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 -------------------------- -------------------------- 1995 1994 1995 1994 ----------- ----------- ----------- ----------- Net Income $65,937 $55,902 $178,960 $190,097 Effect of Convertible Debt 8 15 34 56 ----------- ----------- ----------- ----------- Fully Diluted Net Income $65,945 $55,917 $178,994 $190,153 =========== =========== =========== =========== 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 ----------- ----------- ----------- ----------- 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 ----------- ----------- ----------- ----------- 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