EX-11.1 8 dex111.txt EXHIBIT 11.1 EXHIBIT 11.1 SunTrust Banks, Inc. Statement re: Computation of Per Share Earnings (In thousands, except per share data)
Year Ended December 31 -------------------------------------------------------------------------------------- 2001 2000 1999 1998 1997 1996 ------------- ------------ ------------ ---------- ---------- ---------- Basic Income before extraordinary gain $ 1,369,219 $ 1,294,100 $ 1,123,952 $ 971,017 $ 975,923 $ 858,950 Extraordinary gain, net of taxes 6,318 - 202,648 - - - ------------- ------------ ------------ ---------- ---------- ---------- Net income $ 1,375,537 $ 1,294,100 $ 1,326,600 $ 971,017 $ 975,923 $ 858,950 ------------- ------------ ------------ ---------- ---------- ---------- Average basic common shares 287,702 297,834 317,079 314,908 316,436 326,502 ------------- ------------ ------------ ---------- ---------- ---------- Income before extraordinary gain $ 4.76 $ 4.35 $ 3.54 $ 3.08 $ 3.08 $ 2.63 Extraordinary gain, net of taxes 0.02 - 0.64 - - - ------------- ------------ ------------ ---------- ---------- ---------- Earnings per common share - basic $ 4.78 $ 4.35 $ 4.18 $ 3.08 $ 3.08 $ 2.63 ============= ============ ============ ========== ========== ========== Diluted Income before extraordinary gain $ 1,369,219 $ 1,294,100 $ 1,123,952 $ 971,017 $ 975,923 $ 858,950 Extraordinary gain, net of taxes 6,318 - 202,648 - - - ------------- ------------ ------------ ---------- ---------- ---------- Net income $ 1,375,537 $ 1,294,100 $ 1,326,600 $ 971,017 $ 975,923 $ 858,950 ------------- ------------ ------------ ---------- ---------- ---------- Average common shares outstanding 287,702 297,834 317,079 314,908 316,436 326,502 Incremental shares outstanding (1) 3,882 3,122 4,095 4,803 4,496 4,540 ------------- ------------ ------------ ---------- ---------- ---------- Average diluted common shares 291,584 300,956 321,174 319,711 320,932 331,042 ------------- ------------ ------------ ---------- ---------- ---------- Income before extraordinary gain $ 4.70 $ 4.30 $ 3.50 $ 3.04 $ 3.04 $ 2.59 Extraordinary gain, net of taxes 0.02 - 0.63 - - - ------------- ------------ ------------ ---------- ---------- ---------- Earnings per common share - diluted $ 4.72 $ 4.30 $ 4.13 $ 3.04 $ 3.04 $ 2.59 ============= ============ ============ ========== ========== ==========
(1) Includes the incremental effect of stock options and restricted stock outstanding computed under the treasury stock method.