RTTNews | Jul 24, 2020 08:11AM EDT

08:11 Friday, July 24, 2020 (RTTNews.com) - United Bankshares, Inc. (UBSI) reported second quarter earnings per share of $0.44 compared to $0.66, last year. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.43, for the quarter. Analysts' estimates typically exclude special items.

Second quarter tax-equivalent net interest income was $171.6 million, an increase of 13% year-on-year due mainly to an increase in average earning assets from the Carolina Financial acquisition. Noninterest income was $88.4 million, an increase of 122% from previous year. Analysts expected revenue of $220.5 million for the quarter.

Read the original article on RTTNews ( https://www.rttnews.com/3114111/united-bankshares-q2-profit-tops-estimates-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved