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                                                                      Exhibit 11

                              BancTEXAS Group Inc.

                 COMPUTATION OF EARNINGS PER SHARE - Unaudited




                                         Three Months            Nine Months       
                                      ended September 30,      ended September 30, 
                                    ----------------------   ----------------------
                                       1994          1993       1994        1993  
                                     --------      --------   --------    --------                                       
                                             (In thousands, except per share)      
                                                                    
Net income (loss) applicable                                                       
  to common shareholders .....      $   (489)     $    304   $   (636)    $    941 
                                    ========      ========   ========     ======== 
                                                                                   
Weighted average common and                                                        
  common equivalent shares ...        36,324        23,379   $ 27,808     $ 23,285 
                                    ========      ========   ========     ======== 
                                                                                   
PER SHARE                                                                          
  Net income (loss) applicable                                                     
    to common shareholders ...      $   (.01)     $    .01   $   (.02)    $    .04 
                                    ========      ========   ========     ========