Exhibit 11 Huntington Bancshares Incorporated Computation of Earnings Per Share Years Ended December 31, 1994, 1993, and 1992

Year Ended December 31, 1994 1993 1992 --------------- --------------- --------------- Net Income $242,593,000 $236,912,000 $161,046,000 Favorable Effect of Convertible Debt $71,000 $102,000 $145,000 --------------- --------------- --------------- Fully Diluted Net Income $242,664,000 $237,014,000 $161,191,000 =============== =============== =============== Average Common Shares Outstanding 129,723,581 128,313,640 126,425,920 Dilutive Effect of Stock Options Outstanding 773,497 1,257,727 1,283,910 Dilutive Effect of Convertible Debt Outstanding 125,279 180,939 257,259 --------------- --------------- --------------- Fully Diluted Shares Outstanding 130,622,357 129,752,306 127,967,089 =============== =============== =============== Net Income per Common Share: No dilution $1.87 $1.85 $1.27 Primary $1.86 $1.83 $1.26 Fully diluted $1.86 $1.83 $1.26