EXHIBIT 11.2
COMPUTATION OF PER SHARE EARNINGS
Three-Month, Nine-Month, and Twelve-Month
Periods Ended September 30, 1995
Fully
Three Months Ended September 30, 1995: Primary Diluted
====================================== ========== ==========
Weighted Average Number of Shares:
Average Common Shares Outstanding at
September 30, 1995 63,031,729 63,031,729
Dilutive Effect for Nonqualified
Stock Options at September 30, 1995 174,251 208,347
---------- ----------
Weighted Average Shares at
September 30, 1995 63,205,980 63,240,076
========== ==========
Net Income to Be Used to Compute
Earnings Per Average Common Share:
(Dollars in thousands)
Net Income $ 36,358 $ 36,358
Dividend Requirements on Preferred Shares 766 766
---------- ----------
Balance Available for Common Shareholders $ 35,592 $ 35,592
========== ==========
Earnings Per Average Common Share $ 0.56(a) $ 0.56(a)
========== ==========
Fully
Nine Months Ended September 30, 1995: Primary Diluted
===================================== ========== ==========
Weighted Average Number of Shares:
Average Common Shares Outstanding at
September 30, 1995 63,532,590 63,532,590
Dilutive Effect for Nonqualified
Stock Options at September 30, 1995 158,681 208,347
---------- ----------
Weighted Average Shares at
September 30, 1995 63,691,271 63,740,937
========== ==========
Net Income to Be Used to Compute
Earnings Per Average Common Share:
(Dollars in thousands)
Net Income $ 123,637 $ 123,637
Dividend Requirements on Preferred Shares 2,297 2,297
---------- ----------
Balance Available for Common Shareholders $ 121,340 $ 121,340
========== ==========
Earnings Per Average Common Share $ 1.90(a) $ 1.90(a)
========== ==========
Fully
Twelve Months Ended September 30, 1995: Primary Diluted
======================================= ========== ==========
Weighted Average Number of Shares:
Average Common Shares Outstanding at
September 30, 1995 63,655,520 63,655,520
Dilutive Effect for Nonqualified
Stock Options at September 30, 1995 142,267 208,347
---------- ----------
Weighted Average Shares at
September 30, 1995 63,797,787 63,863,867
========== ==========
Net Income to Be Used to Compute
Earnings Per Average Common Share:
(Dollars in thousands)
Net Income $ 172,570 $ 172,570
Dividend Requirements on Preferred Shares 3,063 3,063
---------- ----------
Balance Available for Common Shareholders $ 169,507 $ 169,507
========== ==========
Earnings Per Average Common Share $ 2.65(a) $ 2.65(a)
========== ==========
<FN>
(a) This calculation is submitted in accordance with regulation S-K item
601(b)(11) although not required by footnote 2 to paragraph 14 of APB
Opinion No. 15 because it results in dilution of less than 3%.