United Bankshares Q1 profit rises, net interest income up 9%

United Bankshares

23/04/2026 12:57

Overview

U.S. regional bank's Q1 net income rose yr/yr, supported by higher net interest income

Net interest income grew 9% yr/yr, driven by higher average net loans and lower deposit costs

Company repurchased 1.7 mln shares during the quarter under its stock buyback plan

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

NET INTEREST INCOME - Growth in average net loans and a lower average rate paid on interest-bearing deposits drove higher net interest income yr/yr

NONINTEREST INCOME - Higher net gains on investment securities and increased brokerage fees contributed to growth in noninterest income

CREDIT COSTS - Lower provision for credit losses yr/yr, reflecting absence of prior-year merger-related charges

Company press release: ID:nBw9VHJcFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$124.20 mln
Q1 Net Interest Income
$282.52 mln
Q1 Credit Loss Provision
$7.78 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "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 $46.00, about 6% above its April 22 closing price of $43.39

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)