Quarterly ResultAug 7, 2026, 11:19 AM
UNITED BANKSHARES Q2 Net Income $131.4M, EPS $0.95
AI Summary
UNITED BANKSHARES INC/WV reported a strong second quarter for 2026, with net income increasing 8.8% to $131.377 million and basic earnings per share rising 11.8% to $0.95. The company also saw a 3.9% increase in net interest income and a significant 22.4% jump in total other income. Total assets and deposits showed modest growth, reaching $33.75 billion and $27.17 billion respectively, as of June 30, 2026.
Key Highlights
- Net income for Q2 2026 increased 8.8% to $131.377 million from $120.721 million in Q2 2025.
- Basic earnings per share rose 11.8% to $0.95 in Q2 2026, up from $0.85 in Q2 2025.
- Net interest income for Q2 2026 was $285.312 million, a 3.9% increase from $274.537 million in Q2 2025.
- Total other income grew 22.4% to $38.506 million in Q2 2026 compared to $31.460 million in Q2 2025.
- Total assets reached $33.75 billion as of June 30, 2026, a slight increase from $33.66 billion at year-end 2025.
- Total deposits were $27.17 billion as of June 30, 2026, up from $27.06 billion at December 31, 2025.
- Provision for credit losses decreased to $4.961 million in Q2 2026 from $5.889 million in Q2 2025.
- The company purchased $136.254 million in treasury stock and paid $106.685 million in cash dividends for the six months ended June 30, 2026.
Price Impact
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