share data) Three Months Ended
JUNE 30, 2000 June 30, 1999
--------------------------------
<S> <C> <C>
Basic
Net income $ 698 $2,441
--------------------------------
Average common shares 5,637 5,571
--------------------------------
Earnings per common share - basic $ 0.12 $ 0.44
--------------------------------
Diluted
Net income $698 $2,441
--------------------------------
Average common shares - basic 5,637 5,571
Incremental share outstanding 38 129
--------------------------------
Average common shares - diluted 5,675 5,700
--------------------------------
Earnings per common share - diluted $ 0.12 $ 0.43
--------------------------------
</TABLE>
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