ASSOCIATED BANC-CORP
EXHIBIT (11)
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
1995 1994 1993
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As reported:
Net income $ 46,652,216 $ 41,662,473 $ 37,397,661
Weighted average common shares outstanding 16,505,172 16,481,378 16,269,258
Net income per share $ 2.83 $ 2.53 $ 2.30
Primary:
Net income $ 46,652,216 $ 41,662,473 $ 37,397,661
Weighted average common shares outstanding 16,505,172 16,481,378 16,269,258
Common stock equivalents 197,096 190,983 204,070
Adjusted weighted average common shares outstanding 16,702,268 16,672,361 16,473,328
Net income per share $ 2.79 $ 2.50 $ 2.27
Fully diluted:
Net income $ 46,652,216 $ 41,662,473 $ 37,397,661
Weighted average common shares outstanding 16,505,172 16,481,378 16,269,258
Common stock equivalents 282,466 200,885 207,820
Adjusted weighted average common shares outstanding 16,787,638 16,682,263 16,477,078
Net income per share $ 2.78 $ 2.50 $ 2.27
Note: The primary and fully diluted numbers are not disclosed in the reported
financials because any dilution that is less than 3% of earnings per
common shares outstanding is not considered to be material.
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