- United Bankshares reported a net interest margin of 3.81%, surpassing both the previous year’s 3.5% and the estimated 3.69%.
- The company’s net income was $120.7 million, exceeding the estimated $107.9 million.
- Earnings per share (EPS) were recorded at 85 cents, an improvement from last year’s 71 cents and above the forecasted 77 cents.
- Provision for credit losses was $5.89 million, marking a 1.9% increase year-over-year, but lower than the estimated $8.4 million.
- Analyst ratings for United Bankshares include 1 buy recommendation and 5 hold recommendations, with no sell recommendations.
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., a banking holding company with a strong presence across several states, shows promising long-term prospects according to Smartkarma Smart Scores. The company received solid scores across key factors, with high ratings in Value, Dividend, Resilience, and Momentum. A score of 4 in Value and Dividend highlights the company’s attractiveness in terms of both financial health and dividend payouts, indicating a sound investment opportunity. Additionally, United Bankshares‘ strong Resilience and Momentum scores suggest stability and favorable market performance going forward, portraying a positive outlook for the company’s future prospects.
United Bankshares, Inc. operates through a network of offices in various regions, primarily focusing on attracting public deposits and offering a range of lending products. With a mixed score in Growth, the company may have opportunities to further expand and enhance its market position over time. Overall, United Bankshares‘ robust scores across key metrics position it well for long-term success and growth in the competitive banking industry, making it a potentially rewarding investment option for investors seeking stable returns and growth potential.
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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