EXHIBIT 11 OLD KENT FINANCIAL CORPORATION PRIMARY EARNINGS PER SHARE CALCULATION Three Months Ended June 30 Six Months Ended June 30 1 9 9 6 1 9 9 5 1 9 9 6 1 9 9 5 NET INCOME.......................... $37,561,000 $37,393,000 $76,795,000 $72,096,000 Less: Preferred stock dividends..... - 0 - - 0 - - 0 - - 0 - INCOME FOR PRIMARY E.P.S. CALCULATION................. $37,561,000 $37,393,000 $76,795,000 $72,096,000 Avg common shares outstandiing 47,215,555 47,464,681 47,380,929 47,485,233 Common stock equivalents............ 347,065 326,106 356,468 419,106 SHARES FOR PRIMARY E.P.S. CALCULATION................. 47,562,620 47,790,787 47,737,397 47,904,339 PRIMARY E.P.S....................... $0.79 $0.78 $1.61 $1.50