Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

August 14, 1997

EXHIBIT 11

Published on August 14, 1997


EXHIBIT 11

Huntington Bancshares Incorporated
Computation of Earnings Per Share
For Periods Ended June 30, 1997, and 1996
( in thousands of dollars, except per share amounts )



Three Months Ended Six Months Ended
June 30 June 30
------------------------------- -------------------------------
1997 1996 1997 1996
------------ ------------ ------------ ------------

Net Income $ 72,546 $ 65,088 $ 138,996 $ 127,913

Effect of Convertible Debt -- 7 -- 13
------------ ------------ ------------ ------------

Fully Diluted Net Income $ 72,546 $ 65,095 $ 138,996 $ 127,926
============ ============ ============ ============


Average Common Shares Outstanding 159,244,641 160,825,633 158,179,654 162,120,544

Dilutive Effect of Stock Options 1,505,919 1,257,896 1,199,582 1,269,242
------------ ------------ ------------ ------------

Average Common Shares and Common
Share Equivalents -- Primary 160,750,560 162,083,529 159,379,236 163,389,786

Additional Dilutive Effect of Stock Options 97,337 -- 403,674 11,725

Dilutive Effect of Convertible Debt -- 57,409 -- 57,409
------------ ------------ ------------ ------------


Fully Diluted Shares 160,847,897 162,140,938 159,782,910 163,458,920
============ ============ ============ ============


Net Income per Common Share Outstanding $ 0.46 $ 0.40 $ 0.88 $ 0.79
Primary Earnings per Share $ 0.45 $ 0.40 $ 0.87 $ 0.78
Fully Diluted Earnings per Share $ 0.45 $ 0.40 $ 0.87 $ 0.78