United Bankshares Inc. Profit Declines In Q3, But Beats Estimates

United Bankshares Inc. (UBSI) announced earnings for third quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $95.27 million, or $0.70 per share. This compares with $96.16 million, or $0.71 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

United Bankshares Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $95.27 Mln. vs. $96.16 Mln. last year.
-EPS (Q3): $0.70 vs. $0.71 last year.

by RTTNews Staff Writer

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