EXHIBIT 11
Huntington Bancshares Incorporated
Computation of Earnings Per Share
For Periods Ended June 30, 1995, and 1994
( in thousands of dollars, except per share amounts )
Three Months Ended Six Months Ended
June 30 June 30
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1995 1994 1995 1994
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Net Income $58,161 $67,453 $113,023 $134,195
Effect of Convertible Debt 13 21 25 41
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Fully Diluted Net Income $58,174 $67,474 $113,048 $134,236
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Average Common Shares Outstanding 139,996,550 136,439,751 140,093,756 136,386,328
Dilutive Effect of Stock Options 745,849 907,481 762,691 902,076
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Average Common Shares and Common
Share Equivalents -- Primary 140,742,399 137,347,232 140,856,447 137,288,404
Additional Dilutive Effect of Stock Options 135,659 118,817
Dilutive Effect of Convertible Debt 94,823 154,593 94,836 154,593
----------- ----------- ----------- -----------
Fully Diluted Shares 140,972,881 137,501,825 141,070,100 137,442,997
=========== =========== =========== ===========
Net Income per Common Share Outstanding $0.42 $0.49 $0.81 $0.98
Primary Earnings per Share $0.41 $0.49 $0.80 $0.98
Fully Diluted Earnings per Share $0.41 $0.49 $0.80 $0.98