secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANKSHARES INC/WV (UBSI)
CIK:        0000729986
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001193125-23-195366
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729986/000119312523195366/0001193125-23-195366-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729986/000119312523195366/d474390d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-195366

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer