Exhibit 11
Statement Re: Computation of Earnings Per Share
UNITED BANKSHARES, INC. AND SUBSIDIARIES
For the Quarter Ended For the Nine Months Ended
September 30 September 30
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1995 1994 1995 1994
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PRIMARY:
Average Number of Common Shares 11,815,786 11,921,187 11,810,819 11,930,811
Average Number of Common Share Equivalents 117,086 77,074 99,046 80,851
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Average Shares and Share Equivalents Outstanding 11,932,872 11,998,261 11,909,865 12,011,662
========== ========== =========== ===========
Net Income $7,187,000 $6,442,000 $21,126,000 $18,746,000
Preferred Dividends ---------- ---------- ----------- -----------
Available to Common Shares $7,187,000 $6,442,000 $21,126,000 $18,746,000
========== ========== =========== ===========
Earnings Per Common Share: $0.60 $0.54 $1.77 $1.57
========== ========== =========== ===========
FULLY DILUTED:
Average Number of Common Shares 11,815,786 11,921,187 11,810,819 11,930,811
Average Number of Common Share Equivalents 123,156 77,074 123,156 80,851
---------- ---------- ----------- -----------
Average Shares and Share Equivalents Outstanding 11,938,942 11,998,261 11,933,975 12,011,662
========== ========== =========== ===========
Net Income $7,187,000 $6,442,000 $21,126,000 $18,746,000
Preferred Dividends ---------- ---------- ----------- -----------
Available to Common Shares $7,187,000 $6,442,000 $21,126,000 $18,746,000
========== ========== =========== ===========
Earnings Per Common Share $0.60 $0.54 $1.77 $1.57
========== ========== =========== ===========
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