EXHIBIT 11
INTER-REGIONAL FINANCIAL GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited, in thousands, except per-share amounts)
Three Months Ended Nine Months Ended
September 30, September 30,
1996 1995 1996 1995
--------------------------------------
Primary earnings per share:
Net earnings $12,990 $10,816 $41,098 $25,015
====== ====== ====== ======
Average number of common
and common equivalent
shares outstanding:
Average common shares
outstanding 12,155 12,134 12,121 12,123
Stock options 511 472 453 396
Shares credited to Wealth
Accumulation Plan participants 111 - 92 -
------ ------ ------ ------
12,777 12,606 12,666 12,519
====== ====== ====== ======
Primary earnings per share $ 1.02 $.86 $3.24 $2.00
====== ====== ====== ======
Earnings per share assuming
full dilution:
Net earnings $12,990 $10,816 $41,098 $25,015
====== ====== ====== ======
Average number of common and
common equivalent shares
outstanding:
Average common shares
outstanding 12,155 12,134 12,121 12,123
Stock options 654 586 676 609
Shares credited to Wealth
Accumulation Plan participants 111 - 92 -
------ ------ ------ ------
12,920 12,720 12,889 12,732
====== ====== ====== ======
Fully diluted earnings
per share $1.01 $.85 $3.19 $1.96
====== ====== ====== ======