1 EXHIBIT 11 BancTEXAS Group Inc. Computation of Earning (Loss) Per Share Year ended December 31, ----------------------------------------------------------------------- 1994 1993 1992<F*> ----------------------- --------------------- ------------------ Per Per Per Amount Share Amount Share Amount Share ------ ----- ------ ----- ------ ----- (Dollars in thousands, except per share) Primary: Income (loss) before extraordinary item $ (905) $ (.02) $ 219 $ .01 $ 702 $ .03 Extraordinary item - - - - 362 .02 ------ ------- ------- ------ ------- ------ Net income (loss) applicable to common shareholders $ (905) $ (.02) $ 219 $ .01 $ 1,064 $ .05 ====== ======= ======= ====== ======= ====== Weighted average common and common equivalent shares 36,412,526 23,300,682 23,117,311 ========== ========== ========== Fully diluted: Income (loss) before extraordinary item $ (905) $ (.02) $ 219 $ .01 $ 702 $ .03 Extraordinary item - - - - 362 .02 ------ ------- ------- ------ ------- ------ Net income (loss) (905) (.02) 219 .01 1,064 .05 Interest expense on 9% subordinated debentures 63 - 63 - 63 - ------- ------- ------- ------ ------- ------ Net income (loss) applicable to common shareholders $ (842) $ (.02) $ 282 $ .01 $ 1,127 $ .05 ====== ======= ======= ====== ======= ====== Weighted average shares: Weighted average common shares 32,713,872 19,355,767 19,141,086 Assuming conversion of: Stock warrants 1,893,658 1,919,751 1,912,792 Stock options 1,804,996 2,025,164 2,063,433 9% subordinated debentures 2,594 2,594 2,594 ---------- ---------- ---------- Weighted average shares 36,415,120 23,303,276 23,119,905 ========== ========== ========== <FN> ------------------ <F*> Restated to reflect BankTEXAS' merger with First Bank/Las Colinas on December 31, 1992