Exhibit 11 Huntington Bancshares Incorporated Computation of Earnings Per Share Years Ended December 31, 1995,1994, and 1993 (in thousands of dollars, except per share amounts)
Year Ended December 31, 1995 1994 1993 ------------ ------------ ------------ Net Income $244,489 $242,593 $236,912 Effect of Convertible Debt 41 71 102 ------------ ------------ ------------ Fully Diluted Net Income $244,530 $242,664 $237,014 ============ ============ ============ Average Common Shares Outstanding 137,702,243 136,209,760 134,729,322 Dilutive Effect of Stock Options 887,103 812,172 1,283,813 ------------ ------------ ------------ Average Common Shares and Common Share Equivalents -- Primary 138,589,346 137,021,932 136,013,135 Additional Dilutive Effect of Stock Options 212,705 -- 36,800 Dilutive Effect of Convertible Debt 76,993 131,543 189,986 ------------ ------------ ------------ Fully Diluted Shares 138,879,044 137,153,475 136,239,921 ============ ============ ============ Net Income per Common Share Outstanding $1.78 $1.78 $1.76 Primary Earnings per Share $1.76 $1.77 $1.74 Fully Diluted Earnings per Share $1.76 $1.77 $1.74