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United Bankshares: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

CHARLESTON, W.Va. (AP) — CHARLESTON, W.Va. (AP) — United Bankshares Inc. (UBSI) on Thursday reported second-quarter earnings of $96.5 million.

The bank, based in Charleston, West Virginia, said it had earnings of 71 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

The holding company for United Bank posted revenue of $404.4 million in the period. Its revenue net of interest expense was $256.8 million, which also beat Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UBSI at https://www.zacks.com/ap/UBSI