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Dec 31, 2024
United Bankshares Q4 2024 Earnings Report
Reported earnings for Q4 2024, demonstrating strong financial performance.
Key Takeaways
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.
Earnings for the fourth quarter of 2024 were $94.4 million, or $0.69 per diluted share.
Net interest income for the fourth quarter of 2024 was $232.6 million, an increase of $2.9 million from the fourth quarter of 2023.
Noninterest expense for the fourth quarter of 2024 decreased $18.1 million from the fourth quarter of 2023.
Completed acquisition of Piedmont Bancorp, Inc. on January 10, 2025.
United Bankshares
United Bankshares
Forward Guidance
As we turn our sights towards 2025, we are excited about the opportunities we see in front of us.