United Bankshares Earnings Reports

United Bankshares, Inc. reported net income of $84.3 million, or $0.59 per diluted share, for the first quarter of 2025. The quarter was significantly impacted by the acquisition of Piedmont Bancorp, Inc., which led to increased average balances, income, and expenses, including merger-related noninterest expenses and provision for credit losses. Despite these acquisition-related impacts, the company achieved record net interest income and expanded its net interest margin.

United Bankshares, Inc. reported strong earnings for the fourth quarter of 2024, with net income of $94.4 million, or $0.69 per diluted share. The results reflect solid performance in net interest income and a decrease in noninterest expense. The company also completed its acquisition of Piedmont Bancorp, Inc. during the quarter.

United Bankshares reported earnings of $95.3 million, or $0.70 per diluted share, for the third quarter of 2024. The company's profitability metrics remained strong, growth trends continued upward, and expenses were well-controlled. Asset quality, liquidity, and capital levels also remain a source of strength.

United Bankshares, Inc. reported earnings of $96.5 million, or $0.71 per diluted share, for the second quarter of 2024. The company saw increases in profitability, capital, loans, and deposits, as well as decreases in expenses and non-performing assets. The company also announced a merger agreement with Piedmont Bancorp, Inc., expected to close late in the fourth quarter of 2024 or early in the first quarter of 2025.

United Bankshares, Inc. reported earnings for Q1 2024 of $86.8 million, or $0.64 per diluted share. While net interest income decreased by 5% compared to Q1 2023, the company's operating metrics remain strong.

United Bankshares, Inc. reported Q4 2023 earnings of $79.4 million, or $0.59 per diluted share. The quarter included a $12.0 million noninterest expense for the FDIC's special assessment. The company saw loan and deposit growth, margin expansion, and strong asset quality metrics and capital levels.

United Bankshares, Inc. reported Q3 2023 earnings of $96.2 million, or $0.71 per diluted share. This compares to $92.5 million, or $0.68 per diluted share, for the second quarter of 2023, and $102.6 million, or $0.76 per diluted share, for the third quarter of 2022. The results reflect accelerated growth and profitability, while maintaining strong capital, liquidity, and asset quality positions.

United Bankshares, Inc. reported strong performance in Q2 2023 with earnings of $92.5 million, or $0.68 per diluted share. The results reflect strong profitability, asset quality, and balance sheet strength.

United Bankshares, Inc. reported strong financial performance for Q1 2023, with earnings of $98.3 million, or $0.73 per diluted share. The company highlighted a Return on Average Assets of 1.35%, a net interest margin of 3.63%, and an efficiency ratio of 51.46%.

United Bankshares, Inc. reported earnings of $99.8 million, or $0.74 per diluted share, for the fourth quarter of 2022. The results were driven by record net interest income of $249.4 million and strong loan growth.