United Bankshares Q2 EPS beats estimates, driven by Piedmont acquisition

United Bankshares

24/07/2025 13:01

Overview

United Bankshares Q2 EPS of $0.85 beats analyst expectations

Net income for Q2 2025 at $120.7 mln, driven by Piedmont acquisition

Co repurchased 981,000 shares under stock buyback plan

Outlook

United anticipates continued success in second half of 2025

United sees positive impact from Atlanta market entry

Result Drivers

PIEDMONT ACQUISITION - Acquisition contributed to increased average balances, income, and expenses in Q2 2025

NET INTEREST INCOME - Record $274.5 mln driven by increased average loans and higher yields, aided by Piedmont acquisition

EXPENSE CONTROL - Noninterest expenses decreased due to lower merger-related costs, despite higher employee compensation

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
Beat
$0.85
$0.76 (6 Analysts)
Q2 Net Income
$120.72 mln
Q2 Net Interest Income
$274.54 mln
Q2 Adjusted Pretax Profit
Beat
$152.88 mln
$137.30 mln (6 Analysts)
Q2 Credit Loss Provision
$5.89 mln
Q2 Pretax Profit
$152.09 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "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 $39.50, about 6.7% above its July 23 closing price of $36.86

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

Press Release: ID:nBw4k44nWa

(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.)