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EXHIBIT 11
FIRST FINANCIAL BANCORP.
COMPUTATION OF CONSOLIDATED NET EARNINGS PER SHARE
FOR THE YEAR ENDED DECEMBER 31
1995 1994 1993**
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Weighted Average:
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Net earnings $31,789,000 $28,173,000 $25,194,000
=========== =========== ===========
Weighted average number of shares
outstanding 12,488,168 12,210,753 12,211,405
=========== =========== ===========
Per share (net earnings divided by the
weighted average number of shares
outstanding) $ 2.55 $ 2.31 $ 2.06
=========== =========== ===========
Primary:
- --------
Net earnings $31,789,000 $28,173,000 $25,194,000
=========== =========== ===========
Adjusted weighted average number of shares
outstanding 12,511,352 12,233,727 12,228,865
=========== =========== ===========
Per share (net earnings divided by the
adjusted weighted average number of shares
outstanding) $ 2.54 $ 2.30 $ 2.06
=========== =========== ===========
Fully Diluted:
- --------------
Net earnings $31,789,000 $28,173,000 $25,194,000
=========== =========== ===========
Adjusted weighted average number of shares
outstanding 12,515,316 12,240,573 12,243,270
=========== =========== ===========
Per share (net earnings divided by the
adjusted weighted average number of shares
outstanding) $ 2.54 $ 2.30 $ 2.06
=========== =========== ===========
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** Per share data has been restated for a five-for-four stock split
distributed in the form of a 25% stock dividend on December 1, 1994.