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 ---------------------------- ---------------------------- 1995 1994 1995 1994 ----------- ----------- ----------- ----------- Net Income $58,161 $67,453 $113,023 $134,195 Effect of Convertible Debt 13 21 25 41 ----------- ----------- ----------- ----------- Fully Diluted Net Income $58,174 $67,474 $113,048 $134,236 =========== =========== =========== =========== 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 ----------- ----------- ----------- ----------- 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