UBSI Q3 2023 EPS $0.71, up from $0.68 QoQ but down from $0.76 YoY

UNITED BANKSHARES INC/WV

2023-Q3 EPS reported $2.12

Net income of $96.2M ($0.71 diluted EPS) vs $92.5M ($0.68) in Q2 2023 and $102.6M ($0.76) in Q3 2022.
Net interest margin expanded to 3.54% from 3.51% QoQ; net interest income up $992K.
Provision for credit losses dropped to $5.9M from $11.4M QoQ on lower qualitative adjustments.
Non-performing loans were 0.20% of total loans; capital ratios well above well-capitalized thresholds.
No share repurchases in first nine months of 2023; asset quality remains sound.

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 third quarter of 2023 results: net income $96.2 million, EPS $0.71 per diluted share.

Period: third quarter of 2023
Net income: $96.2 million
EPS: $0.71 per diluted share
Result: reported results

Exact text from the filing

United Bankshares, Inc. Announces Earnings for the Third Quarter and First Nine Months of 2023

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UNITED BANKSHARES INC/WV filing history →

Source: SEC EDGAR

accession 0001193125-23-262294

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