United Bankshares Q1 Net Income Declines

(RTTNews) - United Bankshares, Inc. (UBSI) reported first quarter net income of $86.8 million compared to $98.3 million, last year. Net income per share was $0.64 compared to $0.73. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.65, for the quarter. Analysts' estimates typically exclude special items.

Net interest income declined to $222.49 million from $234.32 million, last year. Noninterest income was $32.21 million compared to $32.74 million. Analysts on average had estimated $257.63 million in revenue.

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