Exhibit 11 Huntington Bancshares Incorporated Computation of Earnings Per Share Years Ended December 31, 1996,1995, and 1994 (in thousands of dollars, except per share amounts)
Year Ended December 31, 1996 1995 1994 ----------- ----------- ----------- Net Income $ 262,101 $ 244,489 $ 242,593 Effect of Convertible Debt 13 41 71 ----------- ----------- ----------- Fully Diluted Net Income $ 262,114 $ 244,530 $ 242,664 =========== =========== =========== Average Common Shares Outstanding 145,957,137 151,385,467 149,830,736 Dilutive Effect of Stock Options 1,157,156 975,814 893,389 ----------- ----------- ----------- Average Common Shares and Common Share Equivalents -- Primary 147,114,293 152,361,281 150,724,125 Additional Dilutive Effect of Stock Options 160,218 233,976 -- Dilutive Effect of Convertible Debt 26,986 84,691 144,698 ----------- ----------- ----------- Fully Diluted Shares 147,301,497 152,679,948 150,868,823 =========== =========== =========== Net Income per Common Share Outstanding $ 1.80 $ 1.62 $ 1.62 Primary Earnings per Share $ 1.78 $ 1.60 $ 1.61 Fully Diluted Earnings per Share $ 1.78 $ 1.60 $ 1.61