EX-11 3 ex11.htm EXHIBIT 11 ex11.htm

 

Exhibit 11

 

Statement of Computation of Per Share Earnings

 

The composition of basic and diluted earnings per share were as follows for:

 

(Dollars in thousands, except per share amounts)

 

   

Three months ended June 30, 

   

Six months ended June 30, 

 
   

2013

   

2012

   

2013

   

2012

 

Net income available to common stockholders

  $ 18,156     $ 8,473     $ 32,206     $ 15,586  
                                 

Weighted average number of common shares outstanding

    43,334,441       41,319,057       43,132,398       41,316,958  

Effect of stock options

    27,114       143,537       24,429       160,906  

Weighted average diluted number of common shares outstanding

    43,361,555       41,462,594       43,156,827       41,477,864  
                                 

Basic earnings per share

  $ 0.42     $ 0.21     $ 0.75     $ 0.38  

Diluted earnings per share

  $ 0.42     $ 0.20     $ 0.75     $ 0.38