Markets

United Bankshares Q3 Profit Tops Estimates

(RTTNews) - United Bankshares, Inc. (UBSI) reported third-quarter earnings per share of $0.65 compared to $0.62, a year ago. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.63, for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the third quarter of 2019 was $141.9 million, a decline of 5 percent from the third quarter of 2018. Tax-equivalent net interest income was $142.8 million, a decrease of 5 percent from the third quarter of 2018. Noninterest income was $42.2 million, an increase of 33 percent from the third quarter of 2018. Analysts expected revenue of $181.8 million for the quarter.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

UBSI

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More