United Bankshares Q3 2021 EPS $0.71; announces agreement to acquire Community Bankers Trust

UNITED BANKSHARES INC/WV

2021-Q3 EPS reported $2.27

Q3 2021 net income $92.2M ($0.71 diluted EPS) vs $103.8M ($0.80) in Q3 2020; 9M EPS $2.27 vs $1.68.
Net interest margin 2.98% (down 20 bps YoY); loan accretion decreased $3.5M to $8.2M.
Provision for credit losses was a net benefit of $7.8M vs expense of $16.8M in prior year.
Nonperforming assets fell 31% from Dec 2020 to $107M (0.39% of total assets).
Merger with Community Bankers Trust expected Q4 2021; all regulatory approvals received.

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