SUSQUEHANNA BANCSHARES, INC. Exhibit 11
Computation of Earnings per Common Share ----------
(In thousands, except per share data) Years ended December 31,
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1996 1995 1994
Primary earnings per common share:
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Net income before extraordinary item $29,976 $26,017 $22,828
Average common shares outstanding 13,161 11,674 11,634
Stock option common stock equivalents 4 --- ---
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Primary average common shares
outstanding 13,165 11,674 11,634
Primary earnings per common share
before extraordinary item $2.28 $2.23 $1.96
Net income $29,976 $26,017 $22,096
Average common shares outstanding 13,161 11,674 11,634
Stock option common stock equivalents 4 --- ---
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Primary average common shares
outstanding 13,165 11,674 11,634
Primary earnings per common share $2.28 $2.23 $1.90
Fully-diluted earnings per common share:
- ----------------------------------------
Net income before extraordinary item $29,976 $26,017 $22,828
Average common shares outstanding 13,161 11,674 11,634
Stock option common stock equivalents
assuming full dilution 16 --- ---
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Fully-diluted average common shares 13,177 11,674 11,634
outstanding
Fully-diluted earnings per common share
before extraordinary item $2.27 $2.23 $1.96
Net income $29,976 $26,017 $22,096
Average common shares outstanding 13,161 11,674 11,634
Stock option common stock equivalents
assuming full dilution 16 --- ---
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Fully-diluted average common shares
outstanding 13,177 11,674 11,634
Fully-diluted earnings per common share $2.27 $2.23 $1.90
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