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Previous: WMA CORP, 10QSB, 2000-11-14 |
Next: WMA CORP, 10QSB, EX-27.1, 2000-11-14 |
<PAGE> 1
EXHIBIT 11
THE WMA CORPORATION
COMPUTATION OF EARNINGS PER SHARE
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
September 30, September 30,
2000 1999 2000 1999
----------- ----------- ---------- ----------
<S> <C> <C> <C> <C>
Net income $ 1,656,914 $ 1,483,362 $3,745,824 $3,372,339
Less: Preferred stock dividends (71,980) -- (72,734) --
----------- ----------- ---------- ----------
Basic:
Net income available to common
shareholders $ 1,584,934 $ 1,483,362 $3,673,090 $3,372,339
=========== =========== ========== ==========
Weighted-average common shares
outstanding 2,495,010 2,495,010 2,495,010 2,495,010
Basic earnings per share $ 0.63 $ 0.59 $ 1.47 $ 1.35
=========== =========== ========== ==========
Diluted:
Net income $ 1,656,914 $ 1,483,362 $3,745,824 $3,372,339
=========== =========== ========== ==========
Weighted-average common shares
outstanding 2,495,010 2,495,010 2,495,010 2,495,010
Weighted-average common share
equivalents associated with convertible
preferred stock 264,947 -- 89,920 --
----------- ----------- ---------- ----------
Total weighted-average common shares
outstanding 2,759,957 2,495,010 2,584,930 2,495,010
=========== =========== ========== ==========
Diluted earnings per share $ 0.60 $ 0.59 $ 1.45 $ 1.35
=========== =========== ========== ==========
</TABLE>
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