- EPS Performance: United Bankshares reported earnings per share (EPS) of 71 cents, better than the previous year’s 68 cents and the estimated 64 cents.
- Net Interest Margin: The net interest margin was 3.5%, slightly down from last year’s 3.51% but above the estimated 3.45%.
- Net Income: United Bankshares posted a net income of $96.5 million, surpassing the estimated $87.1 million.
- Credit Loss Provision: Provision for credit losses was $5.78 million, a significant decrease of 49% year-over-year and below the estimated $6.39 million.
- Share Repurchase: United did not repurchase any shares of its common stock during 2024 or 2023.
- Non-Performing Loans: As of June 30, 2024, non-performing loans stood at $65.3 million, or 0.30% of loans and leases, net of unearned income.
- Total Non-Performing Assets: Total non-performing assets were $67.5 million, including other real estate owned (OREO) of $2.2 million, or 0.23% of total assets.
- Capital Ratios:
- Risk-Based Capital Ratio: 15.8%
- Common Equity Tier 1 Capital Ratio: 13.5%
- Tier 1 Capital Ratio: 13.5%
- Leverage Ratio: 11.6%
- Analyst Ratings: 1 buy rating, 4 hold ratings, and no sell ratings.
A look at United Bankshares Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
United Bankshares, Inc., a banking holding company with a strong regional presence in several states, has received positive Smart Scores in key areas. A solid Value score indicates that the company is perceived as undervalued compared to its peers. Combined with a respectable Dividend score, United Bankshares demonstrates a commitment to providing returns to its shareholders. The company also scores well in Momentum, suggesting a positive trend in its stock performance. While Growth and Resilience scores are slightly lower, the overall outlook remains favorable, indicating a stable and promising future for the company.
Operating across West Virginia, Virginia, Maryland, Ohio, and Washington, D.C., United Bankshares, Inc. focuses on attracting deposits and offering various loan products through its network of offices. With a balanced set of Smart Scores highlighting strengths in value, dividend payout, and momentum, the company seems well-positioned for future growth and sustained performance. Investors may find United Bankshares an attractive prospect for long-term investment based on its solid operational foundation and positive outlook across key financial metrics.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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