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 six months ended June 30,
1996 and 1995:
Three months ended Six months ended
June 30, 1996 June 30, 1996
---------------------- -----------------------
Fully Fully
Primary Diluted Primary Diluted
Earnings Earnings Earnings Earnings
Per Share Per Share Per Share Per Share
---------- --------- --------- ---------
Net income $ 7,900,117 $ 7,900,117 $ 13,869,331 13,869,331
=========== =========== =========== ===========
Weighted average
number of common
shares outstanding 129,288,792 129,288,792 129,285,341 129,285,341
Increase due to
contingently issuable
shares associated
with an acquisition -- -- -- --
Increase due to
assumed issuance of
shares related to
stock options
outstanding 166,134 166,134 160,729 165,169
----------- ----------- ---------- ----------
Adjusted weighted
average number of
common and common
equivalent shares
outstanding 129,454,926 129,454,926 129,446,070 129,450,510
=========== =========== =========== ===========
Net income per common
and common equivalent
share $ .06 $ .06 $ .11 .11
=========== =========== ========== ==========
Three months ended Six months ended
June 30, 1995 June 30, 1995
------------------------ ------------------------
Fully Fully
Primary Diluted Primary Diluted
Earnings Earnings Earnings Earnings
Per Share Per Share Per Share Per Share
----------- ---------- ----------- ----------
Net income $ 6,013,579 $ 6,013,579 $ 10,797,098 10,797,098
Weighted average
number of common
shares outstanding 129,262,588 129,262,588 129,262,588 129,262,588
Increase due to
contingently issuable
shares associated
with an acquisition 43,478 43,478 43,478 43,478
Increase due to
assumed issuance of
shares related to
stock options
outstanding 116,944 116,944 121,060 121,060
----------- ----------- --------- ---------
Adjusted weighted
average number of
common and common
equivalent shares
outstanding 129,423,010 129,423,010 129,427,126 129,427,126
=========== =========== =========== ===========
Net income per common
and common equivalent
share $ .05 $ .05 $ .08 $ .08
=========== =========== =========== ==========