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 and six months ended June 30, 1997 and
1996:
Three months ended Three months ended
June 30, 1997 June 30, 1996
---------------------------- --------------------------
Fully Fully
Primary Diluted Primary Diluted
Earnings Earnings Earnings Earnings
Per Share Per Share Per Share Per Share
------------ ------------ ------------ -----------
Net income .................................... $ 9,941,445 $ 9,941,445 $ 7,900,117 $ 7,900,117
============ ============ ============ ============
Weighted average number of common
shares outstanding .......................... 129,289,801 129,289,801 129,288,792 129,288,792
Net increase due to assumed issuance of shares
related to stock options outstanding computed
using the treasury stock method ............. 155,834 155,834 166,134 166,134
------------ ------------ ------------ ------------
Adjusted weighted average number of common
and common equivalent shares outstanding .... 129,445,635 129,445,635 129,454,926 129,454,926
============ ============ ============ ============
Net income per common and common equivalent
share outstanding ........................... $ .08 $ .08 $ .06 $ .06
============ ============ ============ ============
Six months ended Six months ended
June 30, 1997 June 30, 1996
----------------------------- ---------------------------
Fully Fully
Primary Diluted Primary Diluted
Earnings Earnings Earnings Earnings
Per Share Per Share Per Share Per Share
------------- ------------- ------------ ------------
Net income .................................... $ 18,458,152 $ 18,458,152 $ 13,869,331 $ 13,869,331
============ ============ ============ ============
Weighted average number of common
shares outstanding .......................... 129,289,741 129,289,741 129,285,341 129,285,341
Net increase due to assumed issuance of shares
related to stock options outstanding computed
using the treasury stock method ............. 157,481 157,481 160,729 165,169
------------ ------------ ------------ ------------
Adjusted weighted average number of common
and common equivalent shares outstanding .... 129,447,222 129,447,222 129,446,070 129,450,510
============ ============ ============ ============
Net income per common and common equivalent
share outstanding ........................... $ .14 $ .14 $ .11 $ .11
============ ============ ============ ============