Exhibit 99.1
During 1997 the Financial Accounting Standards Board issued Financial Accounting
Standards ("SFAS") No. 128, "Earnings per Share" which is effective for the
Company beginning with the first quarter of fiscal 1998. SFAS No. 128 replaces
the previously reported primary and fully diluted earnings per share with basic
and diluted earnings per share. Following are restated earnings per share
amounts for prior periods computed in compliance with SFAS No. 128.
Selected Financial Data: Amounts in thousands, except per share data
Years ended September 30 1997 1996 1995 1994 1993 1992
---- ---- ---- ---- ---- ----
Earnings (Loss) Per Share
- -------------------------
Basic Earnings (Loss) Per Share:
Income Before Cumulative Effect of
Accounting Changes $ 2.42 $ 2.21 $ 1.85 $ 1.55 $ 1.38 $ 1.31
Cumulative Effect of Accounting Changes - - - - (0.93) -
Net Income $ 2.42 $ 2.21 $ 1.85 $ 1.55 $ 0.45 $ 1.31
Diluted Earnings (Loss) Per Share:
Income Before Cumulative Effect of
Accounting Changes $ 2.30 $ 2.11 $ 1.79 $ 1.51 $ 1.35 $ 1.27
Cumulative Effect of Accounting Changes - - - - (0.90) -
Net Income $ 2.30 $ 2.11 $ 1.79 $ 1.51 $ 0.45 $ 1.27
Average Common Shares Outstanding 122,615 126,709 134,144 144,474 151,666 151,353
Average Common and Common Equivalent
Shares Outstanding - Assuming Dilution 129,793 133,823 140,175 149,309 156,604 156,721
Reconciliation between the calculation of basic
and diluted earnings per share:
1997 1996 1995
---- ---- ----
Income Before Cumulative Effect of Accounting Changes $ 300,074 $ 283,447 $ 251,696
Less: Preferred Stock Dividends (3,365) (3,484) (3,596)
-------- -------- --------
Income Before Cumulative Effect of Accounting Changes
Applicable to Common Shareholders 296,709 279,963 248,100
Cumulative Effect of Accounting Changes, Net of Taxes - - -
-------- -------- --------
Income Available to Common Shareholders 296,709 279,963 248,100
Preferred Stock Dividends - Using the "If Converted" Method 3,365 3,484 3,596
Additional ESOP Contribution - Using the "If Converted" Method (1,124) (1,288) (1,419)
-------- -------- --------
Income Available to Common Shareholders After Assumed
Conversions $ 298,950 $ 282,159 $ 250,277
======== ======== ========
Average Common Shares Outstanding 122,615 126,709 134,144
Dilutive Stock Equivalents from Stock Plans 4,406 4,243 3,063
Shares Issuable Upon Conversion of Preferred Stock 2,772 2,871 2,968
Average Common and Common Equivalent -------- -------- --------
Shares Outstanding - Assuming Dilution 129,793 133,823 140,175
======== ======== ========
Quarterly Financial Data:
- ------------------------
1st 2nd 3rd 4th Year
1997
Basic Earnings Per Share $0.46 $0.67 $0.57 $0.72 $2.42
Diluted Earnings Per Share 0.44 0.63 0.54 0.69 2.30
1996
Basic Earnings Per Share $0.34 $0.58 $0.61 $0.69 $2.21
Diluted Earnings Per Share 0.33 0.55 0.58 0.66 2.11