United Bankshares Q3 EPS $0.76 beats Q2 $0.71; NIM 3.78%, loan growth 16% annualized

UNITED BANKSHARES INC/WV

2022-Q3 EPS reported $2.06

Net income $102.6M, diluted EPS $0.76; up from $95.6M ($0.71) in Q2 2022 and $92.2M ($0.71) in Q3 2021.
Net interest margin of 3.78% expands 40 bps QoQ; net interest income +12% QoQ to $239.5M.
Annualized loan growth (ex-PPP) 16% in Q3 and 15% YTD; non-performing loans at low 0.35% of total loans.
Mortgage banking income down $35.6M YoY; company recorded $5.0M litigation accrual for former commercial customer.
Capital well above well-capitalized thresholds: risk-based capital 14.4%, CET1 12.4%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNITED BANKSHARES INC/WV reported the third quarter and first nine months of 2022 results: net income $102.6 million, EPS $0.76 per diluted share.

Period: the third quarter and first nine months of 2022
Net income: $102.6 million
EPS: $0.76 per diluted share
Result: reported results

Exact text from the filing

On October 27, 2022 United Bankshares, Inc. (“United”) announced its financial results for the third quarter and first nine months of 2022.

View on SEC.gov

Browse all earnings releases →

UNITED BANKSHARES INC/WV filing history →

Source: SEC EDGAR

accession 0001193125-22-270382

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.