United Bankshares Q2 Profit Rises, Tops Estimates - Quick Facts

(RTTNews) - United Bankshares, Inc. (UBSI) reported an increase in its second-quarter net earnings to $33.2 million or $0.48 per share from $22.2 million or $0.44 per share last year. The results mirrored higher net interest income.

On average, 8 analysts polled by Thomson-Reuters estimated the company's earnings to be $0.47 for the quarter. Analysts' estimates typically exclude one-time items.

The company's net interest income rose to $93.93 million from $66.20 million, while non-interest income for the quarter remained flat at $19.1 million. Analysts estimated revenue of $113.77 million.

Further, the board proposed a cash dividend of $0.32 per share for the quarter.