United Bankshares Inc (W Va)

Latest Results (15.05.2026):

United Bankshares Inc (W Va) reported results for the first quarter of 2026: net income of $124.2 million, or $0.89 per diluted share, with annualized returns on average assets, average shareholders’ equity and average tangible common equity of 1.49%, 9.08% and 14.40%, respectively. Results reflected year‑over‑year net interest income growth, stable expense control, modest credit provisioning and continued capital strength following the company’s prior acquisition activity.

Earnings and EPS (Q1 2026)

Net income: $124.2 million; diluted EPS: $0.89. Quarterly comparison: down from $128.8M / $0.91 in Q4 2025. Year‑over‑year: up from $84.3M / $0.59 in Q1 2025 (Q1 2025 included merger‑related expenses and PCD loan provisions).

Net Interest Income & Margin

Net interest income: $282.5 million (tax‑equivalent $283.3M). NII decreased ~2% QoQ but increased ~9% YoY. Net interest margin was 3.80% (3.83% in Q4 2025; 3.69% in Q1 2025). Interest rate spread was 3.06%, up 2 basis points QoQ driven largely by a lower average cost of funds.

Provision for Credit Losses & Credit Quality

Provision for credit losses: $7.8 million (vs $6.8M in Q4 2025 and $29.1M in Q1 2025, the latter including $18.7M related to Piedmont non‑PCD loans). Net charge‑offs were $5.7M. Allowance for loan & lease losses: $299.6M (1.20% of loans). Nonperforming loans: $102.8M (0.41% of loans); total NPAs: $113.2M (0.34% of assets).

Noninterest Income & Expense

Noninterest income: $34.1 million, up 10% QoQ and 15% YoY (notably gains on equity securities and higher brokerage fees). Noninterest expense: $152.8 million, essentially flat QoQ and modestly lower YoY after prior‑period merger costs; increases in employee benefits and FDIC expense were offset by lower data processing and other reductions.

Capital, Liquidity & Share Actions

Estimated risk‑based capital ratio: 15.5%; CET1 and Tier 1: 13.3%; leverage: 11.2% — all well above regulatory “well‑capitalized” thresholds. Total assets ~ $33.7 billion; total deposits ~$27.12 billion at March 31, 2026. During Q1 2026 United repurchased ~1.7 million common shares at an average price of $39.92.

Other operational metrics

Loans & leases (net): $24.863 billion. Tangible book value per share: $24.84; GAAP book value per share: $39.65. Quarterly dividend: $0.38 per share. Efficiency ratio: 48.27% for Q1 2026.