secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANKSHARES INC/WV (UBSI)
CIK:        0000729986
Form:       8-K
Filed at:   2021-10-26T23:59:59+00:00
Accession:  0001193125-21-307257
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729986/000119312521307257/0001193125-21-307257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729986/000119312521307257/d246397d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-307257

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