United Bankshares: 2Q Earnings Snapshot
CHARLESTON, W.Va. (AP) _ United Bankshares Inc. (UBSI) on Thursday reported second-quarter earnings of $67.2 million.
The bank, based in Charleston, West Virginia, said it had earnings of 66 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.
The holding company for United Bank posted revenue of $239 million in the period. Its revenue net of interest expense was $190.3 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $183.3 million.
United Bankshares shares have risen 22% since the beginning of the year. The stock has climbed 2.5% in the last 12 months.