United Bankshares, Inc. Announces Earnings for the First Quarter of 2020
United Bankshares, Inc. (UBSI)
Last united bankshares, inc. earnings: 4/30 07:50 am
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US:NASDAQ Investor Relations:
irsolutions.snl.com/corporateprofile.aspx?iid=100469
Company Research
Source: Business Wire
WASHINGTON & CHARLESTON, W. Va.--(BUSINESS WIRE)--United Bankshares, Inc. (NASDAQ: UBSI) (“United”), today announced its earnings for the first quarter of 2020 and that it has exceeded $20 billion in total assets. Earnings for the first quarter of 2020 were $40.2 million as compared to earnings of $63.6 million for the first quarter of 2019. The lower amount of net income was driven primarily by a higher provision for loan losses resulting from an adverse future macroeconomic forecast as a result of the coronavirus (“COVID-19”) pandemic under the new Current Expected Credit Loss (“CECL”) accounting standard. This was an industry-wide issue that affected bank earnings nationwide. Diluted earnings per share were $0.40 for the first quarter of 2020 and $0.62 for the first quarter of 2019.“Let me first extend our deepest sympathy to those families who have lost loved ones, and our greatest appreciation to those individuals working on the front lines during this coronavirus pandemic,”
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UBSI
News
- United Bankshares (NASDAQ:UBSI) Will Pay A Larger Dividend Than Last Year At $0.38 [Yahoo! Finance]Yahoo! Finance
- United Bankshares announces plan to repurchase up to 5M shares of common stock [Seeking Alpha]Seeking Alpha
- United Bankshares (NASDAQ:UBSI) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
- 52nd Consecutive Year of Dividend Increases for United Bankshares, Inc. [Yahoo! Finance]Yahoo! Finance
- 52nd Consecutive Year of Dividend Increases for United Bankshares, Inc.Business Wire
UBSI
Earnings
- 10/23/25 - Beat
UBSI
Sec Filings
- 11/24/25 - Form 4
- 11/21/25 - Form 8-K
- 11/7/25 - Form 10-Q
- UBSI's page on the SEC website