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
----------------------- ------------------------
1996 1995 1996 1995
---------- ---------- ---------- ----------
PRIMARY:
- --------
Average Number of Common Shares 15,146,697 14,944,417 15,146,446 14,946,079
Average Number of Common Share
Equivalents 75,957 91,653 82,800 81,652
----------- ----------- ----------- -----------
Average Shares and Share
Equivalents Outstanding 15,222,654 15,036,070 15,229,246 15,027,731
=========== =========== =========== ===========
Net Income $ 1,265,000 $ 8,448,000 $ 9,353,000 $16,613,000
----------- ----------- ----------- -----------
Preferred Dividends
Available to Common Shares $ 1,265,000 $ 8,448,000 $ 9,353,000 $16,613,000
=========== =========== =========== ===========
Earnings Per Common Share: $0.08 $0.56 $0.61 $1.11
=========== =========== =========== ===========
FULLY DILUTED:
- --------------
Average Number of Common Shares 15,146,697 14,944,417 15,146,446 14,946,079
Average Number of Common Share
Equivalents 75,957 91,653 82,800 86,693
----------- ----------- ----------- -----------
Average Shares and Share
Equivalents Outstanding 15,222,654 15,036,070 15,229,246 15,032,772
=========== =========== =========== ===========
Net Income $ 1,265,000 $ 8,448,000 $ 9,353,000 $16,613,000
----------- ----------- ----------- -----------
Preferred Dividends
Available to Common Shares $ 1,265,000 $ 8,448,000 $ 9,353,000 $16,613,000
=========== =========== =========== ===========
Earnings Per Common Share $0.08 $0.56 $0.61 $1.11
=========== =========== =========== ===========