United Bankshares Q1 2024 Earnings Report

United Bankshares EPS Results

• Actual EPS: $0.64
• Consensus EPS: $0.65
• Beat/Miss: Missed by -$0.01
• One Year Ago EPS: $0.74

United Bankshares Revenue Results

• Actual Revenue: $401.39 million
• Expected Revenue: $256.80 million
• Beat/Miss: Beat by +$144.59 million
• YoY Revenue Growth: N/A

United Bankshares Announcement Details

• Quarter: Q1 2024
• Date: 4/25/2024
• Time: Q1 2024 Earnings Release
• Conference Call Date: Thursday, April 25, 2024
• Conference Call Time: 7:00AM ET

United Bankshares (NASDAQ:UBSI), through its subsidiaries, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts. Its loan products include commercial loans and leases to small to mid-size industrial and commercial companies; construction and real estate loans, such as commercial and residential mortgages, and loans secured by owner-occupied real estate; personal, student, credit card receivables, personal, commercial, and floor plan loans; and home equity loans. In addition, the company provides credit cards; safe deposit boxes, wire transfers, and other banking products and services; investment and security services; services to correspondent banks, including buying and selling federal funds; automated teller machine services; and internet and telephone banking services. Further, it offers community banking services, such as asset management, real property title insurance, financial planning, mortgage banking, and brokerage services, as well as investment management and retirement planning services. United Bankshares, Inc. was incorporated in 1982 and is headquartered in Charleston, West Virginia.