United Bankshares, Inc. (UBSI) reported first quarter earnings of $106.9 million, or $0.83 per share, up from $40.2 million, or $0.40 per share, a year ago. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.72, for the quarter. Analysts' estimates typically exclude special items.

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RTTNews | Apr 23, 2021 08:04AM EDT

08:04 Friday, April 23, 2021 (RTTNews.com) - United Bankshares, Inc. (UBSI) reported first quarter earnings of $106.9 million, or $0.83 per share, up from $40.2 million, or $0.40 per share, a year ago. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.72, for the quarter. Analysts' estimates typically exclude special items.

First quarter tax-equivalent net interest income increased 35% year-on-year to $192.0 million. Noninterest income was $92.6 million, an increase of 152% from last year. Analysts expected revenue of $274.54 million, for the quarter.

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