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Previous: LAUREL CAPITAL GROUP INC, 10-K405, 2000-09-28 |
Next: LAUREL CAPITAL GROUP INC, 10-K405, EX-13, 2000-09-28 |
<PAGE> 1
LAUREL CAPITAL GROUP, INC.
FORM 10-K
EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE
<TABLE>
<CAPTION>
FOR THE FOR THE FOR THE
YEAR ENDED YEAR ENDED YEAR ENDED
June 30, 2000 June 30, 1999 June 30, 1998
------------- ------------- -------------
<S> <C> <C> <C>
NET INCOME $3,408,000 $3,183,000 $3,051,000
========== ========== ==========
BASIC EPS:
WEIGHTED AVERAGE SHARES OUTSTANDING 2,107,711 2,188,014 2,176,893
--------- --------- ---------
BASIC EARNING PER SHARE $1.62 $1.45 $1.40
===== ===== =====
DILUTED EPS:
WEIGHTED AVERAGE SHARES OUTSTANDING 2,107,711 2,188,014 2,176,893
DILUTIVE EFFECT OF EMPLOYEE STOCK OPTIONS 72,779 106,310 135,496
------ ------- -------
DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 2,180,490 2,294,324 2,312,389
--------- --------- ---------
DILUTED EARNINGS PER SHARE $1.56 $1.39 $1.32
===== ===== =====
</TABLE>
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(1) NUMBER OF SHARES AND PER SHARE AMOUNTS ADJUSTED TO REFLECT THE EFFECTS OF
THE THREE-FOR-TWO STOCK SPLIT PAID ON JANUARY 16, 1998.
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