United Bankshares Q3 Profit Tops Estimates

(RTTNews) - United Bankshares, Inc. (UBSI) reported third-quarter earnings per share of $0.65 compared to $0.62, a year ago. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.63, for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the third quarter of 2019 was $141.9 million, a decline of 5 percent from the third quarter of 2018. Tax-equivalent net interest income was $142.8 million, a decrease of 5 percent from the third quarter of 2018. Noninterest income was $42.2 million, an increase of 33 percent from the third quarter of 2018. Analysts expected revenue of $181.8 million for the quarter.