United Bankshares: Q1 Earnings Snapshot

CHARLESTON, W.Va. (AP) — CHARLESTON, W.Va. (AP) — United Bankshares Inc. (UBSI) on Wednesday reported first-quarter earnings of $98.3 million.

The bank, based in Charleston, West Virginia, said it had earnings of 73 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The holding company for United Bank posted revenue of $362 million in the period. Its revenue net of interest expense was $268.2 million, which also missed Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UBSI at https://www.zacks.com/ap/UBSI

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