Charleston bank meets Wall Street expectations

CHARLESTON, W.Va. (AP) _ United Bankshares Inc. (UBSI) on Wednesday reported fourth-quarter earnings of $63.3 million.

The Charleston, West Virginia-based bank said it had earnings of 62 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 62 cents per share.

The holding company for United Bank posted revenue of $221.1 million in the period. Its revenue net of interest expense was $178.5 million, which topped Street forecasts.

For the year, the company reported profit of $260.1 million, or $2.55 per share. Revenue was reported as $728.4 million.

United Bankshares shares have dropped 8% since the beginning of the year. The stock has increased 1.5% in the last 12 months.

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Kassie Simmons
Kassie Simmons joined the team in January 2019 as a weekend journalist. She graduated from Virginia Tech in just two and a half years with a BA in multimedia journalism. During her short time at Virginia Tech, she served as the editor for the university’s chapter of The Tab. Kassie was named the top reporter for The Tab at Virginia Tech on multiple occasions and made the list for the top 30 reporters for The Tab in the U.S. She also studied theater performance and minored in creative writing. Before coming to WOAY, Kassie interned at WSLS in Roanoke and the Tidewater Review in her hometown of West Point, Va. She has loved following breaking news since her childhood and has a passion for delivering the stories people care most about. Kassie is excited to be working in Southern West Virginia and looks forward to all the adventures ahead of her. You can follow her on Twitter at @KassieLSimmons and like her page on Facebook. If you have a story you think she should check out, send her an email at