Attached files
| file | filename |
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| 10-K - STERLING BANCORP | i00062_10-k.htm |
| EX-32 - STERLING BANCORP | i00062_ex32.htm |
| EX-12 - STERLING BANCORP | i00062_ex12.htm |
| EX-21 - STERLING BANCORP | i00062_ex21.htm |
| EX-23.1 - STERLING BANCORP | i00062_ex23-1.htm |
| EX-23.2 - STERLING BANCORP | i00062_ex23-2.htm |
| EX-31.1 - STERLING BANCORP | i00062_ex31-1.htm |
| EX-31.2 - STERLING BANCORP | i00062_ex31-2.htm |
| EX-99.1 - STERLING BANCORP | i00062_ex99-1.htm |
| EX-99.2 - STERLING BANCORP | i00062_ex99-2.htm |
EXHIBIT 11
STERLING BANCORP AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
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Years Ended December 31, |
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2009 |
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2008 |
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2007 |
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Net income |
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$ |
9,422 |
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$ |
16,006 |
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$ |
15,394 |
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Loss from discontinued operations |
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— |
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— |
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(795 |
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Dividends on preferred shares and accretions |
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2,773 |
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102 |
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— |
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Net income available for common shareholders and adjusted for diluted computation |
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$ |
6,649 |
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$ |
15,904 |
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$ |
14,599 |
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Weighted average common shares outstanding |
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18,104,619 |
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17,890,997 |
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18,407,228 |
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Add dilutive effect of: |
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Stock options [1] |
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21,714 |
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216,881 |
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321,806 |
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Adjusted for assumed diluted computation |
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18,126,333 |
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18,107,878 |
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18,729,034 |
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Net income available to common shareholders, per average common share: |
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Basic |
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$ |
0.37 |
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$ |
0.89 |
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$ |
0.79 |
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Diluted |
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0.37 |
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0.88 |
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0.78 |
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[1] |
Options issued with exercise prices greater than the average market price of the common shares for each of the years ended December 31, 2009, 2008 and 2007 have not been included in computation of diluted EPS for those respective years. As of December 31, 2009, 460,822 options to purchase shares between $10.61 and $26.94 were not included; as of December 31, 2008, 531,601 options to purchase shares at prices between $14.40 and $26.94 were not included; as of December 31, 2007, 384,147 options to purchase shares at prices between $17.73 and $26.94 were not included. |