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Exhibit 11
Statement Re: Computation of Earnings Per Share
UNITED BANKSHARES, INC. AND SUBSIDIARIES
For the Quarter Ended
March 31
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1998 1997
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BASIC:
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Average Number of Common Shares 30,013,828 30,070,908
Net Income $10,962,000 $10,048,000
Preferred Dividends -- --
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Available to Common Shares $10,962,000 $10,048,000
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Basic Earnings Per Common Share: $0.37 $0.33
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DILUTED:
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Average Number of Common Shares 30,013,828 30,070,908
Average Number of Common Share
Equivalents 419,222 254,472
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Average Shares and Share
Equivalents Outstanding 30,433,050 30,325,380
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Net Income $10,962,000 $10,048,000
Preferred Dividends -- --
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Available to Common Shares $10,962,000 $10,048,000
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Diluted Earnings Per Common Share $0.36 $0.33
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