NASDAQ$UBSI

United Bankshares Inc/WV · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Reported earnings for Q4 2024, demonstrating strong financial performance.

United Bankshares, Inc. reported strong earnings for the fourth quarter of 2024, with net income of $94.4 million, or $0.69 per diluted share. The results reflect solid performance in net interest income and a decrease in noninterest expense. The company also completed its acquisition of Piedmont Bancorp, Inc. during the quarter.

  • Earnings for the fourth quarter of 2024 were $94.4 million, or $0.69 per diluted share.
  • Net interest income for the fourth quarter of 2024 was $232.6 million, an increase of $2.9 million from the fourth quarter of 2023.
  • Noninterest expense for the fourth quarter of 2024 decreased $18.1 million from the fourth quarter of 2023.
  • Completed acquisition of Piedmont Bancorp, Inc. on January 10, 2025.

Headline financials

Total Revenue

$262M

Previous: $263M-0.5%
EPS (adj)

$0.69

Previous: $0.66+4.5%
Net Interest Margin

3.5%

Previous: 3.5%-1.7%
Return on Avg Assets

1.3%

Previous: 1.1%+15.7%
ROE

7.5%

Previous: 6.7%+11.6%
Efficiency Ratio

51.2%

No prior period
Capital Expenditures

-$2.8M

Previous: $3.21M-187.2%
Net Income

$94.4M

Previous: $79.4M+18.9%
Operating Income

$121M

Previous: $104M+16.2%

Revenue & EPS history

United Bankshares · Revenue · Quarterly

$262M

Q4 2024-0.5%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

As we turn our sights towards 2025, we are excited about the opportunities we see in front of us.

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 Q4 2024

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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