Exhibit 11 Huntington Bancshares Incorporated Computation of Earnings Per Share For Periods Ended March 31, 1996, and 1995 ( in thousands of dollars, except per share amounts )
Period Ended March 31, 1996 1995 ----------- ----------- Net Income $62,825 $54,862 Effect of Convertible Debt 6 13 ----------- ----------- Fully Diluted Net Income $62,831 $54,875 =========== =========== Average Common Shares Outstanding 135,054,096 140,192,042 Dilutive Effect of Stock Options 1,058,336 779,532 ----------- ----------- Average Common Shares and Common Share Equivalents -- Primary 136,112,432 140,971,574 Additional Dilutive Effect of Stock Options 19,381 15,127 Dilutive Effect of Convertible Debt 47,445 94,849 ----------- ----------- Fully Diluted Shares 136,179,258 141,081,550 =========== =========== Net Income per Common Share Outstanding $0.47 $0.39 Primary Earnings per Share $0.46 $0.39 Fully Diluted Earnings per Share $0.46 $0.39