RTTNews | Jan 27, 2022 08:18AM EST

08:18 Thursday, January 27, 2022 (RTTNews.com) - United Bankshares, Inc. (UBSI) reported on Thursday that net income for the fourth quarter decreased to $73.85 million or $0.56 per share from $92.37 million or $0.71 per share in the prior-year quarter.

Net interest income for the quarter decreased 4 percent from the year-ago quarter to $183.68 million, and noninterest income also declined 43 percent from last year to $54.05 million from last year.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.56 per share on revenues of $244.93 million for the quarter. Analysts' estimates typically exclude special items.

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