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