1 Exhibit 11.1 The CIVISTA Corporation Computation of Earnings Per Share For the Years Ended September 30, ----------------------------------------------- 1994 1993 1992 ----------- ------------ ------------ Computation of primary earnings per share: Weighted average number of common shares outstanding 3,492,996 3,478,330 3,463,116 Add common stock equivalents for shares issuable under stock option plan (1) 170,866 116,388 66,524 ------------- ------------ ------------ Weighted average number of shares outstanding adjusted for common stock equivalents 3,663,862 3,594,718 3,529,640 ============= ============ ============ Net earnings $ 11,048,402 13,072,362 9,556,638 ============= ============ ============ Primary earnings per share $ 3.02 3.64 2.71 ============= ============ ============ <FN> (1) Additional shares issuable were derived under the treasury stock method using average market price during the period.