Quarterly ResultJul 23, 2026, 08:02 AM
United Bankshares Reports Record Q2 Earnings of $131.4M, EPS $0.95
AI Summary
United Bankshares, Inc. announced record earnings for the second quarter of 2026, with net income reaching $131.4 million and diluted earnings per share of $0.95. This represents an 8.8% increase in net income and an 11.8% increase in diluted EPS compared to the second quarter of 2025. The company also reported growth in net interest income and noninterest income, alongside a decrease in the provision for credit losses, and continued capital return through share repurchases.
Key Highlights
- Net income for Q2 2026 reached a record $131.4 million, up 8.8% from Q2 2025.
- Diluted earnings per share for Q2 2026 were $0.95, an 11.8% increase year-over-year.
- Net interest income for Q2 2026 increased by 3.9% to $285.3 million compared to Q2 2025.
- Noninterest income rose 22.4% to $38.5 million in Q2 2026, driven by investment gains.
- Provision for credit losses decreased to $5.0 million in Q2 2026 from $5.9 million in Q2 2025.
- The company repurchased 1.5 million shares of common stock in Q2 2026 at an average price of $43.93.
- Annualized return on average assets was 1.56%, and on average tangible common equity was 15.15%.
Price Impact
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