secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANKSHARES INC/WV (UBSI)
CIK:        0000729986
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001193125-22-204190
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Bankshares Q2 net income $95.6M ($0.71 EPS), NIM expands 39 bps, loan growth 15%
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- Q2 2022 net income $95.6M ($0.71 diluted EPS), up from $81.7M ($0.60) in Q1 2022.
- Net interest margin expanded 39 bps to 3.38% QoQ, driven by rising interest rates and asset mix.
- Annualized loan growth ex-PPP of 15%; non-performing loans low at 0.37% of loans.
- Repurchased ~1.5M shares in Q2 at avg $34.47; risk-based capital ratio 14.8%.
- Mortgage banking income fell $24.5M YoY; BOLI death benefits partially offset.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729986/000119312522204190/0001193125-22-204190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729986/000119312522204190/d347449d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-204190

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