Exhibit 11 Huntington Bancshares Incorporated Computation of Earnings Per Share For Periods Ended March 31, 1995, and 1994
Period Ended March 31, 1995 1994 ----------- ----------- Net Income $53,855,000 $66,742,000 Favorable Effect of Convertible Debt $13,000 $21,000 ----------- ----------- Fully Diluted Net Income $53,868,000 $66,763,000 =========== =========== Average Common Shares Outstanding 130,236,851 129,840,298 Dilutive Effect of Stock Options Outstanding 621,191 853,973 ----------- ----------- Average Common Shares and Common Share Equivalents Outstanding -- Primary 130,858,042 130,694,271 Additional Dilutive Effect of Stock Options Outstanding 13,207 --- Dilutive Effect of Convertible Debt Outstanding 90,333 147,231 ----------- ----------- Fully Diluted Shares Outstanding 130,961,582 130,841,502 =========== =========== Net Income per Common Share Outstanding $0.41 $0.51 Primary Earnings per Share $0.41 $0.51 Fully Diluted Earnings per Share $0.41 $0.51