LOGO
LOGO

Quick Facts

United Bankshares Q4 Profit Increases, Tops Estimates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

United Bankshares, Inc. (UBSI) reported on Friday that net income for the fourth quarter increased to $94.41 million or $0.69 per share from $79.39 million or $0.59 per share in the prior-year quarter.

The provision for credit losses was $6.7 million, compared to $6.9 million in the year-ago quarter.

Net interest income for the quarter increased 1 percent from the year-ago quarter to $232.61 million, and noninterest income also declined 8 percent from last year to $29.32 million from last year.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share on revenues of $262.81 million for the quarter. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

RELATED NEWS
Latest Updates on COVID-19