STATEMENT RE: COMPUTATION OF NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE

EX-1.1 2 y68585exv1w1.htm STATEMENT RE: COMPUTATION OF NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE EX-1.1
 

Exhibit 11

North Fork Bancorporation, Inc.

COMPUTATION OF NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE
September 30, 2004
(unaudited)

                                 
    Three Months   Nine Months
    Ended September 30,
  Ended September 30,
(in thousands, except per share amounts)   2004
  2003
  2004
  2003
Net Income
  $ 119,728     $ 94,330     $ 331,244     $ 293,982  
Common and Common Equivalent Shares:
                               
Weighted Average Common Shares Outstanding
    168,098       148,853       158,192       151,879  
Weighted Average Common Equivalent Shares
    2,216       1,657       2,456       1,584  
 
   
 
     
 
     
 
     
 
 
Weighted Average Common and Common Equivalent Shares
    170,314       150,510       160,648       153,463  
 
   
 
     
 
     
 
     
 
 
Net Income per Common Share – Basic
  $ .71     $ .63     $ 2.09     $ 1.94  
Net Income per Common and Common Equivalent Share — Diluted
  $ .70     $ .63     $ 2.06     $ 1.92  
Pro Forma Common and Common Equivalent Shares (3-for-2 post split basis)
                               
Weighted Average Common Shares Outstanding
    252,147       223,280       237,288       227,819  
Weighted Average Common Equivalent Shares
    3,324       2,485       3,684       2,376  
 
   
 
     
 
     
 
     
 
 
Weighted Average Common and Common Equivalent Shares
    255,471       225,765       240,972       230,195  
 
   
 
     
 
     
 
     
 
 
Net Income per Common Share – Basic
  $ .47     $ .42     $ 1.40     $ 1.29  
Net Income per Common and Common Equivalent Share — Diluted
  $ .47     $ .42     $ 1.37     $ 1.28  

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