secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANKSHARES INC/WV (UBSI)
CIK:        0000729986
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001193125-22-270382
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729986/000119312522270382/0001193125-22-270382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729986/000119312522270382/d363136d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-270382

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