NASDAQ$UBSI
United Bankshares Inc/WV · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported an increase in earnings compared to the previous quarter and year prior, driven by increases in profitability, capital, loans, and deposits, as well as decreases in expenses and non-performing assets.
United Bankshares, Inc. reported earnings of $96.5 million, or $0.71 per diluted share, for the second quarter of 2024. The company saw increases in profitability, capital, loans, and deposits, as well as decreases in expenses and non-performing assets. The company also announced a merger agreement with Piedmont Bancorp, Inc., expected to close late in the fourth quarter of 2024 or early in the first quarter of 2025.
- Earnings for the second quarter of 2024 were $96.5 million, or $0.71 per diluted share.
- Annualized returns on average assets, average equity and average tangible equity were 1.32%, 7.99% and 13.12%, respectively.
- Net interest income increased $3.2 million, or 1%, from the first quarter of 2024.
- Noninterest expense decreased $6.0 million, or 4%, from the first quarter of 2024.
Headline financials
Revenue & EPS history
United Bankshares · Revenue · Quarterly
$256M
Forward guidance
The merger is expected to close late in the fourth quarter of 2024 or early in the first quarter of 2025, subject to satisfaction of customary closing conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-0.1%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+2.0%
Avg return
30 days after
45%
31 / 69 earnings
Positive
+8.3%
Q3 2023
Best reaction
-6.5%
Q2 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.2% | +1.6% | -0.3% | |
| Q4 2025 | -0.1% | -2.8% | +3.5% | |
| Q3 2025 | -0.7% | +3.1% | +5.1% | |
| Q2 2025 | -0.3% | -1.7% | -1.1% | |
| Q1 2025 | +2.1% | +1.6% | +4.8% | |
| Q4 2024 | +0.2% | -0.1% | -7.3% | |
| Q3 2024 | +0.5% | +3.3% | +16.0% | |
| Q2 2024 | +6.2% | +5.1% | +4.5% | |
| Q1 2024 | -4.1% | -6.6% | -5.9% | |
| Q4 2023 | +1.7% | -3.0% | -6.9% | |
| Q3 2023 | +8.3% | +8.3% | +28.4% | |
| Q2 2023 | -0.4% | -0.3% | -12.2% | |
| Q1 2023 | -0.4% | -2.4% | -8.3% | |
| Q4 2022 | +1.3% | +3.5% | +5.4% | |
| Q3 2022 | +8.2% | +10.9% | +10.6% | |
| Q2 2022 | +1.3% | +0.7% | -0.2% | |
| Q1 2022 | -1.7% | -3.4% | +7.3% | |
| Q4 2021 | -3.6% | -0.5% | +0.4% | |
| Q3 2021 | -5.8% | -1.3% | +3.7% | |
| Q2 2021 | -1.5% | -0.2% | +3.0% | |
| Q1 2021 | +2.7% | +2.6% | +8.8% | |
| Q4 2020 | -2.0% | +4.5% | +14.3% | |
| Q3 2020 | +0.5% | -3.1% | +13.4% | |
| Q2 2020 | -2.0% | -0.1% | -6.2% | |
| Q1 2020 | -6.5% | -11.7% | -6.6% | |
| Q4 2019 | -1.5% | -3.5% | -18.8% | |
| Q3 2019 | -0.1% | +1.8% | -4.4% | |
| Q2 2019 | -0.1% | +0.2% | -6.2% | |
| Q1 2019 | +1.3% | +1.1% | -4.1% | |
| Q4 2018 | +0.7% | +2.3% | +9.6% | |
| Q3 2018 | +0.6% | +5.2% | +9.8% | |
| Q2 2018 | +3.4% | +1.9% | +9.0% | |
| Q1 2018 | -1.1% | -1.9% | +5.9% | |
| Q4 2017 | +2.1% | +0.7% | -1.5% | |
| Q3 2017 | +1.6% | -2.2% | -4.6% | |
| Q2 2017 | -6.5% | -6.6% | -8.8% | |
| Q1 2017 | -4.5% | -4.5% | -7.1% | |
| Q4 2016 | -0.5% | +1.1% | +1.4% | |
| Q3 2016 | +0.5% | +1.9% | +27.0% | |
| Q2 2016 | -2.4% | -4.8% | -1.2% | |
| Q1 2016 | +0.3% | — | — | |
| Q4 2015 | -0.5% | — | — | |
| Q3 2015 | -3.1% | — | — | |
| Q2 2015 | -2.9% | — | — | |
| Q1 2015 | +2.5% | — | — | |
| Q4 2014 | -2.3% | — | — | |
| Q3 2014 | +1.1% | — | — | |
| Q2 2014 | +5.4% | — | — | |
| Q1 2014 | -1.2% | — | — | |
| Q4 2013 | +2.0% | — | — | |
| Q3 2013 | +0.3% | — | — | |
| Q2 2013 | -1.8% | — | — | |
| Q1 2013 | -2.1% | — | — | |
| Q4 2012 | -2.7% | — | — | |
| Q3 2012 | -0.2% | — | — | |
| Q2 2012 | -0.7% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q4 2011 | +1.2% | — | — | |
| Q3 2011 | +3.4% | — | — | |
| Q2 2011 | -0.3% | — | — | |
| Q1 2010 | -1.7% | — | — | |
| Q1 2011 | +1.7% | — | — | |
| Q4 2008 | +2.7% | — | — | |
| Q4 2010 | +2.7% | — | — | |
| Q3 2009 | -1.0% | — | — | |
| Q3 2010 | -1.0% | — | — | |
| Q2 2010 | -2.7% | — | — | |
| Q2 2009 | -2.7% | — | — | |
| Q4 2009 | -2.7% | — | — |
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