United Bankshares Q4 EPS $0.69, full-year $2.75; closes $2.4B asset acquisition of Piedmont

UNITED BANKSHARES INC/WV

2024-FY EPS reported $2.75

Q4 2024 net income $94.4M ($0.69 diluted EPS) vs $0.59 in Q4 2023; full-year $373.0M ($2.75) vs $366.3M ($2.71).
Net interest margin 3.49% (down 3 bps QoQ, 6 bps YoY); net interest income $232.6M, up 1% YoY.
Non-performing loans $73.4M (0.34% of loans) vs $45.5M (0.21%) a year ago; net charge-offs 0.10% annualized.
Completed acquisition of Piedmont Bancorp (Atlanta) on Jan 10, 2025 with $2.4B assets, $2.1B loans, $2.1B deposits.
Capital well above well-capitalized levels; no share repurchases in 2024.

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