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
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Net Income $62,825 $54,862
Effect of Convertible Debt 6 13
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Fully Diluted Net Income $62,831 $54,875
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Average Common Shares Outstanding 135,054,096 140,192,042
Dilutive Effect of Stock Options 1,058,336 779,532
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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
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Fully Diluted Shares 136,179,258 141,081,550
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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