Exhibit 11
Statement Re: Computation of Earnings Per Share
UNITED BANKSHARES, INC. AND SUBSIDIARIES
For the Quarter Ended For the Six Months Ended
June 30 June 30
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1995 1994 1995 1994
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PRIMARY:
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Average Number of Common Shares 11,805,713 11,941,533 11,807,375 11,935,703
Average Number of Common Share Equivalents 91,653 90,497 81,652 91,262
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Average Shares and Share Equivalents Outstanding 11,897,366 12,032,030 11,889,027 12,026,965
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Net Income $ 7,042,000 $ 6,210,000 $13,939,000 $12,304,000
Preferred Dividends
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Available to Common Shares $ 7,042,000 $ 6,210,000 $13,939,000 $12,304,000
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Earnings Per Common Share: $ 0.59 $ 0.52 $ 1.17 $ 1.03
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FULLY DILUTED:
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Average Number of Common Shares 11,805,713 11,941,533 11,807,375 11,935,703
Average Number of Common Share Equivalents 91,653 90,497 86,693 91,262
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Average Shares and Share Equivalents Outstanding 11,897,366 12,032,030 11,894,068 12,026,965
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Net Income $ 7,042,000 $ 6,210,000 $13,939,000 $12,304,000
Preferred Dividends
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Available to Common Shares $ 7,042,000 $ 6,210,000 $13,939,000 $12,304,000
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Earnings Per Common Share $ 0.59 $ 0.52 $ 1.17 $ 1.03
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