Exhibit 11
Statement Re: Computation of Earnings Per Share
UNITED BANKSHARES, INC. AND SUBSIDIARIES
For the Quarter Ended
March 31
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1996 1995
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PRIMARY:
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Average Number of Common Shares 12,007,548 11,809,055
Average Number of Common Share Equivalents 71,524 73,360
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Average Shares and Share Equivalents Outstanding 12,079,072 11,882,415
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Net Income $ 7,504,000 $ 6,897,000
Preferred Dividends
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Available to Common Shares $ 7,504,000 $ 6,897,000
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Earnings Per Common Share: $ 0.62 $ 0.58
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FULLY DILUTED:
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Average Number of Common Shares 12,007,548 11,809,055
Average Number of Common Share Equivalents 71,524 85,929
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Average Shares and Share Equivalents Outstanding 12,079,072 11,894,984
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Net Income $ 7,504,000 $ 6,897,000
Preferred Dividends
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Available to Common Shares $ 7,504,000 $ 6,897,000
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Earnings Per Common Share $ 0.62 $ 0.58
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