secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANKSHARES INC/WV (UBSI)
CIK:        0000729986
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001193125-24-016144
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Bankshares Q4 2023 EPS $0.59 vs $0.74 YoY; net income $79.4M
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- Net interest income decreased 8% YoY; net interest margin 3.55% vs 3.87%.
- Average loans grew $903.6M (4%) from Q4 2022; deposit rate repricing pressured NIM.
- Noninterest expense rose 11% YoY, including $12.0M FDIC special assessment.
- Non-performing loans were 0.21% of loans at Dec 31, 2023, down from 0.29%.
- Estimated risk-based capital ratio 15.4%; well-capitalized status maintained.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729986/000119312524016144/0001193125-24-016144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729986/000119312524016144/d720965d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-016144

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