Quarterly ResultMay 8, 2026, 10:52 AM
United Bankshares Q1 Net Income $124.2M; EPS $0.89
AI Summary
United Bankshares reported a strong first quarter for 2026, with net income significantly increasing to $124.2 million, or $0.89 diluted earnings per share, compared to $84.3 million, or $0.59 diluted earnings per share, in the first quarter of 2025. This performance was driven by a rise in net interest income and a substantial reduction in the provision for credit losses. The company also saw a modest increase in total assets and deposits, while shareholders' equity slightly decreased due to treasury stock repurchases and dividends.
Key Highlights
- Net income for Q1 2026 was $124.2 million, a significant increase from $84.3 million in Q1 2025.
- Diluted earnings per common share rose to $0.89 in Q1 2026 from $0.59 in Q1 2025.
- Net interest income increased to $282.5 million in Q1 2026 from $260.1 million in Q1 2025.
- Provision for credit losses decreased substantially to $7.8 million in Q1 2026 from $29.1 million in Q1 2025.
- Total assets stood at $33.71 billion as of March 31, 2026, a slight increase from December 31, 2025.
- Total deposits increased to $27.12 billion as of March 31, 2026, from $27.06 billion at year-end 2025.
- Cash dividends of $0.38 per share were paid in Q1 2026, totaling $53.4 million.
- Treasury stock purchases amounted to $70.3 million in Q1 2026.
Price Impact
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