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Previous: PENNFED FINANCIAL SERVICES INC, 10-K, 2000-09-25 |
Next: PENNFED FINANCIAL SERVICES INC, 10-K, EX-12, 2000-09-25 |
EXHIBIT 11
Statement Regarding Computation of Per Share Earnings
For the Years Ended June 30, 2000, 1999 and 1998
(Dollars in thousands, except per share amounts)
<TABLE>
<CAPTION>
For the Year Ended June 30,
-------------------------------------------------------
2000 1999 1998
-------------- -------------- ------------
<S> <C> <C> <C>
Net income............................................................ $12,870 $11,457 $11,198
============ =========== ===========
Number of shares outstanding:
Weighted average shares issued...................................... 11,899,842 11,899,349 11,900,000
Less: Weighted average shares held in treasury..................... 3,261,279 2,896,595 2,268,513
Less: Average shares held by the ESOP.............................. 952,000 952,000 952,000
Plus: ESOP shares released or committed to be
released during the fiscal year......................... 451,541 357,421 269,870
----------- ----------- -----------
Average basic shares......................................... 8,138,104 8,408,175 8,949,357
Plus: Average common stock equivalents............................. 444,409 470,316 740,298
----------- ----------- -----------
Average diluted shares....................................... 8,582,513 8,878,491 9,689,655
========== ========== ==========
Earnings per common share:
Basic........................................................ $1.58 $1.36 $1.25
============= ============= =============
Diluted...................................................... $1.50 $1.29 $1.16
============= ============= =============
</TABLE>
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