EXHIBIT 11
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FRONTIER FINANCIAL CORPORATION AND SUBSIDIARIES
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COMPUTATION OF EARNINGS PER SHARE
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(In thousands) For Six Months Ended June 30
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2005 2004
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Net Income $23,705 $20,589
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Computation of average shares
outstanding
Shares outstanding at
beginning of year 28,118 27,825
Shares issued or repurchased
during the year times average
time outstanding during the
year 123 89
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Average basic shares outstanding 28,241 27,914
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Dilutive shares 149 166
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Average diluted shares outstanding 28,390 28,080
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Basic earnings per share $0.84 $0.74
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Diluted earnings per share $0.83 $0.73
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