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EXHIBIT 11
FIFTH THIRD BANCORP
COMPUTATION OF CONSOLIDATED EARNINGS PER SHARE
FOR THE YEARS ENDED DECEMBER 31
($ and share data in thousands, except per share data)
2000 1999 1998 1997 1996
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NET INCOME $ 862,885 668,229 546,512 529,379 442,876
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EARNINGS PER SHARE:
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING (a) 463,846 459,179 452,002 446,796 448,762
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PER SHARE (NET INCOME DIVIDED BY THE WEIGHTED
AVERAGE NUMBER OF SHARES OUTSTANDING) $ 1.86 1.46 1.21 1.18 0.99
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EARNINGS PER DILUTED SHARE:
NET INCOME $ 862,885 668,229 546,512 529,379 442,876
ADD - INTEREST ON 6% CONVERTIBLE SUBORDINATED
NOTES DUE 2028, NET OF APPLICABLE INCOME TAXES 6,728 6,728 3,364 0 0
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ADJUSTED NET INCOME $ 869,613 674,957 549,876 529,379 442,876
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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) 475,978 471,856 463,127 454,241 458,640
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PER SHARE (ADJUSTED NET INCOME DIVIDED BY
THE ADJUSTED WEIGHTED AVERAGE NUMBER OF
SHARES OUTSTANDING) $ 1.83 1.43 1.19 1.17 0.97
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(a) Per share amounts and average shares outstanding have been adjusted for the
three-for-two stock splits effected in the form of stock dividends paid
July 14, 2000, April 15, 1998 and July 15, 1997.