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Mar 31, 2023
United Bankshares Q1 2023 Earnings Report
Reported earnings for the first quarter of 2023.
Key Takeaways
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%.
Earnings for Q1 2023 were $98.3 million, or $0.73 per diluted share.
Return on Average Assets was 1.35%.
Net interest margin was 3.63%.
Efficiency ratio was 51.46%.
United Bankshares
United Bankshares
United Bankshares Revenue by Segment
Revenue by Segment
Mortgage Banking Income Revenue
CapyFin.com Forward Guidance
This report contains various statements regarding current expectations or forecasts of future events, which speak only as of the date the statements are made. These statements are based on assumptions and estimates, which although believed to be reasonable, may turn out to be incorrect.
Challenges Ahead
- The uncertainty as to the extent of the duration, scope and impacts of the COVID-19 pandemic on United
- Uncertainty in U.S. fiscal and monetary policies, including the interest rate policies of the Federal Reserve Board
- Volatility and disruptions in global capital and credit markets, interest rate, securities market and monetary supply fluctuations
- Increasing rates of inflation and slower growth rates
- Reform of LIBOR