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Previous: MERCHANTS NEW YORK BANCORP INC, 10-Q, 2000-08-14 |
Next: MERCHANTS NEW YORK BANCORP INC, 10-Q, EX-27, 2000-08-14 |
Exhibit 11 - Computation of Earnings Per Share
Earnings Per Share (EPS), presented below is the calculation of basic and
diluted EPS for the Company for the six months ended June 30, 2000 and 1999.
<TABLE>
<CAPTION>
2000 1999*
---------------------------------
<S> <C> <C>
Income before minority interest $11,010,914 $ 9,176,830
Less: minority interest 3,712 3,712
----------- -----------
Net income $11,007,202 $ 9,173,118
Weighted average shares outstanding 18,770,580 19,333,306
Plus: effect of stock options as dilutive securities 62,092 158,264
----------- -----------
Adjusted weighted average shares assuming dilution 18,832,672 19,491,570
EPS - Basic $ 0.59 $ .47
EPS - Diluted $ 0.58 $ .47
</TABLE>
* Adjusted for the 2-1 stock split, effective October 1999.
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