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Stock impact report

United Bankshares, Inc. Announces Record Earnings

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) (“United”), today announced record earnings for the first quarter of 2018. Earnings for the first quarter of 2018 were a record $61.7 million as compared to earnings of $38.8 million for the first quarter of 2017. Diluted earnings per share were $0.59 for the first quarter of 2018 as compared to diluted earnings per share of $0.48 for the first quarter of 2017. United’s first quarter of 2018 results produced an annualized return on average assets of 1.35% and an annualized return on average equity of 7.65%. United’s annualized returns on average assets and average equity were 1.09% and 6.98%, respectively, for the first quarter of 2017. “United’s earnings continue to be strong as we achieved record net income of $61.7 million for the first quarter of 2018,” stated Richard M. Adams, United’s Chairman and Chief Show less Read more
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