EXHIBIT 11 CT COMMUNICATIONS, INC. AND SUBSIDIARIES Computation of Earnings Per Share Years Ended -------------------------------------- December 31 December 31 December 31 1996 1995 1994 ------------ ----------- ----------- Computation of share totals used in computing earnings per share: Weighted average number of shares outstanding (Adjusted for stock split May 3, 1996) 1,484,789 1,478,922 1,475,523 Primary average shares: a - Outstanding 1,484,789 1,478,922 1,475,523 Incremental shares arising from oustanding stock options: 12,861 13,140 5,019 --------- ------------ ----------- b - Totals 1,497,650 1,492,062 1,480,542 c - Net Income 10,368,886 12,923,608 8,250,400 ---------- ----------- ------------ Net Income Per Share Primary - (c/a) $ 6.98 $ 8.74 $ 5.59 ---------- ----------- ------------ Net Income Per Share assuming full dilution (c/b) $ 6.98 $ 8.66 $ 5.57 ---------- ----------- -----------