secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANKSHARES INC/WV (UBSI)
CIK:        0000729986
Form:       8-K
Filed at:   2021-07-23T23:59:59+00:00
Accession:  0001193125-21-222398
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Bankshares Q2 2021 EPS $0.73 vs $0.44 YoY; announces Community Bankers Trust acquisition
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- Q2 2021 net income $94.8M, diluted EPS $0.73 vs $52.7M, $0.44 in Q2 2020; H1 net income $201.7M, $1.56 vs $92.9M, $0.84.
- Net interest income $186.5M, up 9% YoY; provision for credit losses net benefit $8.9M vs $45.9M expense in Q2 2020.
- Noninterest income $62.8M, down 29% on mortgage banking mark-to-market; noninterest expense $139.0M, down 7%.
- Nonperforming loans improved to 0.61% of loans from 0.75% at year-end; risk-based capital ratio 15.9%, well-capitalized.
- Announced acquisition of Community Bankers Trust; expected close Q4 2021 subject to regulatory and shareholder approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729986/000119312521222398/0001193125-21-222398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729986/000119312521222398/d38497d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-222398

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