---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-195366"
form_type: "8-K"
ticker: "UBSI"
cik: "0000729986"
company_name: "UNITED BANKSHARES INC/WV"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:22:46.170168+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# United Bankshares Q2 EPS $0.68, down from $0.73 Q1 and $0.71 YoY

## Summary
- Net income $92.5M; diluted EPS $0.68 vs $0.73 in Q1 2023 and $0.71 in Q2 2022.
- Net interest margin 3.51% vs 3.63% Q1; provision for credit losses $11.4M vs $6.9M Q1.
- Sold MSRs on $2.0B UPB for $8.1M gain; sold $187M AFS securities at $7.2M loss.
- Non-performing loans 0.20% of loans vs 0.29% at Dec 2022; allowance 1.21% vs 1.14%.
- No share repurchases in H1 2023; capital ratios well above well-capitalized minimums.

## SEC filing metadata
- accession: 0001193125-23-195366
- form_type: 8-K
- ticker: UBSI
- cik: 0000729986
- company_name: UNITED BANKSHARES INC/WV
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/729986/000119312523195366/0001193125-23-195366-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/729986/000119312523195366/d474390d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-195366
- JSON: https://secwatch.observer/filing/0001193125-23-195366.json
- Plain text: https://secwatch.observer/filing/0001193125-23-195366.txt

## Key facts
- Earnings Releases
  UNITED BANKSHARES INC/WV reported the second quarter of 2023 results: net income $92.5 million, EPS $0.68 per diluted share.
  - Period: the second quarter of 2023
  - Net income: $92.5 million
  - EPS: $0.68 per diluted share
  - Result: reported results
  source text: United Bankshares, Inc. (NASDAQ: UBSI) ("United"), today reported earnings for the second quarter of 2023 of $92.5 million, or $0.68 per diluted share, as compared to earnings of $98.3 million, or $0.73 per diluted share, for the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/729986/000119312523195366/0001193125-23-195366-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.