Exhibit 11
Statement Re: Computation of Earnings Per Share
UNITED BANKSHARES, INC. AND SUBSIDIARIES
Earnings Per Share
For the Year Ended December 31
1996 1995 1994
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PRIMARY:
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Average Number of Common Shares 15,140,630 14,983,154 15,046,503
Average Number of Common Share Equivalents 77,207 84,132 85,263
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Average Shares and Share Equivalents Outstanding 15,217,837 15,067,286 15,131,766
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Net Income $30,512,000 $32,817,000 $30,384,000
Preferred Dividends
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Available to Common Shares $30,512,000 $32,817,000 $30,384,000
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Earnings Per Common Share: $2.00 $2.18 $2.01
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FULLY DILUTED:
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Average Number of Common Shares 15,140,630 14,983,154 15,046,503
Average Number of Common Share Equivalents 112,726 97,916 85,263
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Average Shares and Share Equivalents Outstanding 15,253,356 15,081,070 15,131,766
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Net Income $30,512,000 $32,817,000 $30,384,000
Preferred Dividends
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Available to Common Shares $30,512,000 $32,817,000 $30,384,000
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Earnings Per Common Share: $2.00 $2.18 $2.01
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