Bankamerica Corp – ‘10-K405’ for 12/31/95 – EX-11

As of:  Friday, 3/15/96   ·   For:  12/31/95   ·   Accession #:  898430-96-858   ·   File #:  1-07377

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Annual Report — [x] Reg. S-K Item 405   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K405     Form 10-K                                             29    196K 
 2: EX-10.A     Retirement Plan for Nonofficer Directors,              2     10K 
                          Amendment                                              
 3: EX-10.D     Senior Management Incentive Plan, Amendment            1      8K 
 4: EX-10.I     1992 Management Stock Plan, Amendment                  1      7K 
 5: EX-10.L     Supplemental Benefits Agreement                        3      9K 
 6: EX-10.O     Severance Pay Program                                 22     91K 
 7: EX-10.P     General Release and Settlement Agreement              13     53K 
 8: EX-11       Computation of Earnings Per Share                      2±    10K 
 9: EX-12.A     Ratios of Earnings                                     3     16K 
10: EX-12.B     Pro Forma Combined Ratios of Earnings                  2     11K 
11: EX-13       1995 Bankamerica Corp. Annual Report to S/H          164±   699K 
12: EX-21       Bankamerica Corporation Subsidiaries                   7     41K 
13: EX-23       Consent of Independent Auditors                        1     13K 
14: EX-24       Powers of Attorney                                    15     25K 
15: EX-27       Financial Data Schedule                                2     13K 

EX-11   —   Computation of Earnings Per Share

EX-11
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                                                                      Exhibit 11

BANKAMERICA CORPORATION 
Computation of Earnings Per Common Share  

                                                                [Download Table]


                                                    Year Ended December 31         
                                           ----------------------------------------
(Dollar amounts in millions, except            1995          1994          1993    
per share data)                            ------------  ------------  ------------
                                                                                   

Net income                                       $2,664        $2,176        $1,954
Less:  Preferred stock dividends                    227           248           241
                                                 ------        ------        ------

    NET INCOME APPLICABLE TO COMMON STOCK        $2,437        $1,928        $1,713
                                                 ======        ======        ======

Average number of common shares                                                    
  outstanding                               370,981,593   357,312,433   355,106,722

Average number of common and common                                                
  equivalent shares outstanding             375,555,919   359,793,169   357,679,670

Average number of common shares                                                    
  outstanding assuming full dilution        378,103,241   365,273,824   363,243,993

Earnings per common and common                                                     
  equivalent share                               $ 6.49        $ 5.36        $ 4.79

Earnings per common share-                                                         
  assuming full dilution                         $ 6.45        $ 5.33        $ 4.76


Earnings per common and common equivalent share are computed by dividing net    
income applicable to common stock by the total of the average number of common  
shares outstanding and the additional dilutive effect of stock options and      
warrants outstanding during the respective period.  The dilutive effect of stock
options and warrants is computed using the average market price of BankAmerica  
Corporation's common stock for the period.                                      

Earnings per common share, assuming full dilution, are computed based on the    
average number of common shares outstanding during the period, and the          
additional dilutive effect of stock options and warrants outstanding during the 
period.  The dilutive effect of outstanding stock options and warrants is       
computed using the greater of the closing market price or the average market    
price of BankAmerica Corporation's common stock for the period.  Earnings per   
common share, assuming full dilution, also includes the dilution which would    
result if BankAmerica Corporation's outstanding 6 1/2% Cumulative Convertible   
Preferred Stock, Series G (Convertible Preferred Stock) had been redeemed or    
converted during the period.  Net income applicable to common stock was adjusted
for dividends declared on the Convertible Preferred Stock of $3 million, $16    
million, and $16 million during the years ended December 31, 1995, 1994 and     
1993, respectively.  The  outstanding shares of the Convertible Preferred Stock 
were redeemed or converted during May 1995.                                     

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K405’ Filing		Date		Other Filings
Filed on:		3/15/96
For Period End:		12/31/95
		12/31/94		10-K/A,  10-K405,  8-K
		12/31/93		10-K,  11-K,  8-K
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