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AMCORE Financial, Inc. and Subsidiaries
EXHIBIT 11
Statement Re Computation of Per Share Earnings
Quarter Ended June 30, Year-to-Date Ended June 30,
(in 000's) 1995 1994 1995 1994
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Primary Earnings per Share:
Earnings
Income applicable to common stock $1,140 $5,441 $5,757 $10,773
Shares
Weighted average number of common shares 14,069 14,018 14,059 14,017
Dilutive effect of outstanding options (as
determined by application of the treasury
stock method) 174 202 182 192
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Weighted average number of shares, as adjusted 14,243 14,220 14,241 14,209
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Primary Earnings per Share* $0.080 $0.383 $0.404 $0.758
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Fully Diluted Earnings per Share:
Earnings
Income applicable to common stock $1,140 $5,441 $5,757 $10,773
Shares
Weighted average number of shares, as adjusted
per primary computation above 14,243 14,220 14,241 14,209
Additional dilutive effect of outstanding options
(as determined by application of the treasury
stock method) -- 30 -- 37
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Weighted average number of shares, as adjusted 14,243 14,250 14,241 14,246
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Fully Diluted Earnings per Share* $0.080 $0.382 $0.404 $0.756
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* 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%.