earnings
confidence high
sentiment neutral
materiality 0.75
United Bankshares Q1 EPS $0.59; record NII $260.1M, Piedmont deal closed
UNITED BANKSHARES INC/WV
2025-Q1 EPS reported
$0.59
- Net income $84.3M ($0.59 diluted EPS) vs. $86.8M ($0.64) Q1 2024; revenue up on Piedmont acquisition.
- Record net interest income $260.1M (+12% linked qtr); NIM expanded 20bp to 3.69%.
- Merger-related charges $30.0M (noninterest expense + provision) from Piedmont acquisition.
- Repurchased 567k shares at avg $34.93; capital ratios well above well-capitalized thresholds.
- Nonperforming loans 0.29% of loans; allowance for loan losses 1.30%.