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
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Net Income $ 66,450 $ 62,825
Effect of Convertible Debt -- 6
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Fully Diluted Net Income $ 66,450 $ 62,831
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Average Common Shares Outstanding 142,820,759 148,559,506
Dilutive Effect of Stock Options 1,377,028 1,164,170
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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
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Fully Diluted Shares 144,197,787 149,797,184
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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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