Exhibit 11
Huntington Bancshares Incorporated
Computation of Earnings Per Share
For Periods Ended March 31, 1995, and 1994
Period Ended March 31, 1995 1994
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Net Income $53,855,000 $66,742,000
Favorable Effect of Convertible Debt $13,000 $21,000
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Fully Diluted Net Income $53,868,000 $66,763,000
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Average Common Shares Outstanding 130,236,851 129,840,298
Dilutive Effect of Stock Options
Outstanding 621,191 853,973
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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
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Fully Diluted Shares Outstanding 130,961,582 130,841,502
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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