- United Bankshares‘ net interest margin increased to 3.8% in the third quarter, surpassing both the previous year’s 3.52% and the estimated 3.75%.
- Net income for United Bankshares reached $130.7 million, significantly above the estimated $115.2 million.
- Earnings per share (EPS) increased to 92 cents compared to 70 cents from the previous year, beating the estimated 82 cents.
- The provision for credit losses rose by 74% year-over-year to $12.1 million, exceeding the anticipated $8.06 million.
- Analyst recommendations for United Bankshares include one buy, four holds, and no sells.
A look at United Bankshares Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| 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 prominent holding company, is positioned for a promising long-term future according to the recently revealed Smartkarma Smart Scores. With a top-notch Value score of 5, the company demonstrates strong fundamentals and potential for growth. Coupled with a commendable Dividend score of 4, United Bankshares also shows dedication to rewarding its investors. While Growth comes in at a respectable 3, the company shines in terms of Resilience with a solid score of 4, indicating its ability to weather financial storms. Momentum stands at 3, reflecting a steady performance trajectory.
Primarily operating in West Virginia, Virginia, Maryland, Ohio, and Washington, D.C., United Bankshares, Inc. thrives as it attracts deposits from the public and offers diverse loan products through its network of offices. The impressive Smart Scores further bolster the company’s outlook, highlighting its sound financial standing and commitment to shareholder value, making it a compelling choice for investors seeking stability and growth in the banking sector.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
