TOTAL SYSTEM SERVICES, INC. Statement re Computation of Per Share Earnings The following computations set forth the calculations of primary and fully diluted earnings per share for the three months and nine months ended September 30, 1995 and 1994: Three Months Ended Nine Months Ended September 30, 1995 September 30, 1995 Fully Fully Primary Diluted Primary Diluted Earnings Earnings Earnings Earnings Per Share Per Share Per Share Per Share Net income $ 7,389,910 $ 7,389,910 $ 18,187,008 $ 18,187,008 ========== ========== ========== ========== Weighted average number of common shares outstanding 64,631,294 64,631,294 64,631,294 64,631,294 Increase due to contingently issuable shares associated with an acquisition 15,152 15,152 15,152 15,152 Increase due to assumed issuance of shares related to stock options outstanding 65,345 69,340 62,376 69,340 ---------- ---------- ---------- ---------- Adjusted weighted average number of common and common equivalent shares outstanding 64,711,791 64,715,786 64,708,822 64,715,786 ========== ========== ========== ========== Net income per common and common equivalent share $ .114 $ .114 $ .281 $ .281 ========== ========== ========== ========= Three Months Ended Nine Months Ended September 30, 1994 September 30, 1994 Fully Fully Primary Diluted Primary Diluted Earnings Earnings Earnings Earnings Per Share Per Share Per Share Per Share Net income $ 5,716,760 $ 5,716,760 $ 15,290,240 $ 15,290,240 ========== ========== ========== ========== Weighted average number of common shares outstanding 64,631,294 64,631,294 64,628,979 64,628,979 Increase due to contingently issuable shares associated with an acquisition 19,849 39,698 19,849 39,698 Increase due to assumed issuance of shares related to stock options outstanding 53,951 62,135 18,178 21,622 ---------- ---------- ---------- --------- Adjusted weighted average number of common and common equivalent shares outstanding 64,705,094 64,733,127 64,667,006 64,690,299 ========== ========== ========== ========== Net income per common and common equivalent share $ .088 $ .088 $ .236 $ .236 ========== ========== ========= =========