EXHIBIT 11
Huntington Bancshares Incorporated
Computation of Earnings Per Share
For Periods Ended September 30, 1995, and 1994
( in thousands of dollars, except per share amounts )
Three Months Ended Nine Months Ended
September 30 September 30
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1995 1994 1995 1994
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Net Income $65,937 $55,902 $178,960 $190,097
Effect of Convertible Debt 8 15 34 56
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Fully Diluted Net Income $65,945 $55,917 $178,994 $190,153
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Average Common Shares Outstanding 137,182,768 136,107,853 139,112,764 136,257,881
Dilutive Effect of Stock Options 928,419 806,587 817,933 870,246
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Average Common Shares and Common
Share Equivalents -- Primary 138,111,187 136,914,440 139,930,697 137,128,127
Additional Dilutive Effect of Stock Options 80,732 79,220
Dilutive Effect of Convertible Debt 63,397 111,816 84,357 140,334
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Fully Diluted Shares 138,255,316 137,026,256 140,094,274 137,268,461
=========== =========== =========== ===========
Net Income per Common Share Outstanding $0.48 $0.41 $1.29 $1.40
Primary Earnings per Share $0.48 $0.41 $1.28 $1.39
Fully Diluted Earnings per Share $0.48 $0.41 $1.28 $1.39