United Bankshares' Q2 net income rises

United Bankshares

23/07/2026 13:00

    

    Overview
  
US regional bank reported record Q2 net income, up from prior year and prior quarter
Net interest income for Q2 rose 4% yr/yr, driven by higher loans and lower deposit costs
Company repurchased 1.5 mln shares in Q2 under previously announced buyback plan

    

    Outlook
  
United Bankshares did not provide specific financial guidance for upcoming quarters or the full year in press release

    

    Result Drivers
  
NET INTEREST INCOME - Growth in average net loans and a lower rate paid on interest-bearing deposits drove higher net interest income yr/yr
NONINTEREST INCOME - Higher noninterest income was driven by gains on investment securities, including the sale of an unaffiliated company and a VISA share exchange
EXPENSES - Noninterest expense rose due to higher employee compensation and benefits, mainly from salary increases, incentives, and postretirement costs

    
Company press release: ID:nBw3G5P2wa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Net Income
 
$131.38 mln
 
Q2 Net Interest Income
 
$285.31 mln
 
Q2 Credit Loss Provision
 
$4.96 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for United Bankshares Inc is $48.00, about 2.3% above its July 22 closing price of $46.91
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

    

    Reuters Recommended Reads
  
July 22 - Norwood Financial posts record Q2 net income, net interest income 
July 22 - Northern Trust tops Q2 revenue estimates, raises dividend
July 23 - Huntington Bancshares' quarterly profit rises on interest income boost

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)