United Bankshares: Q1 Earnings Snapshot
By AP News
Published - Apr 25, 2024, 08:01 AM ET
Last Updated - May 27, 2024, 01:07 AM EDT
CHARLESTON, W.Va. (AP) — CHARLESTON, W.Va. (AP) — United Bankshares Inc. (UBSI) on Thursday reported first-quarter earnings of $86.8 million.
The bank, based in Charleston, West Virginia, said it had earnings of 64 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The holding company for United Bank posted revenue of $401.4 million in the period. Its revenue net of interest expense was $255.6 million, which also missed Street forecasts.
