United Bankshares, Inc. (UBSI) announced their fourth-quarter earnings as $79.4 million, or equivalent to $0.59 per share. This was a decrease from last year's figures which were at $99.8 million, or $0.74 per share. Six analysts, surveyed by Thomson Reuters, predicted the company's profits to be at the rate of $0.65 per share for this quarter. It should be noted that such estimated figures tend not to include any unique items.
The net interest income witnessed a drop from the previous year’s $249.40 million to the current $229.69 million. The noninterest income came out to be around $33.67 million, up from the $30.88 million reported last year. However, the average estimate given by analysts for the revenue was on a higher side, at $259.09 million.
