|
|
|
|
|
|
|
|
|
|
|
|
|
<PAGE> 1
Exhibit 11
STERLING BANCORP AND SUBSIDIARIES
Statement Re: Computation of Per Share Earnings
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
September 30, September 30,
----------------------------- --------------------------------
2000 1999 2000 1999
------------- ------------- -------------- ---------------
<S> <C> <C> <C> <C>
Net income $ 4,186,095 $ 3,684,808 $ 12,063,312 $ 10,700,861
Less: preferred dividends 20,540 16,319 62,067 49,269
------------- ------------- -------------- ---------------
Net income available for common shareholders
and adjusted for diluted computation $ 4,165,555 $ 3,668,489 $ 12,001,245 $ 10,651,592
============= ============= ============== ===============
Weighted average common shares outstanding 8,265,373 8,439,008 8,307,064 8,514,735
Add dilutive effect of:
Stock options 65,395 111,388 - 129,703
Convertible preferred stock 238,961 241,883 240,524 242,906
------------- ------------- -------------- ---------------
Adjusted for assumed diluted computation 8,569,729 8,792,279 8,547,588 8,887,344
============= ============= ============== ===============
Basic earnings per share $0.50 $0.43 $1.44 $1.25
============= ============= ============== ===============
Diluted earnings per share $0.49 $0.42 $1.40 $1.20
============= ============= ============== ===============
</TABLE>
31
|
|