United Bankshares Q4 Net Income Declines

From RTTNews:

United Bankshares, Inc. (UBSI) reported a fourth quarter earnings of $79.4 million, or $0.59 per share, a decrease from $99.8 million, or $0.74 per share, from the previous year. Analysts expected profit per share of $0.65, while net interest income declined to $229.69 million from $249.40 million the previous year. Noninterest income was $33.67 million compared to $30.88 million last year.
The company also reported a decrease in revenue, with analysts estimating $259.09 million in revenue. For more earnings news and the earnings calendar, visit rttnews.com or contact [email protected] for feedback.



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