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, except per share amounts) For Six Months Ended June 30,
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2006 2005
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Net Income $32,833 $23,705
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Computation of average
shares outstanding
Shares outstanding at
beginning of year 28,438 28,118
Shares issued or repurchased
during the year times average
time outstanding during the year 1,370 123
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Average basic shares outstanding 29,808 28,241
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Dilutive shares 281 149
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Average diluted shares outstanding 30,089 28,390
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Basic earnings per share $1.10 $0.84
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Diluted earnings per share $1.09 $0.83
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