United Bankshares, Inc. Announces Earnings for the Fourth Quarter and Year of 2023
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 reported earnings for the fourth quarter of 2023 of $79.4 million, or $0.59 per diluted share. Fourth quarter of 2023 results produced annualized returns on average assets, average equity and average tangible equity, a non-GAAP measure, of 1.08%, 6.70% and 11.27%, respectively. Earnings for the year of 2023 were $366.3 million, or $2.71 per diluted share, and returns on average assets, average equity and average tangible equity were 1.25%, 7.87% and 13.33%, respectively, for the year of 2023.The fourth quarter of 2023 included approximately $12.0 million of noninterest expense for the Federal Deposit Insurance Corporation’s (“FDIC”) special assessment levied on banking organizations to recover losses to the Deposit Insurance Fund.“We closed the year with another excellent quarter,” stated Richard M. Adams, Jr., United’s Chief Executive Officer. “We saw loan growth, deposit grow
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UBSI
News
- United Bankshares, Inc. (NASDAQ: UBSI) had its price target lowered by analysts at Stephens from $36.00 to $34.00. They now have an "equal weight" rating on the stock.MarketBeat
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- United Bankshares, Inc. Announces Earnings for the First Quarter of 2024Business Wire
UBSI
Earnings
- 4/25/24 - Miss
UBSI
Analyst Actions
- 4/26/24 - Stephens & Co.
UBSI
Sec Filings
- 4/25/24 - Form 8-K
- 4/5/24 - Form 4
- 4/2/24 - Form ARS
- UBSI's page on the SEC website