United Bankshares: Q4 Earnings Snapshot
CHARLESTON, W.Va. (AP) — CHARLESTON, W.Va. (AP) — United Bankshares Inc. (UBSI) on Friday reported fourth-quarter net income of $94.4 million.
The bank, based in Charleston, West Virginia, said it had earnings of 69 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The holding company for United Bank posted revenue of $405.4 million in the period. Its revenue net of interest expense was $262.7 million, also exceeding Street forecasts.
For the year, the company reported profit of $373 million, or $2.75 per share. Revenue was reported as $1.04 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UBSI at https://www.zacks.com/ap/UBSI