EXHIBIT 11 HUNTINGTON BANCSHARES INCORPORATED COMPUTATION OF EARNINGS PER SHARE FOR PERIODS ENDED MARCH 31, 1997, AND 1996 (IN THOUSANDS OF DOLLARS, EXCEPT PER SHARE AMOUNTS)
Period Ended March 31, 1997 1996 ------------ ------------ Net Income $ 66,450 $ 62,825 Effect of Convertible Debt -- 6 ------------ ------------ Fully Diluted Net Income $ 66,450 $ 62,831 ============ ============ Average Common Shares Outstanding 142,820,759 148,559,506 Dilutive Effect of Stock Options 1,377,028 1,164,170 ------------ ------------ Average Common Shares and Common Share Equivalents -- Primary 144,197,787 149,723,676 Additional Dilutive Effect of Stock Options -- 21,319 Dilutive Effect of Convertible Debt -- 52,189 ------------ ------------ Fully Diluted Shares 144,197,787 149,797,184 ============ ============ Net Income per Common Share Outstanding $ 0.47 $ 0.42 Primary Earnings per Share $ 0.46 $ 0.42 Fully Diluted Earnings per Share $ 0.46 $ 0.42
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