secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANKSHARES INC/WV (UBSI)
CIK:        0000729986
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001193125-23-262294
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729986/000119312523262294/0001193125-23-262294-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729986/000119312523262294/d524571d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-262294

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