Exhibit 11
Statement Re: Computation of Earnings Per Share
UNITED BANKSHARES, INC. AND SUBSIDIARIES
For the Quarter Ended
March 31
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1997 1996
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PRIMARY:
Average Number of Common Shares 15,035,454 15,146,252
Average Number of Common Share
Equivalents 127,236 71,524
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Average Shares and Share
Equivalents Outstanding 15,162,690 15,217,776
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Net Income $10,048,000 $ 8,089,000
Preferred Dividends
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Available to Common Shares $10,048,000 $ 8,089,000
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Earnings Per Common Share: $0.66 $0.53
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FULLY DILUTED:
Average Number of Common Shares 15,035,454 15,146,252
Average Number of Common Share
Equivalents 138,151 71,524
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Average Shares and Share
Equivalents Outstanding 15,173,605 15,217,776
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Net Income $10,048,000 $ 8,089,000
Preferred Dividends
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Available to Common Shares $10,048,000 $ 8,089,000
=========== ===========
Earnings Per Common Share $0.66 $0.53
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