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 quarters ended March 31, 1997 and 1996: Quarter ended Quarter ended March 31, 1997 March 31, 1996 -------------------- -------------------- Fully Fully Primary Diluted Primary Diluted Earnings Earnings Earnings Earnings Per Share Per Share Per Share Per Share ---------- ---------- ---------- ---------- Net income $ 8,516,707 $ 8,516,707 $ 5,969,214 $ 5,969,214 =========== =========== =========== ========== Weighted average number of common shares outstanding 129,289,680 129,289,680 129,281,960 129,281,960 Net increase due to assumed issuance of shares related to stock options outstanding computed using the treasury stock method 171,204 171,204 152,178 162,616 ----------- ----------- ----------- ----------- Adjusted weighted average number of common and common equivalent shares outstanding 129,460,884 129,460,884 129,434,138 129,444,576 =========== =========== =========== =========== Net income per common and common equivalent share outstanding $ .07 $ .07 $ .05 $ .05 =========== =========== =========== ===========