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EXHIBIT 11
FIFTH THIRD BANCORP
COMPUTATION OF CONSOLIDATED EARNINGS PER SHARE
FOR THE YEARS ENDED DECEMBER 31
1999 1998 1997 1996 1995
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NET INCOME $668,229 546,512 529,379 442,876 389,017
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EARNINGS PER SHARE:
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING (a) 306,119 301,335 297,864 299,175 285,501
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PER SHARE (NET INCOME DIVIDED BY THE WEIGHTED
AVERAGE NUMBER OF SHARES OUTSTANDING) $ 2.18 1.81 1.78 1.48 1.36
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DILUTED EARNINGS PER SHARE:
NET INCOME $668,229 546,512 529,379 442,876 389,017
ADD - INTEREST ON 6% CONVERTIBLE SUBORDINATED
NOTES DUE 2028, NET OF APPLICABLE INCOME TAXES 6,728 3,364 0 0 0
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ADJUSTED NET INCOME $674,957 549,876 529,379 442,876 389,017
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ADJUSTED WEIGHTED AVERAGE NUMBER OF SHARES
OUTSTANDING - AFTER GIVING EFFECT TO THE
CONVERSION OF STOCK OPTIONS AND CONVERTIBLE
SUBORDINATED NOTES (a) 314,570 308,752 302,827 305,761 295,252
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PER SHARE (ADJUSTED NET INCOME DIVIDED BY
THE ADJUSTED WEIGHTED AVERAGE NUMBER OF
SHARES OUTSTANDING) $ 2.15 1.78 1.75 1.45 1.32
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<FN>
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(a) Per share amounts and average shares outstanding have been adjusted for the
three-for-two stock split effected in the form of a stock dividend declared
March 17, 1998 and distributed April 15, 1998.