- United Bankshares reported its first-quarter net interest margin at 3.69%, which is higher than both the previous year’s 3.44% and the estimated 3.57%.
- The bank’s net income for the quarter was $84.3 million, surpassing the estimate of $79.6 million.
- Earnings per share (EPS) came in at 59 cents, slightly lower than the 64 cents reported last year, and below the estimate of 63 cents.
- Provision for credit losses significantly increased to $29.1 million compared to $5.74 million in the previous year, and also exceeded the estimate of $12.2 million.
- Analyst recommendations for United Bankshares include 1 buy rating, 5 hold ratings, and no sell ratings.
A look at United Bankshares Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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. shows promising signs for its long-term outlook based on its Smartkarma Smart Scores. With a strong value, dividend, resilience, and momentum score of 4 each, and a growth score of 3, United Bankshares seems well-positioned in the market. The company, a holding company with a network of offices in multiple states and D.C., attracts deposits and offers various loan products. Its solid scores across different factors point towards a positive future trajectory.
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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