secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANKSHARES INC/WV (UBSI)
CIK:        0000729986
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0001193125-22-118934
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Bankshares Q1 2022 EPS $0.60, up 7% from Q4; loan growth 11% annualized
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- Net income $81.7M ($0.60 diluted EPS) vs $73.9M ($0.56) in Q4 2021.
- Net interest income $191.5M, flat YoY; net interest margin 2.99% (+5 bps linked quarter).
- Annualized loan growth 11% ex-PPP; provision benefit of $3.4M vs expense of $0.1M a year ago.
- Noninterest income fell 50% YoY to $46.0M on lower mortgage banking revenue.
- Repurchased 711k shares at avg $35.15; all capital ratios well above well-capitalized thresholds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729986/000119312522118934/0001193125-22-118934-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729986/000119312522118934/d622297d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-118934

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