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Stock impact report

United Bankshares, Inc. Announces Earnings for the Fourth Quarter and Year of 2017

United Bankshares, Inc. (UBSI) 
Last united bankshares, inc. earnings: 4/30 07:50 am Check Earnings Report
Company Research Source: Business Wire
WASHINGTON & CHARLESTON, W. Va.--(BUSINESS WIRE)-- United Bankshares, Inc. (NASDAQ: UBSI), today reported earnings for the fourth quarter and year of 2017. Earnings for the fourth quarter of 2017 were $18.0 million or $0.17 per diluted share as compared to earnings of $39.1 million or $0.51 per diluted share for the fourth quarter of 2016. The results for the fourth quarter of 2017 included additional income tax expense of $37.7 million or $0.36 per diluted share related to the estimated impact of the enactment of the Tax Cuts and Jobs Act (the Tax Act). Earnings for the year of 2017 were $150.6 million or $1.54 per diluted share as compared to earnings of $147.1 million or $1.99 per diluted share for the year of 2016. The results for the year of 2017 were impacted by $0.39 per diluted share for the additional income tax expense of $37.7 million related to the Tax Act. “The year of 2017 was another succe Show less Read more
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