EXHIBIT 11
INTER-REGIONAL FINANCIAL GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF NET EARNINGS PER SHARE
(Unaudited, amounts in thousands, except per-share data)
Three Months ended March 31,
1996 1995
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PRIMARY EARNINGS PER SHARE:
Net earnings $15,080 $5,563
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Average number of common and common
equivalent shares outstanding:
Average common shares outstanding 12,081 12,087
Stock options 403 328
Shares credited to Wealth Accumulation
Plan participants 59 -
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12,543 12,415
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Primary earnings per share $1.20 $0.45
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EARNINGS PER SHARE ASSUMING FULL DILUTION:
Net earnings $15,080 $5,563
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Average number of common and common
equivalent shares outstanding:
Average common shares outstanding 12,081 12,087
Stock options 417 359
Shares credited to Wealth Accumulation
Plan participants 59 -
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12,557 12,446
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Fully diluted earnings per share $1.20 $0.45
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