United Bankshares Inc reports results for the quarter ended in March - Earnings Summary

• United Bankshares Inc UBSI reported quarterly adjusted earnings of 64 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 73 cents. The mean expectation of six analysts for the quarter was for earnings of 65 cents per share. Wall Street expected results to range from 64 cents to 66 cents per share.

• Revenue fell 4.6% to $254.70 million from a year ago; analysts expected $257.63 million.

• United Bankshares Inc's reported EPS for the quarter was 64 cents​.

• The company reported quarterly net income of $86.81 million.

• United Bankshares Inc shares had fallen by 2.9% this quarter and lost 7.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for United Bankshares Inc is $38.00

This summary was machine generated from LSEG data April 25 at 03:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)