BFC Financial Corp – ‘10-Q’ for 3/31/98 – EX-11

As of:  Friday, 5/15/98   ·   For:  3/31/98   ·   Accession #:  315858-98-5   ·   File #:  0-09811

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Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Form 10-Q Financial Statements                        15±    67K 
 2: EX-11       Computation of Per Share Earnings                      1      7K 
 3: EX-27.1     Financial Data Schedule                                2±     9K 
 4: EX-27.2     Restated Financial Data Schedule (1)                   2±    10K 

EX-11   —   Computation of Per Share Earnings

                                                                  EXHIBIT 11
BFC Financial Corporation   
Statement re: Computation of Per Share Earnings   

The following table  reconciles the numerators and denominators of the basic and
diluted  earnings  per share  computations  for the three months ended March 31,
1998 and 1997 (in thousands, except per share data):                            

                                                             1998         1997
                                                             ----         ----
Basic Numerator:                                                                
Net income available for common                                                 
shareholders                                                 $  991        2,273
                                                             ======       ======

Basic Denominator                                                               
Weighted average shares outstanding                           7,949        7,906
                                                             ======       ======

Basic earnings per share                                     $ 0.13         0.28
                                                             ======       ======

Diluted Numerator:                                                              
Dilutive net income available  to                                               
  common shareholders                                        $  991        2,273
                                                             ======       ======

Diluted Denominator                                                             
Basic weighted average shares outstanding                     7,949        7,906
Options                                                       1,303          607
                                                              -----       ------
Diluted weighted average shares                                                 
outstanding                                                   9,252        8,513
                                                             ======       ======

Diluted earnings per share                                   $ 0.11         0.26
                                                             ======       ======

The Company has two classes of common stock outstanding, the two-class method is
not  presented  because the  company's  capital  structure  does not provide for
different dividend rates or other preferences, other than voting rights, between
the two classes.                                                                

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing		Date		Other Filings
Filed on:		5/15/98
For Period End:		3/31/98
		3/31/97		10-Q
				List all Filings